HomeMy WebLinkAboutFinding and adjudging the financing of facilities for National Computing Corporation RESOLUTION
No. 412-74
Passed by the Common Council of the City of South Bend, Indiana,
APRIL 8 , 19 74
Attest: 4,0- �- City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
APRIL 9 , 19 74
City Clerk
Approved and signed by me LIB 9 —19 '7q
Mayor
RESOLUTION NO. AY k-/
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR NATIONAL COMPUTING CORPORATION BY THE
ISSUANCE BY THE CITY OF SOUTH BEND , INDIANA, OF ITS
ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO SUCH
FACILITIES FOR SUCH ENTITY WILL BE OF BENEFIT TO THE
HEALTH OR WELFARE OF THIS MUNICIPALITY, AND APPROVING
THE FINANCING THEREFOR
WHEREAS, the Common Council of the City of South Bend,
Indiana, heretofore has created the South Bend Development
Commission, hereinafter referred to as "Commission" , pursuant
to the provisions of the Municipal Economic Development Act of
1965 , as amended, supplemented or added to , including but not
limited to the amendments supplements or additions of IC-1973 ,
18-6-4 . 5 , or any other amendments , supplements or additions
thereto, hereinafter referred to as the "Act" , and
WHEREAS, National Computing Corporation has filed an
application with the Commission to finance the acquisition of
real estate and the construction thereon of an industrial and
commercial building (facilities) which will constitute economic
development faciltiies resulting in a substantial number of
new jobs as well as other benefits ; and
WHEREAS, in connection therewith the Commission has pre-
pared and placed on file a report containing the subject
matter as specified in Section 16 of IC-1973 , 18-6-4 . 5 and
has forwarded copies thereof to the Chairman of the Area Plan
Commission and to the Superintendent of the School Corporation
in the area of which the facilities will be located, and has
timely received favorable reports from each of them; and
WHEREAS, the Commission held a public hearing on the
proposed financing of such facilities on March 29 , 1974 , after
giving the required notice as provided for in Section 17 of
IC-1973 , 18-6-4. 5 ; and
FILED IN CLERK'S OFFICE
PRESENTED -4/ - g- IPAAR 2 91974
NOT APPROVED
ADOPTED U- - Irene Gammon
CITY CLERK, SOUTH BEND, IND,
WHEREAS, the Commission at such meeting by a duly adopted
written resolution, incorporated herein by reference, found
that the proposed financing complies with the purposes and
provisions of the Act, and approved such financing, including,
but not limited to, the forms and terms of the financing
agreement consisting of the Lease and Trust Indenture and
the Bonds; and
WHEREAS, this Common Council of the City of South Bend,
Indiana, now finds that the proposed financing of such facilities
for National Computing Corporation will be of benefit to the
health or welfare of the City of South Bend, Indiana, and that
accordingly, this resolution should be adopted.
NOW, THEREFOR, BE IT RESOLVED by the Common Council of the
City of South Bend, Indiana, that;
Section 1. Such financing for National Computing Corporation
under the Act be and the same is hereby approved.
Section 2. This resolution shall be in full force and
effect from and after its passage by the Common Council and
approval by the Mayor.
Presented by 4
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, o th 'S = d o 1974 .
Attest:
President of o ncil
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the 4 E!� day of (�_„A�, 1974 , at the
hour of M.
City Clerk
This resolution approved and signed by me on the 9-t-4
day of 974 , the hour of q M.
a or