HomeMy WebLinkAboutSupporting the development of the Industrial Park Area of South Bend, and authorizing and approving the borrowing of a sum not to exceed $100,000 pursuant to the Industrial Development Fund Act RESOLUTION
N0. 113-65
Passed by the Common Council of the City of South Bend, Indiana,
September 27 19. 65
Attest: City Clerk
Attest: fit• President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
September 28 19-65
— City Clerk
Approved and signed by me 19(D .
Mayor
RESOLUTION NO. 3 G a
RESOLUTION IN SUPPORT OF THE DEVELOPMENT OF
THE INDUSTRIAL PARK AREA OF SOUTH BEND, IN-
DIANA, AND AUTHORIZING AND APPROVING THE
BORROWING OF A SUM NOT TO EXCEED $100,000.00
PURSUANT TO THE INDUSTRIAL DEVELOPMENT FUND
ACT AS REPORTED IN BURNS INDIANA STATUTES
ANNOTATED, SECTION 53-606 TO 53-616, INCLUS-
IVE.
WHEREAS, The Common Council of the City of South Bend,
Indiana, is aware of the need to promote and develop the Indus-
trial Park in the vicinity of the St. Joseph County Airport at
South Bend, Indiana; and
WHEREAS, The Common Council realizes the need for addi-
tional funds with which to develop said Industrial Park for the
encouragement of industrial development in this area; and
WHEREAS, The Common Council is aware of the Industrial
Fund Act permitting loans to municipalities for the purpose of
developing such industrial sites;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA, That we wish to make of record
our strong support of the development of said Industrial Park and
also our approval of a loan to said City of South Bend from the
Industrial Development Fund of the State of Indiana pursuant to
the statute reported at Section 53-606 to 53-616, inclusive,
in Burns Indiana Statutes Annotated. We respectfully request the
Mayor of the City of South Bend, to take the appropriate steps
to secure said funds for the development of the Industrial Park
area.
M er of the Common Counci