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