03-28-88 Human Resources & Economic Development

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Qiiimmtttnn Et pert IIIo the Tlommon & mutt of tie (Ong of South &Iv): HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE The March 28, 1988 meeting of the Human Resources and Economic Development Committee was called to order by its Chairman Steve Luecke at 5:00 p.m. in the Council informal meeting room. Person in attendance included Councilmen: Luecke, Niezgodski, Soderberg, Puzzello, Slavinskas, Zakrzewski, Duda, Coleman, and Voorde; Jeff Gibney, citizen member, Don Inks, Beth Leonard, Ann Kolata, Jim Wensits, JoAnn Harper, Jon Hunt, and Kathleen Cekanski-Farrand. Councilman Luecke noted that the first item to be reviewed by the Commitee was Bill No. 9-88 which was a Bill to approve an amendment to the Industrial Revolving Fund of South Bend, Indiana, Trust Agreement. Mr. Don Inks, Director of the Division of Community Planning and Development then reviewed the Bill and the letter of March 25, 1988 regarding A.E. Piston, Inc. (copy attached) He noted that the Bill had been continued several times by the Common Council in light of the fact that the EDA had not given their approval. He noted that the Economic Development Administration has had this item since May of 1987. He advised the committee that he believes the City should go ahead with the Ordinance since the City has complied with all the requirements and was waiting for EDA action on the trust agreement. Councilman Luecke noted that if the EDA would not approve the Trust Agreement that in effect the $100,000. 00 would then act as a loan payment to the City. He further noted that it may result in a cash flow problem but would not result in any net loss to the City. Councilman Luecke further noted that the topic of annexation has been a topic of continuing discussion. He stated that because A.E. Piston has received certain State funds which were targeted to projects in non-incorporated areas, that annexation would not be pursued at the present time. Councilman Slavinskas noted that the training funds would require at least 75 employees and that the project currently has 63 employees. Following further discussion Councilman Coleman made a motion seconded by Councilman Slavinskas that Bill No. 9-88 be recommended favorably to Council. The motion passed.