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REGULAR MEETING APRIL 80 1974
<br />IIREGULAR MEETING - RECONVENED (CONTINUED)
<br />IRESOLUTION NO. 411 -74 (CONTINUED)
<br />and has forwarded copies thereof to the Chairman of the Area Plan Commission and to the
<br />Superintendent of the School Corporation in the area of which the facilities will be
<br />located, and has timely received favorable reports from each of them; and
<br />WHEREAS, the Commission held a public hearing on the proposed financing of such
<br />facilities on March 8, 1974, after giving the required notice as provided for in Section
<br />17 of IC -1973, 18- 6 -4.5; and
<br />WHEREAS, the Commission at such meeting by a duly adopted written resolution,
<br />incorporated herein by reference, found that the proposed financing complies with the
<br />purposes and provisions of the Act, and approved such financing, including but not
<br />limited to the forms and terms of the financing agreement consisting of the Lease and
<br />Trust Indenture and the Bonds; and
<br />WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that the
<br />proposed financing of such facilities for Eugene C. Muia will be of benefit to the health
<br />or welfare of the City of South Bend, Indiana, and that, accordingly, this resolution
<br />should be adopted.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, that:
<br />Section 1. Such financing for Eugene C. Muia under the Act be and the same is
<br />hereby approved.
<br />Section 2. This resolution shall be in full force and effect from and after its
<br />passage by the Common Council and approval by the Mayor.
<br />s/ Peter J. Nemeth
<br />Councilman
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />South Bend Development Commission, stated that the commission had approved the financing, and he
<br />introduced Mr. Warren McGill. Mr. McGill stated that the amount of the bond was $125,000, and it
<br />would follow the conventional form.
<br />Councilman Serge made a motion to adopt the resolution, seconded by Councilman Parent. The resolu-
<br />tion passed by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor,
<br />Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 412 -74 A RESOLUTION FINDING AND ADJUDGING THAT
<br />THE FINANCING OF FACILITIES FOR NATIONAL
<br />COMPUTING CORPORATION BY THE ISSUANCE BY
<br />THE CITY OF SOUTH BEND, INDIANA, OF ITS
<br />ECONOMIC DEVELOPMENT REVENUE BONDS PER -
<br />TAINING TO SUCH FACILITIES FOR SUCH ENTITY
<br />WILL BE OF BENEFIT TO THE HEALTH OR WELFARE
<br />OF THIS MUNICIPALITY, AND APPROVING THE
<br />FINANCING THEREFOR.
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, heretofore has
<br />created the South Bend Development Commission, hereinafter referred to as "Commission ",
<br />pursuant to the provisions of the Municipal Economic Development Act of 1965, as
<br />amended, supplemented or added to, including but not limited to the amendments,
<br />supplements or additions of IC -1973, 18- 6 -4.5, or any other amendments, supplements
<br />or additions thereto, hereinafter referred to as the "Act "; and
<br />WHEREAS, National Computing Corporation has filed an application with the
<br />Commission to finance the acquisition of real estate and the construction thereon of an
<br />industrial and commercial building (facilities) which will constitute economic develop-
<br />ment facilities resulting in a substantial number of new jobs as well as other benefits;
<br />and
<br />WHEREAS, in connection therewith the Commission has prepared and placed on file
<br />a report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5
<br />and has forwarded copies thereof to the Chairman of the Area Plan Commission and to the
<br />Superintendent of the School Corporation in the area of which_ the facilities will be
<br />located, and has timely received favorable reports from each of them; and
<br />WHEREAS, the Commission held a public hearing on the proposed financing of such
<br />facilities on March 29, 1974, after giving the required notice as provided for in Section
<br />17 of IC-1973,-18-6-4.5; and
<br />WHEREAS, the Commission at such meeting by a duly adopted written resolution,
<br />incorporated herein by reference, found that the proposed financing complies with the
<br />purposes and provisions of the Act, and approved such financing, including but not limited
<br />to the forms and terms of the financing agreement consisting of the Lease and Trust
<br />Indenture and the Bonds; and
<br />WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that
<br />the proposed financing of such facilities for National Computing Corporation will be of
<br />benefit to the health or welfare of the City of South Bend, Indiana, and that, accordingly,
<br />this resolution should be adopted.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, that:
<br />Section 1. Such financing for National Computing Corporation under the Act be
<br />and the same is hereby approved.
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