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REGULAR._. MEETING _ -FEBRUARY .2.7•.1984 <br />ORDINANCE NO. 7305 -84 <br />AN ORDINANCE SETTING THE ANNUAL SALARY FOR THE MAYOR FOR <br />CALENDAR YEARS 1985, 1986, 1987, AND 1988. <br />This bill had second reading. Council Member Taylor made a motion to pass this bill, <br />seconded by Council Member Serge. The bill passed by a roll call vote of seven ayes <br />and two nays (Council Members Crone and Voorde.) <br />ORDINANCE NO. 7306 -84 <br />AN ORDINANCE SETTING THE ANNUAL SALARY OF THE CITY CLERK FOR <br />CALENDAR YEARS 1985, 1986, 1987 AND 1988. <br />This bill had second reading. Council Member Taylor made a motion to pass this bill, <br />seconded by Council Member Serge. The bill passed by a roll call vote of seven ayes <br />and two nays (Council Members Crone and Voorde.) <br />ORDINANCE NO. 7301 -84 AN ORDINANCE SETTING THE ANNUAL SALARY FOR THE MEMBERS OF G„ <br />THE COMMON COUNCIL FOR THE CALENDAR YEARS 1985, 1986, 1987 'y <br />and 1988. <br />This bill had second reading. Council Member Serge made a motion to pass this bill, <br />seconded by Council Member Puzzello. The bill passed by a roll call vote of six ayes <br />and three nays (Council Members Taylor, Crone and Voorde.) <br />RESOLUTIONS <br />RESOLUTION NO. 1120 -84 <br />AN INDUCEMENT RESOLUTION RELATING TO THE FINANCING OF ECONOMIC <br />DEVELOPMENT FACILITIES FOR CLARK EQUIPMENT REALTY CORPORATION. <br />WHEREAS, at the present time there are insufficient employment opportunities <br />and insufficient diversification of business, commerce and industry in and near the <br />City of South Bend, Indiana (the "City "); and <br />WHEREAS, the economic welfare of the City would be benefited by the acquisition <br />and construction of economic development facilities pursuant to the provisions of <br />Indiana Code 36 -7 -12 (the "Act "); and <br />WHEREA, Clark Equipment Realty Corporation (the "Company "), proposes to acquire <br />and construct economic development facilities as defined in the Act if the City will <br />finance costs of such economic development facilities pursuant to the Act; <br />NOW, THEREFORE, The Common Council of the City of South Bend, Indiana resolves <br />as follows: <br />1. The Project constitutes economic development facilities which may be financed <br />by the City through the issuance of revenue bonds pursuant to the Act, and the City <br />is willing upon compliance with all provisions of Indiana law to authorize the issuance <br />of its revenue bonds in an amount of approximately $1,5501000 (or such lesser amount <br />as may be agreed upon), which bonds will not be general obligations of the City but <br />will be payable solely from the limited sources authorized and permitted by the Act. <br />2. The proposed financing will be of benefit to the economic welafare of the <br />City and will comply with the purposes and provisions of the Act. <br />3. The Company may proceed with acquisition and construction of the economic <br />development facilities in reliance upon this resolution. <br />4. The liability and obligation of the South Bend Ecnomic Development Commission, <br />the south Bend Common Council and the City of South Bend, Indiana, shall be limited <br />solely to the good faith efforts to consummate such proceedings and issue such bonds, <br />and the South Bend Economic Development Commission, South Bend Common Council and the <br />City of South Bend, Indiana, their officers or agents, shall not incur any liability <br />if for any reason the proposed issuance of such bonds is not consummated. <br />This Inducement Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />/s/ Beverlie J. Beck <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Kenneth Fedder, attorney <br />for the Economic Development Commission, indicated that Clark Realty proposes to <br />develop and construct for C.I.T. a computer center in northwest South Bend, on unimproved <br />land recently purchased by C.I.T. He indicated this center will create about twenty - <br />five new jobs. Council Member Serge made a motion to adopt this resolution, seconded <br />by Council Member Zakrzewski. The resolution was adopted by a roll call vote of nine <br />ayes. <br />BILLS, FIRST READING <br />BILL NO. 19-84 A BILL AMENDING ORDINANCE NO. 4990 -68, AS AMENDED, COMMONLY <br />KNOWN AS THE ZONING ORDINANCE OF THE CITY OF SOUTH BEND, <br />INDIANA (STATE RD. 23) <br />This bill had first reading. Council Member Serge made a motion to set this bill <br />for public hearing and second reading March 12, and refer it to the Zoning and Vacation <br />Committee, seconded by Council Member Taylor. The motion carried. <br />1 <br />L <br />