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REGULAR MEETING JULY 24, 2000 <br />Mr. Taggert Birge, Attorney for Draga Investments, LLC, no address given, made the presentation <br />for this tax abatement. <br />- Mr. Birge noted that Draga Investments is proposing to construct a twenty -five thousand (25,000) <br />square foot warehousing facility in the US31 Industrial Complex. They will be spending between <br />eight hundred thousand dollars ($800,000.00) and nine hundred thousand dollars ($900,000.00) and <br />will employ between six (6) and eight (8) employees in the warehouse with a median salary of <br />approximately thirty -five thousand dollars ($35,000.00). Indiana Supply Corporation, a distribution <br />company of HVAC equipment, will be the tenant in this facility. <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 Aranowski made a motion to adopt this Resolution. Councilmember <br />Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of <br />nine (9) ayes. <br />MOTION TO SUSPEND RULES TO CHANGE ORDER OF AGENDA <br />Councilmember Coleman made a motion to suspend the rules to hear Bill No. 00 -89 out of sequence. <br />Council Attorney Kathleen Cekanski - Farrand noted that this motion will take a two- thirds (2/3) vote <br />of the Council. Councilmember Aranowski seconded the motion which carried by a voice vote of <br />nine (9) ayes. <br />RESOLUTION NO. 2908 -00 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND CONSENTING TO THE <br />TRANSFER OF JURISDICTION TO ST. JOSEPH <br />COUNTY, INDIANA, REGARDING ECONOMIC <br />DEVELOPMENT FACILITIES AND THE ISSUANCE OF <br />COUNTY OF ST. JOSEPH, INDIANA MULTI -MODE <br />VARIABLE RATE HEALTH CARE FACILITY BONDS, <br />SERIES 2000 (SOUTH BEND MEDICAL FOUNDATION <br />PROJECT) TO FINANCE SAID FACILITIES <br />WHEREAS, the City of South Bend, Indiana (the "City "), is a municipal corporation and <br />political subdivision of the State of Indiana and by virtue of IND. CODE §36- 7 -12 -22 is authorized <br />and empowered to adopt this Resolution; and <br />WHEREAS, South Bend Medical Foundation, Inc., ( "Medical Foundation "), an Indiana not- <br />for- profit corporation with principal offices located in South Bend, Indiana, presently intends to <br />finance: <br />(i) the construction, expansion, renovation, improvement and equipping of the Medical <br />Foundation's existing clinical laboratory, blood bank, administrative and other <br />offices, mechanical systems, and other health care facilities, including site and <br />infrastructure improvements, all located or to be located on the campus of the <br />Medical Foundation in the City of South Bend at 530 North Lafayette Boulevard, and <br />which comprise "economic development facilities" within the meaning of IND <br />CODE §36 -7- 11.9 -3 through the issuance of economic development revenue bonds <br />pursuant to the provisions ofIND. CODE §36 -7 -12 et.sea., as amended (the "ACT "), <br />and <br />(ii) the refunding of the St. Joseph County, Indiana Economic Development Revenue <br />Bonds (South Bend Medical Foundation, Inc. Project), Series 1996, dated as of <br />December 1, 1996 (the "Prior Bonds "); and <br />