12-12-11 Common Council Meeting Minutes

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REGULAR MEETING DECEMBER 12, 2011 recommendation to full Council concerning this bill. Councilmember Varner seconded the motion which carried by a voice vote of nine (9) ayes. BILL NO. 79-11 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL FUNDS OF $54,000 FROM SOLID WASTE FUND (#610), ($54,000) FROM SOLID WASTE CAPITAL FUND (#611), $15,900 FROM PARKING GARAGE FUND (#601), $110 FROM 2006 SEWER BOND FUND (#645), $200,000 FROM SEWAGE WORKS SINKING FUND (#649) AND $239,100 FROM 2010 SEWER BOND FUND (#658) Councilmember LaFountain, Chairperson, Personnel and Finance Committee, reported that this committee met this afternoon on this bill and voted to send it to the full Council with a favorable recommendation. th 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 the Council passed the Enterprise Fund 2022 operating budget in 2010 (Ordinance No. 10046-10, passed on October 25, 2010) which included expenditures for various City Enterprise operations. It is now necessary to appropriate additional funds for operational and capital expenditures necessary for the City to effect provision of services to its citizens which were not anticipated at the time the City budget was adopted. Mr. Zientara further noted that new monies expended are available within existing cash balances of specified funds within City operations and do not represent a drain on current financial operations of the City. 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 Dieter made a motion for favorable recommendation to full Council concerning this bill. Councilmember Puzzello seconded the motion which carried by a voice vote of nine (9) ayes. BILL NO. 75-11 PUBLIC HEARING ON A BILL SUPPLEMENTING AND AMENDING ORDINANCE NO. 9722-06 AND ORDINANCE NO. 9968-09 PERTAINING TO THE CITY OF SOUTH BEND, INDIANA VARIABLE RATE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2007 (PEI/GENESIS PROJECT) (THE “BONDS”), APPROVING THE FORM OF, AND AUTHORIZING THE EXECUTION AND DELIVERY OF, A SECOND AMENDED AND RESTATED TRUST INDENTURE, A SECOND AMENDED AND RESTATED LOAN AGREEMENT AND OTHER DOCUMENTS RELATED TO THE BONDS AND AUTHORIZING PROPER OFFICERS TO DO ALL THEIR THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION THEREWITH AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO 16