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REGULAR MEETING NOVEMBER 24.2003 <br />Mr. Jay Brandenberger, 137 South Ellsworth Place, South Bend, Indiana, made the presentation for <br />this bill. <br />Mr. Brandenberger stated that he and his wife propose to build a two (2) story attached garage home <br />in the northeast neighborhood as part of the redevelopment efforts sponsored by the University of <br />Notre Dame. It will be a home that will be two thousand four hundred (2,400) square feet and cost <br />about two hundred eighty thousand dollars ($280,000.00). <br />There was no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution. <br />Councilmember King advised that he has noticed that the Resolution appears to have Mr. <br />Brandenberger's name misspelled. It is listed as Brandenberg and not Brandenberger. Therefore, <br />Councilmember King made a motion to amend the Resolution to correct this misspelling and all <br />occurrences of Brandenberg should be changed to Brandenberger. Councilmember Kelly seconded <br />the motion which carried by a voice vote of nine (9) ayes. <br />Councilmember King made a motion to adopt this Resolution as amended. Councilmember Varner <br />seconded the motion which carried by a voice vote of nine (9) ayes. <br />RESOLUTION NO. 3269 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA CONSENTING TO <br />AND APPROVING THE ISSUANCE, BY THE SOUTH <br />BEND REDEVELOPMENT COMMISSION OF BONDS <br />FOR THE PURPOSES OF PROVIDING FUNDS FOR <br />REFUNDING OUTSTANDING BONDS AND FINANCING <br />REDEVELOPMENT PROJECTS IN THE SOUTH BEND <br />CENTRAL ALLOCATION AREA (SOUTH BEND <br />ALLOCATION AREA NO. IA) AND PAYING <br />INCIDENTAL EXPENSES IN CONNECTION THEREWITH <br />AND ON ACCOUNT OF THE ISSUANCE OF THE BONDS <br />WHEREAS, on October 17, 2003, the South Bend Redevelopment Commission (the <br />"Commission ") adopted a resolution authorizing the issuance of bonds in an amount not to exceed <br />Twenty -Two Million Dollars ($22,000,000) (the "Bonds ") for the purpose of providing funds for <br />refunding outstanding bonds and financing redevelopment projects in the South Bend Central <br />Allocation Area (South Bend Allocation Area No. 1A) and paying incidental expenses in connection <br />therewith and on account of the issuance of the Bonds; and <br />WHEREAS, IND. Code §36- 7- 14- 25.1(p) provides that the Common Council of the City of <br />South Bend, Indiana (the "Common Council "), as the legislative body of the City of South Bend, <br />Indiana, must approve the issuance of the Bonds by the Commission because the aggregate principal <br />amount of the Bonds is equal to or greater than Three Million Dollars ($3,000,000). <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA AS FOLLOWS: <br />SECTION 1. The Common Council hereby approves the issuance of the Bonds by the <br />Commission pursuant to the provisions of IND. Code §36- 7- 14- 25.1(p). <br />SECTION 2. This Resolution shall be in full force and effect immediately upon its adoption <br />by the Common Council and approval by the Mayor. <br />COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />By: s /Karen L. White <br />Member of the Common Council <br />-21- <br />