06-13-2022 Agenda Packet - Laserfiche WebLink

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REGULAR MEETING May 9, 2022 5 20-22 PUBLIC HEARING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, SUPPLMENTING AND AMENDING ORDINANCE NO. 9722-06, ORDINANCE NO. 9968-09, AND ORDINANCE NO. 10142-11 PERTAINING TO THE CITY OF SOUTH BEND, INDIANA VARIABLE RATE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2007 (PEI/GENESIS PROJECT) (“THE BONDS”) APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A THIRD AMENDED AND RESTATED TRUST INDENTURE, A THIRD AMENDED AND RESTATED LOAN AGREEMENT AND OTHER DOCUMENTS RELATED TO THE BONDS AND AUTHORIZING PROPER OFFICERS TO DO ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION THEREWITH AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO. President Sharon McBride requested recommendation from the Committee of the Whole. Councilmember Canneth Lee stated Bill No. 20-22 comes to the full Council with a favorable recommendation. President McBride entertained a motion regarding Bill No. 20-22. Councilmember Lee motioned for passage. Vice President Sheila Niezgodski seconded. President McBride stated it has been moved and seconded and requests roll call. Clerk Jones responded with eight (8) ayes. President McBride stated Bill No. 20-22 has been adopted. RESOLUTIONS None BILLS ON FIRST READING None UNFINISHED BUSINESS Councilmember Henry Davis Jr. stated the city is in partnership with South Bend Community School Corporation and there have been talks of school closings which will affect the manner in how the city operates. Councilmember Davis stated if the schools are closing it will have an enormous change in the area. Multiple school closings will affect a whole side of town. Councilmember Davis stated this will impact the Council’s duties and suggests the Council should be a part of the discussion with South Bend School Corporation. Councilmember Davis stated that