03-26-84 Council Meeting Minutes

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REGULAR MEETING MARCH 26, 1984 WHEREAS, the City of South Bend has demonstrated a commitment to the pursuit of economic development activities which will contribute to the revitalization of the Central Downtown Urban Renewal Area; and WHEREAS, the City of South Bend actively encourages the development of diverse uses in the downtown, emphasizing a mix of office, retail and residential uses; and WHEREAS, the proposed residential project will contribute to the re- establishment of a strong residential component which will increase the vitality of the downtown; and WHEREAS, the proposed project will provide inner city housing for the elderly, further enhancing the quality oif life in South Bend; and WHEREAS, the rehabilitation of Central High School, which is currently designated as a local landmark and included in the application for lising in the National Register of Historic Places as a significant structure in the Multiple Resource Area, will further enhance the historical and aesthetic significance of the building; and WHEREAS, the receipt of an Urban Development Action Grant would make the project economically feasible; and WHEREAS, no alternative sources of public funds are available for this project, and, therefore, the project will not occur without assistance of the Urban Development Action Grant. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. Hereby establishes the authority of the Mayor of the City of South Bend to submit under Title I of the Housing and Community Development Act of 1977, an Urban Development Action Grant Application to the United States Department of Housing and Urban Development for residential uses in the Central Downtown Urban Renewal Area. SECTION II. This Resolution shall be in full force and effect immediately upon passage by the Common Council of the City of South Bend, Indiana, and approval by the Mayor. Ls/ Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Jon Hunt, Director of Redevelopment, indicated this grant would be used in conjunction with private funding sources to proceed with the rehabilitation and reuse of the former Central high School as a site for older adult housing. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Crone. The resolution was adopted by a roll call vote of nine ayes. BILLS, SECOND READING BILL NO. 30 -84 A BILL DESIGNATING AND ESTABLISHING AN HISTORIC LANDMARK UNDER ORDINANCE NO. 5565 -73, AMENDING ORDINANCE NO. 4990 -68, AS AMENDED, COMMONLY KNOWN AS THE ZONING ORDINANCE OF THE CITY OF SOUTH BEND (1840 KESSLER.) This bill had first reading. Council Member Serge made a motion to refer this bill to Area Plan, seconded by Council Member Puzzello. The motion carried. ORDINANCE NO. 7317 -84 AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF $2,400,000 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF ACQUIRING LAND, IMPROVE- MENTS THEREON AND RELATED PROPERTY COMPRISING ECONOMIC DEVELOP- MENT FACILITIES LOCATED IN THE CITY FOR LEASE AND SALE TO ALLIED PRODUCTS CORPORATION; AUTHORIZING EXECUTION OF A LEASE AGREEMENT AND AN AMENDMENT TO AN EXISTING LEASE AGREEMENT; PROVIDING FOR THE PLEDGE OF REVENUES AND RENTAL INCOME FOR THE PAYMENT OF THE BONDS; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF SUCH REVENUES; AUTHORIZING A MORTGAGE AND SECURITY AGREEMENT TO SECURE PAYMENT OF THE BONDS; AND AUTHORIZING THE TERMS AND SALE OF SAID BONDS. This bill had first reading. Council Member Taylor made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Member Beck. The motion carried on a roll call vote of nine ayes. Council Member Taylor made a motion to accept the substitute bill on file with the City Clerk, seconded by Council Member Zakrzewski. The motion carried. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Ken Fedder, attorney for the Economic Development Commission, made the presentation for the bill. He indicated that this $2,400,000 bond issue would be used for further completion of the Allied Products Corporation Project. He