11-24-03 Council Meeting Minutes

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REGULAR MEETING NOVEMBER 24, 2003 immediately north of the current soon to be vacated Jefferson Boulevard. She noted that they have guaranteed that all rights of access in perpetuity will be granted to the four (4) residents that are north of it and in particular the three (3) residents that actually have alley access. She further noted that only one (1) of them has a driveway on Chapin Street. Further, new utilities will be laid and then that alley will be opened. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Varner made a motion for favorable recommendation to full Council concerning this bill. Councilmember Coleman seconded the motion which carried by a voice vote of nine (9) ayes. BILL NO. 62 -03 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE CITY OF SOUTH BEND, INDIANA, TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS OF 2003 (KITE CAPITAL, LLC /ERSKINE VILLAGE PROJECT)" IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION AND 00 /100 DOLLARS ($6,000,000.00) AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO Councilmember Pfeifer made a motion to postpone this bill until the December 8, 2003 meeting of the Council at the request of the Petitioner. Councilmember Varner seconded the motion which carried by a voice vote of nine (9) ayes. BILL NO. 90 -03 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR AND OR CONTROLLER OF THE CITY OF SOUTH BEND TO MAKE TEMPORARY LOANS TO PAY OFF PREVIOUSLY ISSUED TEMPORARY LOAN TAX ANTICIPATION WARRANTS; AND TO ISSUE NEW TEMPORARY LOAN TAX ANTICIPATION TIME WARRANTS TO EVIDENCE SUCH LOANS AND APPROPRIATING AND PLEDGING TAXES TO BE RECEIVED IN SUCH FUNDS TO THE PAYMENT OF THE NEW WARRANTS INCLUDING THE INTEREST THEREON Councilmember Aranowski, Chairperson, Personnel & Finance Committee, reported that this committee met this afternoon on this bill and sends it to the Council with a favorable recommendation. Mr. Rick 011ett, City Controller, 14th Floor, County -City Building, South Bend, Indiana, made the presentation for this bill. Mr. 011ett advised that this ordinance is related to the tax reassessment process. In June, due to the delayed reassessment process, the City issued tax warrants pending distribution of provisional tax proceeds. These warrants have a due date of December 31, 2003. Mr. 011ett stated that in the unlikely event that payments from the property tax bills currently sent out are not forthcoming by -10-