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REGULAR MEETING APRIL 22, 197A—
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />RESOLUTION NO. 415 -74 (CONTINUED)
<br />and to the Superintendent of the School Corporation in the area of which the facilities
<br />will be located, and has timely received favorable reports from each of them; and
<br />WHEREAS, the Commission held a public hearing on the proposed refinancing of such
<br />facilities on March 29, 1974, after giving the required notice as provided for in Section
<br />14 of P.L. 182, 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 refinancing complies with the
<br />purposes and provisions of the Act, and approved such refinancing, including, but not
<br />limited to, the forms and terms of the financing agreement consisting of the Lease
<br />Financing Agreement and Trust Indenture and the Bond; and
<br />WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that
<br />the proposed refinancing of such facilities for Koszegi Leather & Vinyl Products, Inc.,
<br />will be of benefit to the health or welfare of the City of South Bend, Indiana, and
<br />that, accordingly, 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 refinancing for Koszegi Leather & Vinyl Products, Inc., under the
<br />Act be and the same is 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, indicated that an additional bond for refinancing was requested.
<br />He introduced Mr. Sopko, the attorney representing Koszegi Leather. Council President Nemeth
<br />wondered how many new employees the refinancing would affect. Mr. Sopko indicated that the
<br />original proposal would probably remain the same of 30 to 40 new employees. Councilman Newburn
<br />asked where the firm was located, and Mr. Sopko indicated that Koszegi Leather was located in the
<br />Industrial Park on South Chapin.
<br />Councilman Miller made a motion that the resolution be adopted, seconded by Councilman Taylor. T
<br />resolution was adopted by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 416 -74
<br />A RESOLUTION FINDING AND ADJUDGING
<br />THAT THE FINANCING OF FACILITIES FOR
<br />MILES DISTRIBUTING, INC., BY THE
<br />ISSUANCE BY THE CITY OF SOUTH BEND,
<br />INDIANA, OF ITS ECONOMIC DEVELOPMENT
<br />REVENUE BONDS PERTAINING TO SUCH
<br />FACILITIES FOR SUCH ENTITY WILL BE
<br />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 amended,
<br />supplemented or added to, including but not limited to the amendments, supplements or
<br />additions of IC -1973, 18- 6 -4.5, or any other amendments, supplements or additions
<br />thereto, hereinafter referred to as the "Act "; and
<br />WHEREAS, Miles Distributing, Inc. has filed an application with the Commission
<br />to finance the acquisition of real estate and the construction thereon of an industrial
<br />and commercial building (facilities) which will constitute economic development facilities
<br />resulting in a substantial number of new jobs as well as other benefits; and
<br />WHEREAS, in connection therewith the Commission has prepared and placed on file a
<br />report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5 and
<br />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 22, 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
<br />the proposed financing of such facilities for Miles Distributing, Inc., will be of
<br />benefit to the health or welfare of the City of South Bend, Indiana, and that,
<br />accordingly, this resolution should be adopted.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, that:
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