04-09-84 Council Meeting Minutes

Home Browse Search

REGULAR MEETING APRIL 9, 1984 SECTION I. That the Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution at this time. John Cleaver, a representative of Gibbs Wire, indicated they had purchased two acres of Voorde Park to allow for a planned increase of a 40,460 square feet of building. He indicated they hoped to add approximately ten new jobs with this expansion. Howard Bessire, executive director of the Industrial Foundation, spoke in favor of this resolution. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Voorde. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1131 -84 AN INDUCEMENT RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA RELATING TO CROWE, CHIZEK AND COMPANY PROJECT. WHEREAS, at the present time there are insufficient employment opportunities and insufficient diversification of business, commerce and industry in and near the City of South Bend, Indiana (the City "); and WHEREAS, the economic welfare of the City would be benefited by the acquisition of economic development facilities in the corporate limits of the City pursuant to the provisions of Indiana Code 36 -7 -12 (the "Act ")' amd WHEREAS, Crowe, Chizek and Company, an Indiana accounting partnership, (the "Company ") proposes to acquire economic development facilities in South Bend, Indiana as defined in the Act if the City will finance costs of such economic development facilities pursuant to the Act; and WHEREAS, the South Bend Economic Development Commission has received an application from the Company for the issuance of City of South Bend Economic Development Bonds in the approximate principal amount of Three Million Five Hundred Thousand and no /100 Dollars ($3,500,000.00) with the terms of repayment to be determined by the market rates at the time the bonds are sold and the proceeds of the bonds will be used to construct an approximate good faith efforts to consummate such proceedings and issue such Bonds, and the South Bend Economic Development Commission and the City of South Bend, Indiana, their officers and agents, shall not incur any liability if for any reason the proposed issuance of such Bonds is not consummated. This Inducement Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held at this time. Charles Boynton, attorney representing the Economic Development Commission, indicated that Crowe, Chizek and Company was requesting a $3,500,000 bond issue to expand their professional office building. He indicated this expansion will result in the addition of a minimum of 50 new jobs with a total potential of 180 new jobs. Council Member Puzzello made a motion to adopt this resolution, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1132 -84 A RESOLUTION OF THE COMMON COUNCIL OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT A GRANT APPLICATION FOR FUNDING OF THE RUNAWAY SHELTER FOR THE YEAR 1984 -85. WHEREAS, the Mayor of the City of South Bend is the Chief Executive Officer of the City, and, therefore, is the Applicant for a Grant for the Runaway Shelter. NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of South Bend, Indiana: SECTION I. Hereby establishes the authority of the Mayor of lthe City of South Bend to submit an application for operation funds in the amount of $75,626, to the U.S. Department of Health & Human Services.