HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Ironwood Partnership RESOLUTION
No. 387-73
Passed by the Common Council of the City of South Bend, Indiana,
SEPTEMBER 24 , 19 7 3
Attest: LD e �.,_ Z� City Clerk
Attest: �` President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
SEPTEMBER 25, 19 73
lot
City Clerk
Approved and signed by me (P 19�.
Mayor
RESOLUTION NO. J g ?- 9 ,3
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR IRONWOOD PARTNERSHIP 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, herebyfore 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, Ironwood Patnership 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 theri;and
WHEREAS, the Commission held a public hearing on the
proposed financing of such facilities on July 27 , 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
r. ' 1 1 1973
PRESENTED 1)13 Irene Gammon
NOT APPROVED CITY CLERK, SOUTH BEND, 1NDy
ADOPTED q- a ti - 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 forms and terms of the financing agreement
consisting of the Lease and Trust Indenture and the Bond; and
WHEREAS, this Common Council of the City of South Bend,
Indiana, now finds that the proposed financing of such facilities
for Ironwood Partnership 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 Ironwood Partnership
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. I
Presented by a�� Q
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the ?41 day of �, 1973.
Attest:
l
Pre ident of C cil
ell
City Clerk °
Presented by me to the Mayor of the City of South Bend,
Indiana, on the v'�St-lday of �, ,� L _�, 1973 , at the hour of
.M.
City Clerk� - (3 �
This resolution approved and signed by me on the BCD
day of 1973 , at the hour of M.
Attest:
Y fjUl W
City Clerk