County Commissioner Resolutions - November 2000ti
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RLSOLUTION \O. 2000- b
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A RESOLUTIO\' APPROVING CL'RTAIN POLLU"I�ION CO\'TROL Fr\CILI"f1ES. TH�
ISSUA\'CG B1' THE COU\�"l�1' Of� GIBSON. INDIANr\. OF ITS POLLUTIO\ CONTROL
REVENUI3 BONDS (T01'OTA \•fOTOR ��IANUFACTURING, l\rDIA\iA, PROJECT), I\' O\'E
OR \40RE SERIES. AND THE PLr\\' OF FINA\�CING. A\iD APPROVI\'G A\iD
AUTHORIZING OTHER ACTIO\S 1\ RESPECT THERETO.
�1'1-IEREAS. the County of Gibson, [ndiana (the "County"), is authorized by Indiana Code
36-7-11.9 �nd 36-7-12 (collectively. the "Act") to issue revenue bonds under the Act for pollution
con[rol facilities (as defined in the Act) to accomplish the purposes of the Act, and [o make a loan
of the proceeds from such bonds to a user (as defined in the Act) for the cost of acquisition.
construction or installation of pollution convol facilities, ���ith such loan to be secured b�� the pled�e
of an obliaation of such user. and
\\JI-IEREAS. the .Act defines "pollution control facilities" to i��clude facilities lor [he
abatemen[, reduction or prevention of pollution, or the removal or treatment of am� substances in
materials begin processed that othern�ise ��-oidd cause pollution when used; and
�1J1-IEREAS, the Act provides that the financin� of pollution control facilities that promote
a substantial likelihood of the abatement. reduction or pre��ention of pollution. or the remo� al or
treatment of substances in materials bein� processed that othenvise ��=oidd cause pollution ��hen
used; serves a public purpose and �vill be of benefit to the Itealth or general �velfare of the unit
proposing to issue bonds for the financino or of the wiit ���here the facilities that are to be financed
are located: and
WF{EREAS. To}�ota Motor Manufacturina; Indiana. Inc.: an Indiana corporation (such
corporation or any affiliate thereof, "To��ota `) � has advised the Gibson Cowity Economic
Development Commission (the "Commission `) that it proposes that the Counn� issue re� enue bonds
under the rlct for pollution control facilities to accomplish the purposes of the r1ct, and to make a
loan of the proceeds from such bonds to Tovota for the cost of acquisition. construction and
installation of certain pollution control facilities, ���hich pollution control facilities ���ill consist of
solid ���aste disposal facilities and se�rage disposal facilities. including s��stems constructed or to be
constructed for the purpose of collection. treatment. storage, processing, disposal or recvcline of
���aste, including industrial se���age, solid ���aste and other plant emissions, includii�o stamping ��aste,
body shop ���aste. �veldin� shop ���aste, assembh� area �vaste. paim shop ��aste. parts fabrication
���aste, and other industrial ���aste produced bv manufacturing operations, �vhidi s��stems include. but
are not limited to. a��aste���ater collection and transfer s��stem. a«aste���ater treatment s��stem.
stampine area ���aste svstems. ���elding shop �vaste s��stems. �ssembh• shop ���aste systems, paint shop
���aste s��stems and other plant ���aste s��stems, to�ether �vith am� functionall�� related and subordinate
facilities, includine pipine; pumps. ��al��es, morors, ducts. lightin� and safetv equipment; mechanical
and electrical auailiaries. related plant infrastructure, controls and instrumentation. related structures
and structural components, associated site de��elopment, land and other facilities necessary or
appropriate to the operation or maintenance of such solid ��aste disposal facilities and se�r'age
disposal facilities, and am� replacements or substitutions for such solid ���aste disposal facilities and
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sewa�e facilities, ��fiich solid ���aste disposal facilities and se���a�_e disposal facilities ���ill be o���ned
and operated b�� To��ota and located at =1000 Tulip Tree Drive. Princeton. Indiana =17670 (such
pollution control facilities. the "Projecr'); and
\1'HEREAS, this 13oard of Commissioners desires that the Coimn� issur its Counn• oti
Gibson, Indiana, Pollution Control Re��enue Runds (To��o[a A9otor A9anu��cturim�. lndiana. Pr�ject).
in one or more series. in an ae��re!�ate principal amount not to e�ceed Si�n \�lillion Dollais
(560.000,000) (the °Bonds `). to tinance the cost of acquisition. consvuction and installation of� the
Project (the '`Pla�� of Financing''); and
W'FIEREt\S. the Commission conducted a public hearing on the Project auid the issuance of
the Bonds on No��ember�, 2000. pursuant to Indiana Code Section 36-7-12-2�4 and Section l�7(tj
of the Internal Revenue Code of 1956. as amended: no�v, therefore:
BE I"t� RESOLVED 131' "CHE BOARD OP CO\9\-11SSIONERS OP THG COU\�Tl' OP
GIBSO\'. I\'Dlt\NA:
SECTIO\' l. This I3oard of Commissioners hereb�� ratifies and appro��es the
appointment of the Commission to conduct a public hearing on the Project amf, the
issuance of the Bonds and [he Plan of Financine.
SECTION 2. The Bo1rd ofConunissioners herebv appro��es the Project. the issuance
of the Bonds and the Plan of Financine.
SECI�IOV' 3. "I�his Resolution shall be in full force and effect upon adoption and
compliancc ��=ith Indiana Code Section >6-2-4-5.
The fore�oing �vas passed by'l�he Board ofConunissioners of the Count� of Gibson. Indiana. [his
� da�� of \'o��ember, 2000.
Atrest:
Cou �� Auditor
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Pc�sidin_ Officer
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JERRY D. STILWELL
TO:
FROM:
DATE:
SUBJECT
�ttomev at Law
%SEMOx�rrDVia
Mr. Ken Gr�ub21, Gibso-� County Audi�or
Je�-y D. S�il;✓ell
i4o��ember 10, 2000
?ollu�ion Con�-o1 Recenu= Bonds
3ob3
302 NORTH PRINCE STREET
PRIXCETO\, I\DG1\A 47670
TELEPHONE: (B121 386�6482
FAX: (812) 386-6480
DEdY K�n:
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OI L.R2 C1DS0'! COUP.�V CO?iL•'i11S510Clci-S L.R2 i0� IOW1T!Q:
d. R°SO�L'L10!? dj��LOvi•'?CJ C2T�d'_P PO!IULlOP. CO*?LSO! ='�C1�1L1cS
and issuance of ?ollu�ion Control Recenue Bonds �or �oyoc�
Mo�or Manuiac�ur-ng Indiana projec�.
lf?a*!�CS.
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