07-24-00 Council Meeting Minutes

Home Browse Search

REGULAR MEETING JULY 24, 2000 WHEREAS, there is a need to construct, expand, renovate, improve and equip the Foundation's health care facilities, and in connection therewith, to refund the Prior Bonds; and WHEREAS, due to the county -wide services provided by said health care facilities, the Common Council of the City of South Bend wishes to transfer jurisdiction over said facilities and the financing thereof pursuant to the Act to St. Joseph County. IND CODE § 36- 7- 12 -22(b) provides in relevant part that "...economic development facilities that are to be located within the corporate boundaries of a municipality may not be financed by a County without the consent of the fiscal body of the municipality..." NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, THAT the Common Council consents, pursuant to the provisions of IND. CODE § 36- 7 -12 -22 (b), to the construction, expansion, renovation, improvement and equipping of said health care facilities and, in connection therewith, the refunding of the Prior Bonds, by St. Joseph County, Indiana and its Economic Development Commission, and jurisdiction with respect thereto is hereby transferred to St. Joseph County, Indiana. This Resolution shall be in full force and effect immediately upon its adoption by the Common Council and approval by the Mayor. Dated this 24"' day of July, 2000. s /Charlotte Pfeifer Member, South Bend Common Council Council Member Aranowski reported that the Personnel & Finance Committee met on this bill and sends it to the Council with a favorable recommendation. Mr. Philip J. Faccenda, Jr., Barnes & Thornburg, 60015` Source Bank Center, 100 North Michigan, South Bend, Indiana, advised that he is the bond counsel on behalf of this Resolution and will be making the presentation. Mr. Faccenda indicated that this is a bond issuance/bond project in which the South Bend Medical Foundation, Inc. is requesting the Council to approve the transfer of jurisdiction. Currently there is a concurrent jurisdiction between the South Bend Economic Development Commission and that of St. Joseph County. In 1996 a similar bond issuance was done through St. Joseph County. This is a $18 million dollar bond issue of which a portion of the proceeds of the bonds will be used to refund the County's prior 1996 bond issue and for that purpose the petitioner requests to refund the bonds through the same issuing authority. Because the facility is located within the boundaries of the City of South Bend, the petitioner is required by law to request the Council's consent to transfer jurisdiction. A Public Hearing was held on the Resolution at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to this Resolution. Councilmember Kirsits indicated for the record that his wife is a part-time employee of the South Bend Medical Foundation but he will receive no gain from voting of this issue and there is no conflict of interest. Therefore, Councilmember Aranowski made a motion to adopt this Resolution. Councilmember Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes.