10-12-09 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETINGOCTOBER 12, 2009 funding is allocated for communities to provide financial assistance and case management services to prevent individuals and families from becoming homeless, and to help those who are experiencing homelessness to be quickly re-housed and stabilized. Ms. Meyer noted that additionally the memo indicated that the City would allocate to the appropriate agencies working with its Continuum of Care. The approved amendment indicated that the City would conduct an application process for the allocation of these funds. She stated that four applications were received with four being recommended for funding those being Dismas, Inc.; the Center for the Homeless, Inc.; Youth Service Bureau of St. Joseph County, Inc.; and Madison Center. She noted that there will be only one point of entry into this program related to the provision of financial assistance. That point of entry will be the Center for the Homeless. For that reason the Center’s funding level includes the dollars for the financial assistance service. She stated that Grantees will have approximately 36 months to use the funds with all funds being spent no later than July 19, 2012. This being the time heretofore set for the Pubic Hearing on the above bill, proponents and opponents were given an opportunity to be heard. Councilmember Henry Davis asked if there were any programs like this and what their percent of success was. Ms. Meyer advised that this program is derived from new stimulus monies and that she doesn’t have anything to compare it to. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Dieter made a motion for favorable recommendation to full Council concerning this bill. Councilmember Oliver Davis seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 78-09 PUBLIC HEARING ON A BILL SUPPLEMENTING AND AMENDING ORDINANCE NO. 9722-06 WHICH AUTHORIZED THE ISSUANCE AND SALE OF THE CITY OF SOUTH BEND, INDIANA VARIABLE RATE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2007 (PEI/GENESIS PROJECT), ISSUED ON JANUARY 30, 2007 IN THE PRINCIPAL AMOUNT OF $8,105,000 (THE “BONDS”), APPROVING THE FORM OF, AND AUTHORIZING THE EXECUTION AND DELIVERY OF, AN AMENDED AND RESTATED TRUST INDENTURE, AN AMENDED AND RESTATED LOAN AGREEMENT AND OTHER DOCUMENTS RELATED TO THE BONDS; AUTHORIZING THE DELIVERY OF A CONFIRMING LETTER OF CREDIT AND THE EXTENSION OF THE MATURITY DATE OF THE BONDS; AND AUTHORIZING PROPER OFFICERS TO DO ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION THEREWITH AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO Councilmember Rouse, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. 3