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REGULAR MEETING <br />JULY 28, 2003 <br />XI. This resolution does not constitute a binding obligation of the Commission or the City <br />to issue the bonds, but instead, is a commitment by the City to proceed with negotiations for the <br />financing described herein with the Company and is subject to the adoption of a bond ordinance by <br />the City in accordance with the provision of the Act. <br />XII. This Resolution shall be in full force and effect from and after its passage by the <br />Common Council and approval by the Mayor. <br />COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA <br />By: s/Karen L. White <br />Member of the Common Council <br />Councilmember King, Chairperson, Community and Economic Development Committee, reported <br />that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full <br />Council with a favorable recommendation. <br />Mr. Don Inks, Department of Community and Economic Development, 1824 Portage Avenue, <br />South Bend, Indiana, made the presentation for this bill. <br />Mr. Inks advised that this Resolution authorizes an Economic Development Revenue Bond for up <br />to $6 million dollars. It is the first phase of financing for the Erskine Village Project which will <br />create over five hundred thousand (500,000) square feet of new retail development on the current <br />Scottsdale Mall site. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Varner made a motion to adopt this Resolution. Councilmember King <br />seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) <br />ayes. <br />RESOLUTION NO. 3218 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA, REGARDING THE <br />AMENDMENT OF THE LEASE WITH THE CITY OF <br />SOUTH BEND BUILDING CORPORATION FOR THE <br />CONSTRUCTION AND EQUIPPING OF A NEW FIRE <br />STATION AND THE RENOVATION AND EXPANSION <br />OF A POLICE STATION AND REGARDING CERTAIN <br />RELATED MATTERS <br />WHEREAS, the Common Council previously determined that a need exists for the <br />u <br />1 <br />construction and equipping of a new central fire station to be located on Michigan Street <br />approximately one hundred fifty (15 0) feet from the intersection of Broadway and Michigan Streets <br />(the "Fire Station Project ") and the renovation and expansion of the police station located at 701 W. <br />Sample ` (the "Police Station Project" and, with the Fire Station Project, the "Projects ") and that the . <br />r--- 1_---- 1_ li1_____ r_-------- 1_A�1-- L-- 1 - ____- ---`1 - - - -- 71_1_ 1 _- mil__ 1Y*- -- r - <br />n---,I-T --1 r__"�' --- _/�.1-- <br />