08-23-99 Council Meeting Minutes

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REGULAR MEETING AUGUST 23, 1999 Mr. Timothy Minne, 404 North Beech Road, Osceola, Indiana, Petitioner, made the presentation for this bill. Mr. Minne stated that he owns the property at 1422 East Calvert Street, South Bend, Indiana, and he has renovated the property and is offering it for sale in the sub -forty thousand dollar ($40,000) price range. Most people in that price range would like to buy FHA but FHA will not buy something zoned "C" Commercial and that is the reason for the requested zone change. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Aranowski made a motion for favorable recommendation to full Council concerning this bill. Council President Coleman seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 65-99 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, CONCERNING THE CONSTRUCTION OF IMPROVEMENTS TO THE MUNICIPAL WATERWORKS OF THE CITY OF SOUTH BEND, INDIANA; AUTHORIZING THE ISSUANCE OF REVENUE BONDS FOR SUCH PURPOSE IN THE PRINCIPAL AMOUNT NOT TO EXCEED TWO MILLION FIFTY THOUSAND DOLLARS ($2,050,000); ADDRESSING OTHER MATTERS CONNECTED THEREWITH, INCLUDING THE ISSUANCE OF NOTES IN ANTICIPATION OF BONDS; AND REPEALING ORDINANCES INCONSISTENT HEREWITH Councilmember Ujdak noted that this bill comes to the Council without a recommendation of the Utilities Committee due to the lack of a quorum. Mr. Philip J. Faccennda, Jr., Barnes & Thornburg, 600 1" Source Bank Center, 100 North Michigan Street, South Bend, Indiana, made the presentation for this bill on behalf of the South Bend Water Works. Mr. Faccenda stated that this ordinance concerns the issuance of revenue bonds not to exceed two million fifty thousand dollars ($2,050,000.00) as part of a project that the water works district will be undertaking. The project consists of the second phase of improvements at the Olive Water Treatment Plant. The first phase consisted of a garage addition, roof repairs and a new furnace. The new project with is in accordance with the Water Works Master Plan will consist of the construction of a new 6,5000 square foot building that will provide weather protection for the facility which will allow it to be open for twelve months as opposed to closing for the winter. Also, the project will include six (6) additional filtration units and all associated process piping for the treatment plant which will increase the total capacity at the treatment plant to 12M gallons per day as well as reconditioning of wells located at the site. The financial advisors have concluded that there will not need to a rate increase in connection with this project. In conclusion, Mr. Faccenda advised that Mr. John Stancati anticipated being present for this presentation and to answer questions but unfortunately could not attend the meeting. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Council President Coleman made a motion for favorable recommendation to full Council concerning this bill. Councilmember King seconded the motion which carried by a voice vote of eight (8) ayes. As a point of clarification, Councilmember Varner stated that these are revenue bonds from rates and not general obligation bonds.