HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Daal Realty RESOLUTION
No. 399-73
Passed by the Common Council of the City of South Bend, Indiana,
DECEMBER 17, 19 73
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
DECEMBER 18 , 19 73
City Clerk
Approved and signed by me ( 19/✓
Mayor
RESOLUTION NO. 10- 99- ? ,3
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR DAAL REALTY 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 thereto,
hereinafter referred to as the "Act" ; and
WHEREAS, Daal Realty 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
proposed financing of such facilities on November 9 1973
after giving the required notice as provided for in SEction 17
of IC-1973, 18-6-4. 5; and
rN.LY IN IMIS Y
DEC 5 1973
PRESENTED
NOT APPROVED Irene Gammon
CITY CLERK, SOUTH BEND, IND,
ADOPTED / _,,- /'7 - 'l 3
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 form 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 Daal Realty 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 Daal Realty 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 /2 �day of LL 1973.
Attest:
President of C cil
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the C� day of ,��, , 1973, at the hour
City Clerk QQ
This resolution approved and signed by me on the / Today
of , 1973 , at e 0hoof "3 P M.
Attest:
Ma