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<br />REGULAR MEETING NOVEMBER 9, 1992
<br />best interests of the City.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
<br />INDIANA, AS FOLLOWS:
<br />Section I. That it is in the best interest of the City of South Bend and of the
<br />area proposed to be annexed that the real property located in Penn Township, St.
<br />Joseph County, Indiana, described in Table 2 of the Fiscal Plan, attached hereto and
<br />made a part hereof, be annexed to the City of South Bend.
<br />Section II. That it shall be and hereby is now declared and established that it
<br />is the policy of the City of South Bend to furnish to said territory services of a
<br />non - capital nature, such as street and road maintenance, police and fire protection,
<br />within one (1) year of the effective date of the annexation, in a manner equivalent
<br />in standard and scope to the services furnished by the typography, patterns of land
<br />utilization and population density similar to said territory; and to furnish to said
<br />territory services of a capital improvement nature, such as street construction,
<br />street lighting, water facilities, sewer facilities, and storm water facilities,
<br />within three (3) years of the effective date of the annexation, in the same manner
<br />as those services are provided to areas within the corporate boundaries of the City
<br />of South Bend that have characteristics of topography, patterns of land use and
<br />population density similar to that of the territory to be annexed and in a manner
<br />consistent with federal, state and local laws, procedures and planning criteria.
<br />Section III. That the Common Council of the City of South Bend shall and does
<br />hereby now establish and adopt the fiscal plan, attached hereto and made a part
<br />thereof, for the furnishing of said services to the territory to be annexed.
<br />Section IV. This Resolution should be in full force and effect upon its
<br />adoption by the Common Council and approval by the Mayor.
<br />/s/ Stephen Luecke
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Larry Magliozzi, Economic
<br />Development, made the presentation for the resolution. He indicated this was a
<br />voluntary annexation, and the City could provide all services necessary. Council
<br />Member Luecke made a motion to adopt this resolution, seconded by Council Member
<br />Duda. The resolution was adopted by a roll call vote of nine ayes.
<br />Council Member Coleman made a motion to resolve into the Committee of the Whole,
<br />seconded by Council Member Kelly. The motion carried.
<br />COMMITTEE OF THE WHOLE
<br />Be it remembered that the Common Council of the City of South Bend met in the
<br />Committee of the Whole on October 26, 1992 at 7:08 p.m., with nine members present.
<br />Chairman Puzzello presiding.
<br />Council Member Coleman made a motion to move Bill Nos. 85 and 87 -92 to the first and
<br />second place for public hearing, seconded by Council Member Ladewski. The motion
<br />carried on a roll call vote of eight ayes and one nay (Council Member Washington.)
<br />BILL NO. 85 -92 A BILL AUTHORIZING THE CITY OF SOUTH BEND TO AMEND DOCUMENTS
<br />RELATING TO ITS ECONOMIC DEVELOPMENT REFUNDING REVENUE BOND,
<br />SERIES 1983 (COLUMBIA PLACE ASSOCIATES PROJECT) AND APPROVING AND
<br />AUTHORIZING OTHER ACTION IN RESPECT THERETO.
<br />This being the time heretofore set for public hearing on the above bill, proponents
<br />and opponents were given an opportunity to be heard. Council Member Puzzello
<br />reported that the Personnel & Fininance Committee had met on this bill and
<br />recommended it to the Council favorable. Kevin Butler, attorney, made the
<br />presentation for the bill. He indicated this project was developed in 1983, and
<br />this bill would allow for the refunding to reduce the interest rate. Council Member
<br />Coleman made a motion to recommend this bill to the Council favorable, seconded by
<br />Council Member Kelly. The motion carried.
<br />BILL NO. 87 -92 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,
<br />REGARDING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE REFUNDING
<br />BONDS (REGENCY PLACE PROJECT).
<br />This being the time heretofore set for public hearing on the above bill, proponents
<br />and opponents were given an opportunity to be heard. Council Member Puzzello
<br />reported that the Personnel & Finance Committee had met on this bill and recommended
<br />it to the Council favorable. Council Member Luecke made a motion to accept the
<br />substitute bill on file with the City Clerk, seconded by Council Member Slavinskas.
<br />The motion carried. Marc Krcmaric, attorney, made the presentation for the bill.
<br />He indicated this bond issue was made in 1982 and the project is operating. He
<br />indicated they were requesting approval to proceed with refinancing of the loan in
<br />order to obtain a lower interest rate. Council Member Coleman made a motion to
<br />recommend this bill to the Council favorable, as amended, seconded by Council Member
<br />Duda. The motion carried.
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