05-09-2022 Common Council Meeting Minutes (Signed)

Home Browse Search

REGULAR MEETING May 9, 2022 Councilmember Lee requested questions from the Council; Lee requests questions from the virtual and in-person public. Johnathan Thornton. 912 W Oak St. stated that he is vacating the property and in the process of buying the empty lot on the other side of the alley; Thornton inquired if the property in questions is next to 912 W. Oak St. Mike Rozycki responded with an illustration for the citizen; clarifies the correct alley. Sheila Vandewalle 908 Oak St requested clarification on location of her vacant lot and ask what the petitioner plans to do with the lot. Mike Rozycki responded that the citizen is four (4) lots east of the petitioned property; the current alley is not improved but overgrown grass. Sheila Vandewalle stated she is in favor of the bill. Councilmember Lee stated public hearing is closed; requests councilmember statements; Lee entertains a motion. Councilmember Eli Wax motioned to send Bill No. 15-22 to the full Council with a favorable recommendation. Councilmember Karen White seconded. Councilmember Lee requested roll call. Clerk Dawn Jones responded with eight (8) ayes. Councilmember Lee stated the motion carries. 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. Councilmember Canneth Lee requested the committee report. Committee Chair Sheila Niezgodski stated the Bill No. 202022 came out of the Personnel and Finance Committee with a favorable recommendation and sent to the Committee of the Whole. Council Member Lee requested the petitioner. Randy Rompola, Attorney with Barnes and Thornburg, 201 S. Main St. stated the ordinance amends the bond ordinance of 2007. Rompola stated this ordinance will change the interest rate in calculation indenture LIBOR and to remove the manufacturing entity, PEI Genesis as a borrower 7