HomeMy WebLinkAboutFinding and adjudging the financing of facilities for J. and S. Realty L
RESOLUTION
No. 383-73
Passed by the Common Council of the City of South Bend, Indiana,
SEPTEMBER 10, 19 73
Attest: a �;a_ � �.. 7; . City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
SEPTEMBER 11, 19 73
City Clerk
Approved and signed by me 2-- 197.
Mayor
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR J. AND S . REALTY, A 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 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 , J. and S. 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
prepared and placed on file a report containing the subject
matter as specified in Section 16 of IC-1973, 18-6 7-4. 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 w / , 1973,
after giving the required notice as provide for in Section 17
of IC-1973, 18-6-4. 5 ; and
FILED IN CLERK'S OFFICE
E t 2 41973
PRESENTED q-
NOT APPROVED Irene Gammon
CITY CLERK, SOUTH BEND, IND,
ADOPTED C?- /D-,?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 Bonds ; and
WHEREAS, this Common Council of the City of South Bend,
Indiana, now finds that the proposed financing of such facilities
for J and S Realty, a 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 J. and S. Realty, a 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 approved
by the Mayor.
Presented by
Councilma
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the /o tJ- day of 1973.
Attest:
President of oun
City Clerk 0 '-7 0
Presented by me to the Mayor of the City of South Bend,
Indiana, on the // ` day of 1973, at the hour of
M.
City��Clerk �. �-(3��
tL
This resolution approved and signed by me on the �a
day of J. ci �:LIZ *,. 973 , the h ur of .M.
Attest:
Citv Clerk