HomeMy WebLinkAboutCC-11-05-79 Econ.Dev./Anacomp RESOZUTION
THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA
WHEREAS, the City of Carmel, Indiana (the "City") is
authorized by I.C. 18-6-4.5 (the "Act") to issue revenue
bonds for the financing of economic development facilities,
the funds from said financing to be used for the acquisition,
construction and equipping of said facilities, and said facil-
ities to be either leased to another person or directly owned
by another person; and
WHEREAS, Anacomp, Inc. ("Anacomp"), an Indiana corpora-
tion, has by application advised the Carmel Economic Develop-
ment Commission and the City that it proposes that the City
loan proceeds of an economic development financing to Anacomp
for relocation of its corporate headquarters to the Fidelity
Building in Carmel, Indiana, said economic development facil-
ities to be building improvements and equipment acquisitions;
and
WHEREAS, it appears from the application of Anacomp that
the diversification of commerce and increase in job opportuni-
ties and payroll to be achieved by the Project will be of pub-
lic benefit to the health, safety and general welfare of the
City and its citizens; and
NOW, THEREFORE, BE IT RESOLVED by the Con~mon Council of
the City of Carmel, Indiana, that based upon the application
of Anacomp:
1. It finds and determines that the promotion of diver-
sification of commerce, job opportunities and payroll in and
near Carmel, Indiana, is desirable to preserve the health,
safety, and general welfare of the citizens of the City; and
that it is in the public interest that the Common Council of
the City of Carmel, Indiana, take such action as it lawfully
may to encourage diversification of commerce and promotion of
job opportunities in and near said City.
2. It further finds and determines that the issuance
and sale of revenue bonds of the City under the Act in an
approximate amount of $1,000,000 for the Project and the loan
of the proceeds of the revenue bonds to Anacomp will serve
the public purposes referred to above, in accordance with the
Act.
3. In order to induce Anacomp and to proceed with the
Project, the Common Council of the City of Carmel, Indiana,
hereby determines that:
(i) It will take or cause to be taken such
actions pursuant to the Act as may be required to
implement the aforesaid financing, or as it may
deem appropriate in pursuance ~h~reof; provided
that all of the foregoing shall be as authorized
by law and is mutually acceptable to the City and
Anacomp; and
(ii) It will adopt such resolutions and
authorize the execution and delivery of such
instruments and the taking of such action as may
be necessary and advisable for the authorization,
issuance and sale of said economic development
bonds.
4. All costs of the Project incurred after this
resolu-
~n~ construc-
acquisition, construction and equipping of the Project,
including reimbursement or repayment to Anacomp of moneys
expended by Anacomp, will be permitted to be included as part
of the bond issue to finance said Project, and the City will
thereafter loan the proceeds of the revenue bonds to Anacomp
for the Project.
PASSED AND ADOPTED,
this ~ ~ day of November, 1979.
Clerk- T~as~rer
COMMON COUNCIL OF THE CITY OF
CARMEL, INDIANA
the
1979,
Presented by me to the Mayor of t~e City of Carmel on
~ ~day of November, 1979, at the hour of ~: ~.m.
cl~r~-Tre~urer
Approved and signed by me on the ~ ~ day of November,
at the hour of ~ .'?~._~_,~.mo: