HomeMy WebLinkAboutFinding and adjudging the financing of facilities of Mid-West Producers' Creameries, Inc. K
RESOLUTION
No. 388-73
Passed by the Common Council of the City of South Bend, Indiana,
SEPTEMBER 24, 19 73
Attest: City Clerk
Attest: President of Common Council.
J
Presented by me to the Mayor of the City of South Bend, Indiana
SEPTEMBER 25 , 19 73
(, City Clerk
Approved and signed by me 19123.
Mayor
cr n
RESOLUTION NO. 3,?g- 73
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING i
OF FACILITIES FOR MID-WEST PRODUCERS ' CREAMERIES, 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 amend-
ments , supplements or additions thereto , hereinafter referred to
as the "Act" ; and
WHEREAS , Mid-West Producers ' Creameries , 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
Ispecified 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 j , 1973 , after givin
the required notice as provided for in Section 17 of IC-1973 , 18-6-4 .5 ;
and
o IN CLOn aFRcE
- - 1973
Greve Gammon
PRESENTED CITy CLERIC. $OUT" BEND. IND.
NOT APPROVED
ADOPTED q- t t/_ -2,,7
� r
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 Mid-West Producers ' Creameries , 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 Mid-West Producers '
Creameries , Inc . under the Act be and the same is hereby approved.
Section 2. This resolution shall be in full force and i
effect from and after its passage by the Common Council and approval
I
by the Mayor.
Presented by
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the a y t1- d , of s y =�,,,� , 1973.
Attest :
PrdsFicfient of C ec il
! City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the as�:4day of a,,;t_ 4,,b 1973, at the hour of
.M.
City Clerk
This resolution approved and signed by me on the
day of 1973 , the ur of .M.
Attest : May
�C)2• f3 64— eX
City Clerk