1991-03-08 Resolution 34 - Laserfiche WebLink

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RESOLUTION NO. 34 • A RESOLUTION. OF THE.. SOUTH BEND., INDIA~;A., REDEVELUPMENT A'JTHORI.TY. EXPRESSING I.TS INTENT TO EXPAND STANLEY_COVELESKI_ REGIONAL STADIzJM rGR THE PURPOSE OF BRINGING A TRIPLE-A FR.ANCHISE.TO THE... CITY. OF SOUTH BEND WHEREAS,. an application has been: filed with.. the: Triple.-A Baseball. Expans:ian Committee:-(Comm:i.tt?e} to awarda_Triple:-A Franc.h.se to the:. City of South Bend.; and... WHEREAS, the. City of South Bend. has.. been placed on a "must.. perform'' list.. to meet. the:. objective criteria..established by the. Committ:e:e by March_31, 1991.;. and,. WHEREAS., one (1} of the criteria established by the Committee. is. to have. a stadium.wth....a seating capacity for ten. thousand (10,o0o} fans. by tree 199.3. Baseball. Season; and. WHEREAS, a Citiz.en's Aduisory Commi.tte.e Chaired by'Judge John Montgomery has recommended to the Mayor that the expansion of Stanley Coueleski Regional Stadium be ac.camplisherl_by adding seating: al.ang each. foul. line.; and_ • WHEREAS,. the.. financing. of said Stadium. can be accomplished by a Lease-Purchase Bond Issue Without. an additional .levy of. property taxes. by prudent use of enhanced.. Triple:-A Caueleski reuenues; and. WHEREAS,. it is the specific intent of the South Bend..: Redeyelapment Authority, in conjunction_wi.th the Sauth_Bend, Indiana,. Redeueloprnent Commission and the Common Councl_of the ..City of South. Bend. to take the approprat.e action under Indiana State Law to finance the..construct,ion of an expansion of Stanley Covel.eski Regional Stadium to. a seating capacity for ten thousand (1Q,aa0) fans... NOW THEREFORE BE IT. RESOLVED.. BY THE CLTY OF SOUTH BEND. REDEVELOPMENT'AUTHORLTY_,. AS FOLLOWS: Section I. That it is in the beat interes of the City of Sauth_ Bend to obtain.a Triple-A_Franchise. Section II. That.after the Triple-A Expansion Committee awards a. Triple-A Franchise. to the City of South. Bend.., the. South Bend.:. Redeuelopment Authority expresses its..spedfic .intent to take all. such action under Indana_Law in conjunction with the South Bend. Redevelopment Commission-and the Common Gounci.l of the City of South. Bend to finance the expansion of Stanley Coveieski Regional Stadium to a seating. capacity for. ten thousand (1.O,aaO} fans by the_1993 Baseball Season.. •