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REGULAR MEETING SEPTEMBER 28, 2009 <br /> <br /> <br /> <br />BILLS – FIRST READING <br /> <br />BILL NO. 77-09 FIRST READING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND APPROPRIATING $1,148,607 FROM THE <br /> COMMUNITY DEVELOPMENT FUND (FUND <br /> 212) FOR THE HOMELESS PREVENTION AND <br /> RAPID RE-HOUSING PROGRAM (HPRP) FOR <br /> THE PURPOSE OF DEFRAYING THE <br /> EXPENSES OF THE DEPARTMENT OF <br /> COMMUNITY AND ECONOMIC <br /> DEVELOPMENT OF THE CITY OF SOUTH <br /> BEND, INDIANA, AND DESIGNATED <br /> SUBGRANTEE AGENCIES FOR THE <br /> PROGRAM YEAR BEGINNING, AUGUST 19, <br /> 2009, TO BE ADMINISTERED THROUGH THE <br /> DEPARTMENT OF COMMUNITY AND <br /> ECONOMIC DEVELOPMENT <br /> <br />This bill had first reading. Councilmember Puzzello made a motion to refer this bill to <br />the Community and Economic Development Committee and set it for Public Hearing and <br />Third Reading on October 12, 2009. Councilmember Varner seconded the motion which <br />carried by a voice vote of nine (9) ayes. <br /> <br /> <br />BILL NO. 78-09 FIRST READING ON A BILL <br /> SUPPLEMENTING AND AMENDING <br /> ORDINANCE NO. 9722-06 WHICH <br /> AUTHORIZED THE ISSUANCE AND SALE OF <br /> THE CITY OF SOUTH BEND, INDIANA <br /> VARIABLE RATE ECONOMIC <br /> DEVELOPMENT REVENUE BONDS, SERIES <br /> 2007 (PEI/GENESIS PROJECT), ISSUED ON <br /> JANUARY 30, 2007 IN THE PRINCIPAL <br /> AMOUNT OF $8,105,000 (THE “BONDS”), <br /> APPROVING THE FORM OF, AND <br /> AUTHORIZING THE EXECUTION AND <br /> DELIVERY OF, AN AMENDED AND <br /> RESTATED TRUST INDENTURE, AN <br /> AMENDED AND RESTATED LOAN <br /> AGREEMENT AND OTHER DOCUMENTS <br /> RELATED TO THE BONDS; AUTHORIZING <br /> THE DELIVERY OF A CONFIRMING LETTER <br /> OF CREDIT AND THE EXTENSION OF THE <br /> MATURITY DATE OF THE BONDS; AND <br /> AUTHORIZING PROPER OFFICERS TO DO <br /> ALL OTHER THINGS DEEMED NECESSARY <br /> OR ADVISABLE IN CONNECTION <br /> THEREWITH AND APPROVING AND <br /> AUTHORIZING OTHER ACTIONS IN RESPECT <br /> THERETO <br /> <br />This bill had first reading. Councilmember Puzzello made a motion to refer this bill to <br />the Community and Economic Development Committee and set it for Public Hearing and <br />Third Reading on October 12, 2009. Councilmember Varner seconded the motion which <br />carried by a voice vote of eight (8) ayes and one (1) nay (Councilmember Henry Davis, <br />Jr.) <br /> <br /> <br /> <br /> <br /> 18 <br /> <br />