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REGULAR MEETING <br />AUGUST 24. 1998 <br />cost. Council Member Aranowski made a motion to adopt this <br />resolution, seconded by Council Member Kelly. The resolution was <br />adopted by a roll call vote of nine ayes. <br />Council Member Hosinski made a motion to resolve into the <br />Committee of the Whole, seconded by Council Member Kelly. The <br />motion carried. <br />COMMITTEE OF THE WHOLE <br />Be it remembered that the Common Council of the City of South <br />Bend met in the Committee of the Whole at 7:10 p.m. with nine <br />members present. Chairman Broden presiding. <br />BILL NO. 57 -98 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND, INDIANA, ANNEXING TO AND BRINGING WITHIN THE <br />CITY LIMITS OF SOUTH BEND, INDIANA, CERTAIN LAND <br />IN GERMAN TOWNSHIP CONTIGUOUS THEREWITH; MATTEO <br />ANNEXATION <br />This being the time heretofore set for public hearing on the <br />above bill, proponents and opponents were given an opportunity to <br />be heard. Council Member Hosinski reported that the Zoning and <br />Annexation Committee had met on this bill and recommended it to <br />the Council favorable. Mike Danch, from Pierce and Associates, <br />indicated he was representing the owners of the property. He <br />advised they were asking for this annexation on the west side of <br />Portage south of Brick, in order to develop a subdivision of <br />single family homes. Council Member Kelly made a motion to <br />recommend this bill to the Council favorable, seconded by Council <br />Member Coleman. The motion carried. <br />BILL NO. 61 -98 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: <br />THE ALLEY TO BE VACATED IS DESCRIBED AS THE FIRST <br />NORTH /SOUTH ALLEY EAST OF GLEN STREET FROM THE <br />NORTH RIGHT -OF -WAY OF WEST EWING AVENUE TO THE <br />SOUTH RIGHT -OF -WAY OF THE FIRST EAST /WEST ALLEY <br />NORTH OF WEST EWING AVENUE FOR A DISTANCE OF <br />APPROXIMATELY 110 FEET AND A WIDTH OF 14 FEET. <br />PART LOCATED IN PRAIRIE AVENUE HEIGHTS ADDITION, <br />CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA <br />Council Member Coleman made a motion to strike this bill, at the <br />request of the petitioner, seconded by Council Member Varner. <br />The motion carried. <br />BILL NO.--59-98 A BILL AUTHORIZING THE ISSUANCE AND SALE OF AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED ONE <br />MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) <br />OF CITY OF SOUTH BEND, INDIANA VARIABLE RATE <br />ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1998 <br />(SGW REALTY LLC PROJECT); DESIGNATING THE BONDS AS <br />LIMITED OBLIGATIONS OF THE CITY; APPROVING THE <br />FORM OF, AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF, THE TRUST INDENTURE, LOAN AGREEMENT <br />AND OTHER DOCUMENTS RELATED TO THE ISSUANCE AND <br />SALE OF THE BONDS; AND AUTHORIZING PROPER OFFICERS <br />TO DO ALL OTHER THINGS DEEMED NECESSARY OR <br />ADVISABLE IN CONNECTION THEREWITH AND APPROVING <br />AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO <br />This being the time heretofore set for public hearing on the <br />above bill, proponents and opponents were given an opportunity to <br />be heard. Council Member Kelly reported that the Community and <br />Economic Development Committee had met on this bill and <br />recommended it to the Council favorable. Kenneth Fedder, <br />attorney for the Economic Development Commission, made the <br />presentation for the bill. He advised that the Commission had <br />passed its resolution authorizing the project to proceed. He <br />informed the Council that these are bonds for Schafer Gear to <br />1-- <br />