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F519 <br />REGULAR MEETING <br />MARCH 8, 1993 <br />BILL NO. 18 -93 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT THE <br />SOUTHEAST CORNER OF IRELAND AND LINDEN ROADS IN THE CITY OF SOUTH <br />BEND, INDIANA. <br />This bill had first reading. Council Member Coleman made a motion to refer this <br />bill to Area Plan, seconded by Council Member Duda. The motion carried. <br />ORDINANCE NO. 8359 -93 AN ORDINANCE CONCERNING THE ISSUANCE OF REVENUE BONDS TO <br />REFUND OUTSTANDING SEWAGE WORKS BONDS OF THE CITY, THE <br />COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF <br />SAID WORKS, THE SAFEGUARDING OF THE INTERESTS OF THE OWNERS <br />OF SAID REVENUE BONDS, OTHER MATTERS CONNECTED THEREWITH, <br />AND REPEALING ORDINANCES INCONSISTENT THEREWITH. <br />This bill had first reading Kevin Horton, Controller, asked that the rules be <br />suspended, in order to do a refunding on an existing bond issue. He indicated the <br />interest rates have gone down and the City would like to take advantage of the <br />existing rate. Council Member Coleman made a motion to suspend the rules, seconded <br />by Council Member Ladewski. The motion carried on a roll call vote of nine ayes. <br />Council Member Puzzello indicated the Personnel and Finance Committee had met on <br />this bill and recommended it to the Council favorable. Mr. Horton indicated the new <br />bonds will have a triple A rating and have an interest rate of 5 %; this should save <br />the City more than $500.000. This bill had second reading. Council Member Kelly <br />made a motion to accept the substitute bill, seconded by Council Member Washington. <br />The motion carried. Council Member Kelly made a motion to pass the bill, as <br />amended, seconded by Council Member Washington. The bill passed by a roll call vote <br />of nine ayes. <br />PRIVILEGE OF THE FLOOR <br />Pat Bryan, 2706 Walls, indicated March was Disability Awareness Month, and she had <br />asked for a proclamation from the Mayor, which was handed to her this evening in a <br />plain brown envelope. Council President Luecke indicated that perhaps there had <br />been a misunderstanding regarding proclamation and a resolution. He read the <br />proclamation. The Council indicated they would have a resolution at the next <br />meeting. <br />Ernest Dickson, 2706 Wall, indicated the Council should be better prepared to let <br />the people know where the money will go if an option tax is passed. <br />James Cierzniak, 1156 E. Victoria Street, spoke against the proposed National <br />College Football Hall of Fame. <br />There being no further business to come before the Council unfinished or new, <br />Council Member Coleman made a motion to adjourn, seconded by Council Member <br />Washington. The motion carried and the meeting was adjourned at 8:17 p.m. <br />ATTEST: <br />City Clerk <br />ATTEST: <br />President <br />