page0083

Description:	april 23 1987 city of terre haute 83 whereas terre haute development corporation plus any other person partnership or corporation created by or acting for terre haute development corporation together with their respective assigns and successors the applicant has advised the common council of the city of terre haute indiana and the city that it proposes that the city either acquire construct or equip certain waste and sewage disposal facilities the proposed facilities will consist of land buildings and equipment as set forth on schedule i to this resolution for the disposal of sewage and solid wastes at a site located near the intersection of south first street and prairieton road in terre haute vigo county indiana the waste disposal project and whereas the land buildings and equipment as set forth on schedule i to this resolution will be owned or leased by the applicant but will be used by international minerals & chemical corporation pursuant to one or more written agreements to be approved by the terre haute economic development commission and the city and whereas the construction and equipping of the waste disposal project is necessary so as to permit the expansion of the manufacturing facilities at such plant and the attendant diversification of industry and increase in job opportunities approximately 80 new jobs at the end of three years with an estimated payroll of 4,400,000.00 to be acheived by the acquisition construction and equipping of such manufacturing facilities will be of public benefit to the health safety and general welfare of the city and its citizens and whereas having received the advice of the members of the terre haute economic development commission it would appear that the financing of the waste disposal project would be of public benefit to the health safety and general welfare of the city and its citizens and whereas acquiring constructing and equipping of the waste disposal project will not have an adverse competitive effect on any similar facility already constructed or operating in or near the city now therefore be it resolved by the common council of the city of terre haute indiana that 1 it finds and determines that the control and the disposal of sewage and wastes in and near the city is desirable to preserve health safety and general welfare of the citizens of the city and that it is in the public interest that this council and the city take such action as it lawfully may to encourage diversification of industry and promotion of job opportunities in and near the city 2 it further finds and determines that the issuance and sale of one or more issues of revenue bonds of the city under the act in an aggregate amount not to exceed ten million dollars 10,000,000.00 to be issued on a tax-exempt basis for acquiring construction and equipping of the project and the sale or the leasing of the waste disposal project to the applicant or the loan of the proceeds of the revenue bonds to the applicant for the acquiring construction or equipping of the waste disposal project will serve the public purposes referred to above in accordance with the act 3 in order to induce the applicant to proceed with acquiring constructing or equipping of the waste disposal project this council hereby determines that i it will take or cause to be taken such actions persuant to the act as may be required to implement the aforesaid financing or as it may deem appropriate in pursuance thereof provided that all of the foregoing shall be mutually acceptable to the city and the applicant 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 nesessary and advisable for the authorization issuance and sale of the said waste and sewage disposal bonds 4 all costs of the project incurred after adoption of such a resolution of the common council of the city including reimbursement or repayment to the applicant of monies expended by the applicant for application fee planning engineering interest paid during construction underwriting expenses attorney and bond counsel fees and acquiring constructing and equipping of the project will be permitted to be included as part of the bond issue to finance the project and the city will thereafter sell or lease the same to the applicant or loan the proceeds of the revenue bonds to the applicant for the project adopted this 23rd day of april 1987 rose oneal-dixon presiding officer attest charles p hanley city clerk presented by me to the mayor this 23rd day of april 1987 charles p hanley city clerk approved by me the mayor this 23rd day of april 1987 p pete chalos mayor attest charles p hanley city clerk
Source:	http://indstate.contentdm.oclc.org/digital/collection/cth/id/143
Collection:	City of Terre Haute

Further information on this record can be found at its source.