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ORDINANCE NO. 5800 -75- <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND <br />TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS <br />AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO <br />DEZKAP THEATRE CORPORATION <br />WHEREAS, THE COMMON COUNCIL of the City of South Bend, <br />Indiana heretofore has created the South Bend Development Commission <br />hereinafter referred to as "Commission ", pursuant to the provisions <br />of the Public Law No. 182 of the Acts of the General Assembly of <br />Indiana for 1973, as such may be amended from time to time, <br />including but not limited to IC 18- 6 -4.5 =2 through IC 18- 6- 4.5 -28 <br />hereinafter referred to as the "Act "; and <br />WHEREAS, Dezkap Threatre Corporation an Indiana corporation <br />has filed an application with the Commission to finance the remodeling <br />and renovation of an existing facility which will constitute economic <br />development facilities resulting in a substantial number of jobs as <br />well as other benefits; and <br />WHEREAS, in connection therewith the Commission has prepared <br />and placed on file a report containing the subject matter as <br />specified in Section 16 of 1973, 18 -6 -4.5 and has forwarded copies <br />thereof to the Chairman of the Area Plan Commission and to the <br />superintendent of the School Corporation in the Area in which the <br />facilities will be located, and has timely received favorable reports <br />from each of them; and <br />WHEREAS, the Commission held a public hearing on the <br />proposed financing of such facilities on November 29, 1974, after <br />giving the required notice as provided for in Section 16 of Ic 1973, <br />18- 6 -4.5; and <br />WHEREAS, on the 27th day of January 1975 <br />this Common Council of the City of South Bend, Indiana adopted a ' <br />resolution pursuant to which such financing of such facilities for <br />