12-12-11 Common Council Meeting Minutes

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REGULAR MEETING DECEMBER 12, 2011 Councilmember Rouse, Chairperson, Community and Economic Development Committee, reported that this committee met this afternoon on this bill and voted to send it to the full Council with a favorable recommendation. st Mr. Alan B. Feldbaum, Attorney, Barnes & Thornburg, LLP, 600 1 Source Bank Center, 100 North Michigan, South Bend, Indiana, made the presentation for this bill. Mr. Feldbaum advised that they are serving as bond counsel with respect to the modification of certain of the terms of Variable Rate Demand Economic Development Revenue Bonds, Series 2007 (PEI/Genesis Project) He stated that the purpose of the Supplemental Bond Ordinance is to authorize the execution of the Bond Documents for the purpose of making certain changes in the terms and provisions which care contained in the original Bond documents, including, among other matters, authorizing an additional interest rate mode for the Bonds. 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 Kirsits seconded the motion which carried by a voice vote of nine (9) ayes. BILL NO. 80-11 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING AN AMENDMENT TO ARTICLE III OF THE LEASE AND MANAGEMENT AGREEMENT BETWEEN STUDEBAKER NATIONAL MUSEUM, INC., AND THE CITY OF SOUTH BEND Councilmember Puzzello, Chairperson, PARC 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 Mayor Stephen Luecke, 14 Floor County-City Building, 227 W. Jefferson Blvd, South Bend, Indiana, made the presentation for this bill. Mayor Luecke advised that the City of South Bend entered into a Lease and Management Agreement with the Studebaker National Museum, Inc. (“SNM”) on August 12, 2005. This agreement set the conditions for the museum lease of the city owned building and established the relationship whereby the SNM would operate the museum under contractual agreement with the city. The original agreement expired on December 31, 2010. The parties SNM and City have continued their contractual Management Agreement on a month to month basis, and both parties desire to amend and renew the st Management Contract for another five (5) year terms. He stated that the terms of the 1 Amendment to the Lease and Management Agreement include: renewal of the agreement for a five (5) year term expiring December 31, 2015, with three (3) automatic options for five (5) year extension; set minimum annual management fee at $225,000 and the inclusion of standard e-verify and MBE contractual language. 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 Kirsits seconded the motion which carried by a voice vote of nine (9) ayes. 17