HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Eugene C. Muia RESOLUTION
No. 411-74
Passed by the Common Council of the City of South Bend, Indiana,
APRIL 8 , 19 74
Attest: 2 City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
APRIL 9 , 19 74
cP�•-��- 1� , City Clerk
Approved and signed by me �Q, 19 '714
Mayor
.F
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR EUGENE C. MUTA 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 amend-
ments, supplements or additions thereto, hereinafter referred to
i
as the "Act" ; and
WHEREAS , Eugene C. Muia 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
facilities 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 pro-
posed financing of such facilities on) !r� 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
THORNBURG. McGILL.
NOT APPROVED !A AR 2 2 1974
L..{/
DEAHL, HARMAN. ADOPTED — /
CAREY d MURRAY Irene Gammon
CITY CLERK, SOUTH BEND, IND.
I
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 Eugene C. Muia 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, THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, that :
Section 1. Such financing for Eugene C. Muia 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
q,
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the ZL.,'- d of , 1974.
Attest :
Pr 'sident of ounc
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the i day of ( �_� 1974 , at the hour of
City Clerk
i� This resolution approved and signed by me on the
THORNBURG, McGILI 1974 ,
DEAHL, HARMAN, day of ,�'rQ..^_-� t the o 7 •M•
CAREY ® MURRAY I�
Attest : U��ajo
r"I 7-TT (� I--I,