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REGULAR MEETING MAY 29, 1984
<br />REGULAR MEETING RECONVENED
<br />Be it remembered that the Common Council of the City of South Bend reconvened in the
<br />Council Chambers on the fourth floor of the County -City Building at 7:11 p.m. Council
<br />President Beck presiding and nine members present.
<br />BILLS, SECOND READING
<br />ORDINANCE NO. 7340 -84
<br />AN ORDINANCE DESIGNATING AND ESTABLISHING AN HISTORIC LANDMARK
<br />UNDER ORDINANCE NO. 5565 -73, AMENDING ORDINANCE NO. 4990-
<br />68, AS AMENDED, COMMONLY KNOWN AS THE ZONING ORDINANCE OF
<br />THE CITY OF SOUTH BEND.
<br />This bill had second reading. Council Member Taylor made a motion to pass this
<br />bill, seconded by Council Member Serge. The motion carried on a roll call vote of
<br />nine ayes.
<br />ORDINANCE NO. 7341 -84
<br />AN ORDINANCE APPROVING AN AMENDED INTERLOCAL COOPERATION
<br />AGREEMENT BETWEEN THE CITY OF SOUTH BEND, INDIANA, AND ST.
<br />JOSEPH COUNTY, INDIANA, FOR CONSTRUCTION AND MAINTENANCE OF
<br />MAPLE ROAD AND THE EXTENSION OF WEST CALVERT STREET.
<br />This bill had second reading. Council Member Serge made a motion to pass this bill,
<br />seconded by Council Member Taylor. The motion carried on a roll call vote of nine
<br />ayes.
<br />RESOLUTIONS
<br />RESOLUTION NO. 1150 -84 AN INDUCEMENT RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA,
<br />RELATING TO: AUCILLA PLASTICS AND DAFIR REALTY PROJECT.
<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 in the corporate limits of the
<br />City pursuant to the provisions of Indiana Code 36 -7 -12 (the "Act "); and
<br />WHEREAS, Aucilla Plastics, Inc., an Indiana corporation, and Dafir realty, an
<br />Indiana partnership, propose to acquire and construct economic development facilities
<br />in South Bend, Indiana as defined in the Act if the City will finance costs of such
<br />economic development facilities pursuant to the Act; and
<br />WHEREAS, the South Bend Economic Development Commission has received an application
<br />by Aucilla Plastics, Ind and Dafir Realty for the issuance of City of South Bend
<br />Industrial Development Revenue Bonds in the approximate principal amount of One
<br />Million Six Hundred Thousand and no /100 Dollars ($1,600,000.00), with the terms of
<br />repayment to be determined by the market rates at the time the bonds are sold, with
<br />the proceeds of the bonds being used to acquire real estate located in Phase IV of
<br />the Airport Industrial Park in South Bend, Indiana, and construct and equip a manufacturing
<br />facility thereon resulting in approximately 16 to 24 new jobs by Aucilla Plastics,
<br />Inc. and Dafir Realty with an annual payroll of between $300,000 and $500,000.
<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 shall be
<br />financed by the City through the issuance of revenue bonds pursuant to the Act and
<br />the City is willing, upon compliance with all provisions of Indiana law, to authorize
<br />approximately One Million Six Hundred Thousand and no /100 Dollars ($1,600,000.00) of
<br />its revenue bonds, which bonds will not be general obligations of the City but will
<br />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 welfare of the
<br />City and will comply with the purposes and provisions of the Act.
<br />3. Aucilla Plastics, Inc. and Dafir Realty may proceed with acquisition and
<br />construction of the economic development facilities in reliance upon this resolution.
<br />4. That the liability and obligation of the South Bend Economic Development
<br />Commission, the South Bend Common Council and the City of South Bend, Indiana, shall
<br />be limited solely to the good faith efforts to consummate such proceedings and issue
<br />such Bonds, and the South Bend Economic Development Commission and the City of South
<br />Bend, Indiana, their officers and agents, shall not incur any liability if for any
<br />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
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