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Home My Public Portal About050-1983 - Revenue Bonds - Wayne Dairy ProductsURO I NANCE AL 1 M IF i I N, THE CIS. OF UMMP lK KKK ITS WONONLU DEVaMMM REUM K=q, Mo MKS (WAYS -AIRY FRODUCTS, ENV. PWAKU)" AMOVK? OTHEY ACTIM ly RFSpf(T FUEREI(I 0 WRAo �. ni chownd Economic beva 1 opment Coon i ssiun was randorpc i tS J (,c c,,po r 1 or tne. V%layne Wh v Prod uc t s , I ac . Pro i cc r r'=vv Q ; n 7 L n, 11 0 proposed r con- j c oevelopr-nU lacAMus Lou QA,-- 1 N 1 pllun, CommiSA01 has coKvnl lawval on; an6 �ls. F A e 1� C i j o;? J L C 0 n 0 P 1 L C DeVAUPMW QMWA -0 MnVUCCUO 4 rovb ?. ... i_ t_l ." ('rT, E: IC L L V,: C n W �ICK_DW Vc �ln 1W, 1 jq nelvlplcl: Ann omen! , WILq0go and Sccuri: v AgrvemenL, LO a, Loan Aqrnpmem vcrt4�r,, JU_ A CAI LV qvIuMuPE ( "'a W no I Inho n- U. onn"V) Wed jqTy 1 Q 3 Q/ 7 ay. fj rr t VPIWj ( M�VLA Urnnt 1 "Y : ' Xn t , P- 1 q-Kp�or, ei ! t ugt C n i"R Vuri.;czi Ir""r i.vvro"!; now tr-Intor'' PHAT7 51 i 1 ,QFP BY 'ME QW, N GAACIL OF IER GI (A RIC"W&P, WTAN, Sect ivA I. Th- proposed economic duvel,onent tockin,, w1W o(W&t of nr makinq of aNwio-W to wdvne Pairy Products, !H:, ium PI Uca on ; 1 at 1 .10 nA , 1 1-< i , ypsq, .1 W 2 t S n�Qn"I�,j v 0 �7 V Ap;rPxi-nA4 2,11) �rw 1P, 1 �76 ,ro-ilii: ninjAchal "IcninFiv and Pq"I,WtPr W '- Wrofnd th,ronN. 1, i (WAn 1 :,at LP,- : hNInCLIV 07 Z 11 -UPPOM i i. AUVAOPMOnt !0C3 Itni Mrfrr,n to 5 Ona 01M :P-IPMPVIM 1O21U AV'rn-700t, lvproven Kv Wn Rlc. !CwWmic P,WUNrv,nV Unrission .-a prcstrund t rMis (W�np UOUAA1, tW J-.Spn Oyu 00 �v 1 vkkun W�. , H" IW&V i En. pro, -Y, S of th, rc",�u� WKS to avF- W;r.- rr(�wcry, M�. imn . or to, FiLSL Sappionnnwi loan Agreopont, Y0rQngv Y& : a C v r L v krcamcr t , i u 1 D, S'Cuf!"A 01 KAd honos h- it. q"7Lnvgin;r I " U C 1 i i 1 1 n b Ono PI r! 0 r y TVA_L I"j PWIV opmAirs VAL tw- 14riusus ::'F" TZ. AO-NII nKI �11: v >c 1 1 1 Kit ;V1 WA 10:p of vc a" t y 0 : t no SqWWLiA 1.1 1 Mal . 6-W CA L ArSt Kral, 1 n I, t, o ktv, Trust Indenture approved by the Richmond Economic Development Commission are hereby approved (herein collectively referred to as the "Financing Agreement" as defined to in I.C. 36-7-12), and all such documents shall be incorporated herein by reference and shall be inserted in the minutes of the Common Council and kept on file by the Clerk. In accordance with the provisions of I.C. 36-1-5-4, two (2) copies of all such documents are on file in the office of the Clerk for public inspection. Section 4. The City of Richmond shall issue its Economic Development Revenue Bonds, 1983 Series B Bonds (Wayne Dairy Products, Inc. Project), in the total principal amount not exceeding Three Hundred Fifty Thousand Dollars ($350,000.00) and maturing not later than December 2, 1998, for the purpose of procuring funds to pay the costs of construction and equipping of the economic development facilities as more particularly set out in the First Supplemental Indenture of Trust and First Supplemental Loan Agreement, Mortgage and Security Agreement incorporated herein by reference, which bonds will be payable as to principal, premium, if any, and interest from the payments made by Wayne Dairy Products, Inc. under the First Supplemental Loan Agreement or as otherwise provided therein and in the above described First Supplemental Indenture of Trust. The bonds shall be issued in registered form, may be issued in denominations of $500.00 or a multiple thereof, and shall be redeemed as provided in the First Supplemental Trust Indenture. Payments of principal and interest are 3 -110C of Mo MntCO ar L j —nhcl P st -r C": Q Cr Craft - AP 4v aw, mb, A. 01 Kicnwovd, nor Irc rhw OV vp �:-41'p MCI n! CI inz - rcm p"I Ln; no q t 1 UP 0 n L 1 PI t A At L r.�cw 11 mWel psi on t pXCL(K 421 ,,1 t MDnouacca nv "o >w on Nat Oro I Mrk 61 viahl_pnm, kovpMaY, nt_wn, DAL KWOSS U. lh anu aL a pr ice i nu ic,w fh.n 10YA i ! th, joiwiutil U00UM Tn,rcC:!. aucomp 0. Avvor nno Qoyk qyc wqth;r0tW Pnd .ir,ytcj tc; OXCLUM, bt , 3 t f x w mpr i pr n"T IL-KRZ i h� clr�upiny �,Ot nopr, led P&It in .Ii ;,; , ri � t. -_'L il! ., !�Iw"qt I t 11 lui>aul 1"p, 1w y 41. �,rwv vxpr-qX!' �Mhcri?�n C- -As r 0 ps kopyLAUCIP E '" ! k c4n CC ON !nhj or�L 1 n C1 rm o. 1 L r ado it ions N 0 a cope iW11MV midoncep "V tne yxent to! 3r'G. attestaLior rncrcA nK thp Af imm of tpr scat thrpto or the imDri sL in- S t' a w, t V3 SICk MA L 1 i Cal )T_ a it i an sun zh�n4o rhn pn? in w ur i nb 1 r� an! wi, �PL,icst r o t of L [.'_ " � ! :! .-! Ct'U!'iI - _ I : i ': , .1 1 i WiLWOML OrMul if "TM( Co7VOK. Me Sipnotm,n a! LK, dmvor mK Cicr� M ALK r TiAnU�! !ACSIMPr Ayn�L,YPA. 1 it a! L qpm� mmus t pw"p ;p L�- 1;r,t onlon-ntn nNnpt or- ranj , ; qvT -nr tor 1 DC n .q, L n tn" QnSt, 0 rM 00 n FL� 1 VrYL >it, PI CP PntL I f Pa,Ut wl,' 01 Trrs! 00A -0 1 nvcn priVYPL';.'� 1-!!c }', 5U wi 1 1 �0 M N&I ( _ 1 Enc rqn5t to A,PLV:_nnrS CnCrOOI. it nNyor Nsd (1cra shall ezvwtv and Lnlew Swali Vllv-y ck._ hunds M th .I " S t a c wi t ri j n i-I i 11, t v __ t � t _'!t 1, ) , -k. 1, ,: 1 A tpiwralnawa' 'A- nrnmF >hall Lo Ar- the dnt� 01 K( jilpro. L n rev i_:_ OPS r'' 1;"Hc p anti Supploo"PLA Irks[ lan.pturc ncuring in. r-Fdv shnil oonAituti n mmrnct VAN; Pory .r P" j - to i Qjcpmond aro toe nAcwrs ol th- 1 i mT�P! , ! nd 1 ana V ccnnmic KVV0 : U jymn t Q VV pw y 00, 1 , ; " � -- r ; c 1 0 ON- LOA Ar 0 T L Ka in S a on 2 if I a i� Or nOY , this nyd w an _ sho i P, be ri l i c i pi : o, ir S�v rnspeCL WHICH A -Ulu aIX vTKM� �j 1, z, �K. ri_nty ot su:p wido rq w L�Vg nv �m 01 said 50nas or the inmrcst vp�icop rpman& �npaw. I i ! L .- r I L -- i i , II.' , i �, �:., '. h c' ' 'c \ T , RESOLUTION RICHMOND ECONOMIC DEVELOPMENT COIVMMISSION RICHMOND,' INDIANA BE IT RESOLVED BY THE RICHMOND ECONOMIC DEVELOPMENT COMMISSION THAT: Section 1. The proposed economic development facilities will consist of the making of additional improvements to Wayne Dairy Products, Inc. dairy/food processing plant located at 1510 N.W. llth Street, Richmond, Indiana, by expanding its hardening room by approximately 3,300 square feet and providing additional machinery and equipment to be located thereon. Section 2. It finds that the proposed Three Hundred Fifty Thousand Dollars ($350,000.00) financing of economic development facilities referred 1 to in the Financing Agreement (as defined in the MinuCes) presented to this meeting for Wayne Dairy Products, Inc. complies with the purposes and provisions of I.C. 36-7-12 and will be of benefit to the health and welfare of the City of Richmond and its citizens. Section 3. The substantially final forms of the First Supplemental Loan Agreement, Mortgage and Security Agreement and the First Supplemental Trust. Indenture and a proposed form of Ordinance for the Common Council presented to this meeting are hereby approved. Section 4. It did consider whether the proposed economic development facilities will have an adverse competitive effect on any similar facilities, and now states the following special findings of fact based upon the evidence presented: (1) No members of the public objected to the financing of the proposed economic development facilities; and (2) The business of Wayne Dairy Products, Inc. has increased substantially since the construction of its facilities at 1510 N.W. llth Street, Richmond, Indiana in 1977 and the facilities must be expanded in order to meec the growing demands for its products and compete in the market place. Since the expansion is to the existing facilities presently cons_ructed, no other facility is suitable for use by Wayne Dairy Products, Inc.; and (3) That this facility is located within the corporate limits of the City of Richmond, Indiana and that there are no other dairy/food processing facilities located within the corporate limits of the City of Richmond, Indiana; and that the product line of Wayne Dairy Products, Inc. is more expansive than the product line of any other dairy/food processor located in the County of Wayne, State of Indiana; and (4) The proposed economic development facilities will not have an adverse competitive effect on any similar facilities already under construction or in operation in the City of Richmond, Indiana. Section 5. The Secretary shall initial and then insert a copy of the forms of documents approved by this Resolution in the minute book of this Commission. 2 Section 6. A copy of this Resolution and the other form of documents approved by this Resolution and the proposed form of Ordinance shall be presented in their substantially final form by the Secretary of the Economic Development Commission to the Clerk for presentation to the Common Counc it . Adopted this 17th day of October, 1983. RICHMOND ECONOM11 DEVELOPMENT COI"IKISSION i Wilbur C. nomas, President Arthur M. Vivian, Secretary 3