HomeMy WebLinkAboutFinding and adjudging the financing of facilities for KLMS Realty t
t
RESOLUTION
No. 386-73
Passed by the Common Council of the City of South Bend, Indiana,
SEPTEMBER 24, 193_.
Attest: lV -_j, ��� _ Q: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
SEPTEMBER 25, 1973
City Clerk
Approved and signed by me C� 19
Mayor
t MID III CLERKS OFFICE
PRESENTED 9-a ti-913
NOT APPROVED i 19
ADOPTED 9- a 4--,2 3 RESOLUTION NO. .3 8 C- 3
Irene Gammon
CITE( DUR&10M UND,, 1%
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF
FACILITIES FOR KLMS REALTY, AN INDIANA 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,
heretofore has created the South Bend Economic Development Commission,
hereinafter referred to as "Commission, " pursuant to the provisions
of the Municipal Economic Development Act of 1965, as amended, sup-
plemented or added to by IC-1971, 18-6-4 as amended, supplemented
or added to by IC-1973, 18-6-4.5, or any other amendments, supple-
ments or additions thereto, hereinafter referred to as the "Act, "
WHEREAS, KLMS Realty, an Indiana Partnership has filed an
application with the Commission to finance the acquisiton of real
estate and the construction thereon of an office building (facilities)
which will constitute economic development facilities resulting in
a substantial number of new jobs as well as other benefits;
WHEREAS, in connection therewith the Commission has prepared
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;
WHEREAS, the Commission held a public hearing on the proposed
' 17,financing of such facilities as of 973 after giving the required
notice as provided for in Section 17 of IC-1973, 18-6.5;.
WHEREAS, the Commission at such meeting by a duly adopted
r r.
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 Berm , now
finds that the proposed financing of such facilities for KLMS Realty,
an Indiana Partnership, will be of benefit to the health or welfare of
the City of South Bend, Indiana, and that, according, 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 KLMS Realty, an Indiana Partner-
ship 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 Cou cil and approval by the
Mayor.
Passed and adopted by the Common Council o the ity of
South Bend, Indiana, on the y day of �o _ , 1973 .
Pre i ent 'o ouncil
ATTEST :
C i Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the a S � day of �, e _ . ,� ; , 1973, at the hour
of M.
aJr
C ty C lerk
This resolution approved and signed by me on the o? Ce day of
, 1973, at the hour of M.
Mayor
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