HomeMy WebLinkAboutFinding and adjudging the financing of facilities for General Sheet Metal Inc. .� IT
RESOLUTION
No. 410-74
Passed by the Common Council of the City of South Bend, Indiana,
APRIL 8 , 19 74
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
APRIL 9, 19 74
e City Clerk
Approved and signed by mew- �, 19—94/ .
Mayor
RESOLUTION NO. 4-110 J
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR GENERAL SHEET METAL, INC. , 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 THES MUNICIPALITY, AND APPROVING THE
FINANCING THEREFDR
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
as the "Act" : and
WHEREAS, General Sheet Metal, Inc. has filed and 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 hr uar�z 15 , 1974 , after
giving the required notice as provided for in Section 17 of IC-1973,
18-6-4. 5 and
AILED IN CLERK'S OFFICE
PRESENTED 3-a s-17 J__ Y-F-1 MAR 12 1974
NOT APPROVED
ADOPTED � Irene Gammon
U- - CITY CLERK, SOUTH BEND, IND,
a 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 General Sheet Metal, Inc. , 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 General Sheet Metal , Inc.
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 ✓�
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the 8 day of 1 7 .
li
Attest: it 7Tjze� A
41- President of Coulicil
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the q L-� day of , 1974 , at the hour of
M.
City Clerk
This resolution approved and signed by me on the
day of 1974 , he hour /`-' M.
M yo
Atest: City Clerk