06/25/07 Committee Meeting Minutes

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Utilities Standing Committee 2©07 South Bend Common Cauncii The June 25 , 2007 meeting of the Utilities Committee of the South Bend Common Council was called to order by its Chairperson, Council Member Ervin Kuspa at 3:05 p.m the Council's Informal Meeting Room. Persons in attendance included Council Members Puzzello, Varner, Rouse, Kuspa, Kirsits, White, and Kelly; Diana Hess, City Controller M. Catherine Fanello, Martha Lewis, Mrs. Kopola, J. Edward Talley, Jamie Loo of the South Bend Tribune and Kathleen Cekanski-Farrand, Council Attorney. Council Member Kuspa noted that the Committee members include Council Member Kirsits, Puzzello, Pfeifer and himself; and that J. Edward Talley is a citizen member. Council Member Kuspa noted that there was a quorum of the Committee. Bill No. 37-07 Ordinance Amending Ordinance No. 9672-06 Addressing Sewage Works: Council Member Kuspa called for a presentation on Bill No. 37-07 which would amend Ordinance Na. 9C72-06 which authorized the acquisition and installation of certain sewage works improvements; authorized the issuance and sale of additional revenue bonds to provide funds for such costs; and the collection, segregation and distribution of revenues (copy attached). City Controller M. Catherine Fanello made the presentation. She noted that Assistant City Attorney Aladean DeRose was to make the presentation, but that she would present the Bill in her absence. Ms. Fanello stated that Attorney Randy Rompola of Bakers Daniels drafted the proposed Bill. Sewage works bonds not to exceed $56,380,000 were authorized by Ordinance No. 9672-06 and were sold to the Indiana Bond Bank pursuant to the State Revolving Loan Program. The proposed amendments would relate to obtaining the consent of the Indiana Finance Authority and a formal recognition from a security perspective. Ms. Fanello noted in response to a question from Dr. Varner that this was basically a security posting. No one from the public spoke in favor or in opposition to the Bill. Council Member Puzzello made a motion, seconded by Citizen Member Talley that Bill No. 37-07 be recommended favorably to Council. The motion passed.