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REGULAR MEETING MARCH 28, 2011 <br /> Councilmember Rouse stated that a brochure may be found on the railing in the Council <br /> Chambers explaining those procedures. <br /> PUBLIC HEARINGS <br /> BILL NO. 75-10 PUBLIC HEARING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA, AMENDING SECTIONS 2-8 <br /> AND 2-10 OF CHAPTER 2, ARTICLE 1 OF THE <br /> SOUTH BEND MUNICIPAL CODE <br /> ADDRESSING PROCEDURES GOVERNING <br /> THE COMMON COUNCIL <br /> Councilmember White made a motion to continue this bill until April 11, 2011 meeting <br /> of the Council. Councilmember Oliver Davis seconded the motion which carried by a <br /> voice vote of nine (9) ayes. <br /> BILL NO. 86-10 PUBLIC HEARING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA, AMENDING CHAPTER 14.5, <br /> ARTICLES 1 AND 2; ADDING ARTICLE 4 OF <br /> THE SOUTH BEND MUNICIPAL CODE <br /> ADDRESSING AFFIRMATIVE ACTION <br /> PROCEDURES <br /> Councilmember Dieter made a motion to continue this bill until April 11, 2011 meeting <br /> of the Council. Councilmember Oliver Davis seconded the motion which carried by a <br /> voice vote of nine (9) ayes. <br /> BILL NO. 07-11 PUBLIC HEARING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA, APPROPRIATING THE SUM <br /> OF $2,000,000 FROM MAJOR MOVES FUND <br /> (#412) AND THE SUM OF $400,000 FROM <br /> SEWAGE WORKS CAPITAL FUND (#642), FOR <br /> TOTAL APPROPRIATION OF $2,400,000 FOR <br /> THE PURPOSE OF INFRASTRUCTURE <br /> CONSTRUCTION AT THE TRIANGLE <br /> PROPERTY PROJECT SITE <br /> Councilmember Varner, Chairperson, Public Works and Property Vacation Committee, <br /> reported that this Committee met this afternoon and it was the consensus of the <br /> Committee to send this substitute bill to the full Council with no recommendation. <br /> Mr. Gregg Zientara, City Controller, 12th Floor County-City Building, 227 W. Jefferson <br /> Blvd., South Bend, Indiana, made the presentation for this bill. <br /> Mr. Zientara advised that this substitute bills amends certain language omitted from the <br /> original bill. The omitted language is contained in Section III., of the substitute bill, <br /> whereby "the monies appropriated within this ordinance from Major Moves Fund (#412) <br /> will be repaid from TIF Northeast Residential Fund (#436)to the Major Moves Fund <br /> (#412) beginning in fiscal 2012, with a principal and interest payment commencing <br /> August 15, 2014 and ending February 15, 2029. Interest will accrue from the date of <br /> appropriation. Mr. Zientara stated that this language added to the bill will ensure that the <br /> desired infrastructure improvements are paid for by TIF financing and to secure <br /> repayment from the TIF district to the Major Moves fund. <br /> 2 <br />