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06-12-00 Council Meeting Minutes
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06-12-00 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
6/12/2000
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REGULAR MEETING JUNE 12, 2000 <br />This bill had third reading. Councilmember Kelly made a motion to consider the amended by <br />substitution version of this bill. Councilmember King seconded the motion which carried by a voice <br />vote of seven (7) ayes. Additionally, Councilmember Kelly made a motion to pass this bill as <br />amended by substitution. Councilmember King seconded the motion which carried. The bill passed <br />by a roll call vote of seven (7) ayes. <br />ORDINANCE NO. 9114 -00 AN ORDINANCE TO VACATE THE FOLLOWING <br />DESCRIBED PROPERTY: THE ALLEY TO BE <br />VACATED IS DESCRIBED AS THE FIRST <br />NORTH/SOUTH ALLEY EAST OF WARREN STREET <br />FROM THE SOUTH RIGHT -OF -WAY OF WESTERN <br />AVENUE TO THE NORTH LINE OF THE FIRST <br />EAST/WEST ALLEY SOUTH OF WESTERN AVENUE <br />FOR A DISTANCE OF APPROXIMATELY 132 FEET <br />AND A WIDTH OF 14 FEET. PART LOCATED IN <br />SOUTH BEND INDUSTRIAL PARK ADDITION, CITY <br />OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA <br />This bill had third reading. Councilmember Varner made a motion to consider the amended version <br />of this bill. Councilmember King seconded the motion which carried by a voice vote of seven (7) <br />ayes. Additionally, Councilmember Aranowski made a motion to pass this bill as amended. <br />Councilmember Varner seconded the motion which carried. The bill passed by a roll call vote of <br />seven (7) ayes. <br />ORDINANCE NO. 9115-00 AN ORDINANCE AUTHORIZING THE ISSUANCE OF <br />NOT TO EXCEED $2,000,000 AGGREGATE PRINCIPAL <br />AMOUNT OF THE CITY OF SOUTH BEND, INDIANA <br />VARIABLE RATE DEMAND ECONOMIC <br />DEVELOPMENT REVENUE BONDS, SERIES 2000 <br />(DELUXE SHEET METAL, INC. PROJECT), THE <br />PROCEEDS OF WHICH SHALL BE LOANED TO DSM <br />HOLDING, LLC, TO FINANCE THE ACQUISITION, <br />CONSTRUCTION, INSTALLATION AND EQUIPPING <br />OF AN ECONOMIC DEVELOPMENT FACILITY <br />LOCATED WITHIN THE CITY OF SOUTH BEND, <br />INDIANA FOR LEASE TO DELUXE SHEET METAL, <br />INC.; PROVIDING FOR THE PLEDGE AND <br />ASSIGNMENT OF REVENUES FOR THE PAYMENT OF <br />SAID BONDS; AUTHORIZING A TRUST INDENTURE, <br />LOAN AGREEMENT AND BOND PURCHASE <br />AGREEMENT, AUTHORIZING THE USE AND <br />DISTRIBUTION OF A PRELIMINARY OFFICIAL <br />STATEMENT AND AN OFFICIAL STATEMENT WITH <br />RESPECT TO THE BONDS; AUTHORIZING <br />AGREEMENTS TO SECURE FURTHER THE PAYMENT <br />OF SAID BONDS; AND AUTHORIZING OTHER <br />ACTIONS IN CONNECTION WITH THE ISSUANCE OF <br />SUCH BONDS <br />This bill had third reading. Councilmember Aranowski made a motion to consider the substitute <br />version of this bill. Councilmember King seconded the motion which carried by a voice vote of <br />seven (7) ayes. Additionally, Councilmember Aranowski made a motion to pass this bill as <br />substituted. Councilmember Kelly seconded the motion which carried. The bill passed by a roll call <br />vote of seven (7) ayes. <br />
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