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eCITY OF SOUTH BEND I OFFICE OF THE CLERK Ms. Futa replied, Yes and we are participating. We have all of our materials out there. We have a little video that went with our email requests and it looks good. I like it. Councilmember White stated, I was at the LaSalle Branch on Tuesday and I was just amazed at the number of kids. It is fabulous and I can't describe it. They were using the terminals and I was made aware that, and you had made mentioned, a number of the libraries are actually providing food. Ms. Futa replied, We have received thank you letters from those kids. We were made aware that a lot of those kids don't eat until they get home a lot of those kids stay until closing. Councilmember Broden asked, What does this action bind on future Councils? What is the precedence of that and is there any need to go back at this prior to 2022. Mr. Faccenda replied, If you take this action tonight, there are no additional public steps that need to occur. So there is a contract saying the City will do x,y and z, and that is the MOU. If you approve the bond issue, there are no additional steps that need to be done to issue the bonds. If somebody doesn't want to sign bond documents in three(3)years it would be hard for us to enforce that but all the actions are in place and there is an agreement that says you are going to do it. Committeemember Davis interjected, What would be the reverse? Mr. Faccenda replied, I hope I understand your question. You're asking if they would be required, would the City be required to move ahead with the issuance of the bonds? Committeemember Davis replied, That is correct. Another Council cannot overturn this action. Given the fact that there is going to be a three (3) year lag, could somebody else come along and change that? Mr. Faccenda replied, If the question becomes amending a bond ordinance, yes,they could. Could a future Council amend a bond ordinance? They could. You still have a contract in the MOU and the MOU says you will provide x number of dollars to the project. So whether you decide to fund it with these exact TIF funds or if a future Council decides to do it some other way, they still have to come up with the $4 million. Committeemember Davis stated, Cool. Committee Chair Ferlic then opened the floor to members of the public wishing to speak in favor of or in opposition to the legislation. There were none. He then turned the floor back to the Committee for further comment or main motion. Committeemember Davis made a motion to accept the Substitute version of Bill No. 60-18. Committeemember Sharon L. McBride seconded this motion which carried by a voice vote of three(3) ayes. Committeemember Davis then made a motion to send Substitute Bill No. 60-18 to the full Council with a favorable recommendation. Committeemember Sharon L. McBride seconded this motion which carried by a voice vote of three (3) ayes. EXCELLENCE ACCOUNTABILITY INNOVATION j INCLUSION EMPOWERMENT 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f 574.235.9173 110574.235.5567 www.southbendin.gov 6