HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Eslinger TV & Applicances, Inc. ti
RESOLUTION
No. 394-73
Passed by the Common Council of the City of South Bend, Indiana,
NOVEMBER 13 , 1973
Attest: City Clerk
Attest: ` President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
NOVEMBER 14 , 1973
City Clerk
Approved and signed by me /v 19
Mayor
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR ESLINGER TV & APPLIANCES, 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 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, Eslinger TV & Appliances , Inc. 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-r6-4 . 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 ey-roa- ,E' 6--, 1973 , 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
NOT APPROVED OCT 2 31973
ADOPTED o--?3 Irene Gammon
CITY CLERK, $OUTH BEND, IND.
A
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 Eslinger TV & Appliances, 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 Eslinger TV & Appliances
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
Pit-
Couni-,ilman
Passed and adopted by the Common Cou i1 of the City of
South Bend, Indiana, on the /3yday of 1973 .
Attest:
President of Co cif
Presented by me to the Mayor of the City of South Bend,
Indiana, on the IV day of h¢'✓ 1973 , at the hour of
M.
City Clerk
This resolution approved and signed by me on the
day of 1973 , at the hour of le'o M.
Attest:
VVI