10-25-10 Common Council Meeting Minutes

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REGULAR MEETINGOCTOBER 252010 , bedrooms, two and one-half bathrooms, a great room, a dining room, first floor laundry, two car garage and large front porch. The lower level will have a recreational room, bedroom and a bathroom. The cost of the home is estimated at approximately $400,000. He noted that the total taxes abated during the five (5) year abatement period are estimated at $1,893. Total taxes to be paid during the five (5) year abatement period are estimated at $20,544. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Varner made a motion to adopt this Resolution. Councilmember White seconded the motion which carried and the Resolution was adopted by roll call vote of eight (8) ayes. BILL NO. 10-63 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, CONFIRMING AND APPROVING THE ISSUANCE OF RECOVERY ZONE FACILITY BONDS UP TO THE AMOUNT OF $31,750,000 TO DILLINGHAM HILL RE, LLC FOR THE CHASE TOWER PROJECT Councilmember Varner made a motion to continue this bill until the November 8, 2010 meeting of the Council. Councilmember Oliver Davis seconded the motion which carried by a voice vote of eight (8) ayes. BILLS – FIRST READING BILL NO. 66-10 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF CERTAIN ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE CITY’S SEWAGE WORKS, THE ISSUANCE AND SALE OF ADDITIONAL REVENUE BONDS TO PROVIDE FUNDS FOR THE PAYMENT OF THE COSTS THEREOF, AND THE COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF SUCH SEWAGE WORKS AND OTHER RELATED MATTERS Councilmember Varner made a motion to refer this bill to the Utilities Committee and set it for Public Hearing and Third Reading on November 8, 2010. Councilmember Oliver Davis seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 67-10 FIRST READING ON A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE EAST/WEST ALLEY BETWEEN LASALLE STREET AND COLFAX AVENUE LYING WEST OF SYCAMORE STREET, PORTAGE TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA Councilmember Puzzello made a motion to refer this bill to the Public Works and Property Vacation Committee and set it for Public Hearing and Third Reading on November 8, 2010. Councilmember Varner seconded the motion which carried by a voice vote of eight (8) ayes. 19