06-28-10 Common Council Meeting Minutes

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REGULAR MEETING JUNE 28, 2010 use and rental of the Palais Royale facilities. He stated that the repairs will be made to the historic stone work on the exterior of the Palais Royale building, and to reseal areas around existing windows, and to repair interior wall damage that was caused by water seeping into the building from around exterior historic stone work. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Oliver Davis made a motion for favorable recommendation to full Council concerning this bill. Councilmember White seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 32-10 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, TRANSFERRING MONIES FROM THE RAINY DAY FUND NO. 102 TO DEPLETED FUNDS WITHIN THE CITY OF SOUTH BEND Councilmember LaFountain, Chairperson, Personnel and Finance Committee, reported that this committee met on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. th Mr. Gregg Zientara, City Controller, 12 Floor County-City Building, 227 W. Jefferson Blvd., South Bend, Indiana, made the presentation for this bill. Mr. Zientara advised that due to delays in receipt of certain property tax revenue and State of Indiana revenue, it is necessary to transfer monies by June 30, 2010 from the Rainy Day Fund to three depleted funds in order to meet operational expenses. All funds will be paid back by December 31, 2010. The total amount to be borrowed from the Rainy Day Fund is $1,850,000. The cash balance in the Rainy Day Fund is currently $8,502,078. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Oliver Davis made a motion for favorable recommendation to full Council concerning this bill. Councilmember Varner seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 25-10 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AMENDING VARIOUS SECTIONS OF CHAPTER 2, ARTICLE 6 OF THE SOUTH BEND MUNICIPAL CODE PERTAINING TO TAX ABATEMENTS Councilmember Rouse made a motion to continue this bill until the August 9, 2010 meeting of the Council. Councilmember Varner seconded the motion which carried by a voice vote of eight (8) ayes. 7