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REGULAR MEETING
<br />JULY 23, 1984
<br />BILL NO. 67 -84 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE
<br />"CITY "), TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS,
<br />SERIES 1984 (CROWE, CHIZEK AND COMPANY PROJECT), IN.THE
<br />AGGREGATE PRINCIPAL AMOUNT OF THREE MILLION FIVE HUNDRED
<br />THOUSAND DOLLARS ($3,500,000 -.00) AND APPROVING AND.AUTHORIZING
<br />CERTAIN ACTIONS WITH RESPECT THERETO.
<br />Council Member Voorde made a motion to continue this bill, at the request of th
<br />petitioner, until August 13, seconded by Council Member Braboy. The motion carried.
<br />BILL NO. 68 -84 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE
<br />"CITY "), TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS,
<br />SERIES 1984 (DAFIR REALTY CO., AN INDIANA PARTNERSHIP PROJECT),
<br />IN THE AGGREGATE PRINCIPAL AMOUNT OF NINE HUNDRED THOUSAND
<br />DOLLARS ($900,000.00) AND APPROVING AND AUTHORIZING CERTAIN
<br />ACTIONS WITH.RESPECT THERETO.
<br />BILL NO. 69 -84 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE
<br />"CITY"), TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS,
<br />SERIES 1984 (AUCILLA- PLASTICS, INC. PROJECT), IN THE AGGREGATE
<br />PRINCIPAL AMOUNT OF SEVEN HUNDRED THOUSAND DOLLARS ($700,000.00)
<br />AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT
<br />THERETO. .
<br />Richard Morgan, attorney for the petitioners, asked this these bills be combined for
<br />purposes of public hearing. Council Member Taylor made a motion to combine public
<br />hearing, seconded by Council Member Voorde. The motion carried. This being the
<br />time heretofore set for'public.hearing on these bills, proponents and opponents were
<br />given an opportunity to be heard. Richard Morgan, attorney for the petitioners,
<br />made the presentation for the bills. He asked that they both be amended on page 3,
<br />by changing the dates to August 11 1984, August 1, 1999, and September 1, 1984.
<br />Council Member Taylor made a motion to amend bill No. 68 -84, seconded by Council
<br />Member Voorde. The motion carried. Council Member Taylor made a motion to amend
<br />Bill No. 69 -84, seconded by Council Member Beck. The motion carried. Mr. Morgan
<br />indicated that Aucilla Plastics and DAFIR Realty were requesting a bond issue in the
<br />amount of $1,600,000 for the purchase of land, construction of a building, and purchase
<br />of equipment for a facility to be.located in the Airport Industrial Park. He indicated
<br />that the new facility will create sixteen to twenty -four new jobs. Council Member
<br />Taylor made a motion to recommend Bill No. 68 -84 to the Council favorable, as amended,
<br />seconded by Council Member Beck. The motion carried. CouncilMember Taylor made a
<br />motion to recommend Bill No. 69 -84 to the Council favorable, as amended, seconded by
<br />Council Member Braboy. The motion carried.
<br />BILL NO. 70 -84 A BILL APPROVING THE FORM AND
<br />INDENTURE OF TRUST, MORTGAGE,
<br />REVENUE BOND, AND AUTHORIZING
<br />APPROVING RESOLUTION NO. 8 -84
<br />DEVELOPMENT COMMISSION PERTAI]
<br />INSURANCE CO. PROJECT.
<br />TERMS OF A LOAN AGREEMENT,
<br />NOTE, AND ECONOMIC DEVELOPMENT
<br />THE EXECUTION THEREOF AND
<br />OF THE SOUTH BEND ECONOMIC
<br />SING TO THE J & G REALTY &
<br />This being the time heretofore set for public hearing on this bill, proponents and
<br />opponents were given an opportunity to be heard. Kenneth Fedder, attorney for the
<br />Economic Development Commission, made the.presentation for the bill. He indicated
<br />this $550,000 bond issue would be used to finance the construction of a facility
<br />which will be leased to Slutsky - Peltz. He indicated that forty jobs will be retained
<br />and five new jobs will be created. He.indicated the new facility will be constructed
<br />on Parcels 6 and 8 of the Monroe- Sample Redevelopment area. Council Member Voorde
<br />made a motion to recommend this bill to the Council favorable, seconded by Council
<br />Member Taylor. The motion carried.
<br />BILL NO. 72 -84
<br />A BILL TRANSFERRING $20,000.00 BETWEEN ACCOUNTS WITHIN THE
<br />DIVISION OF COMMUNITY DEVELOPMENT.
<br />This being_the.time heretofore set for public hearing on this bill, proponents and
<br />opponents were given an opportunity to be heard. Colleen Rosenfeld, Director of
<br />Community Development, made the presentation for the bill. She indicated that neither
<br />the Economic Development Capital Fund or the Commercial Rehabilitation Loan Fund
<br />were included in the 1984 CDBG appropriation ordinance. She indicated these funds
<br />were placed in the 1984 Unspecified Local Option Account. She indicated this bill
<br />would appropriate $20,000 for the development in the central business district.
<br />Council Member Braboy made a motion to recommend this bill to the Council favorable,
<br />seconded by Counil Member Taylor. The motion carried.
<br />BILL NO. 73 -84 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
<br />INDIANA, ESTABLISHING A NONREVERTING "FREDRICKSON PARK
<br />PROPERTY FUND."
<br />This being the time heretofore set for public hearing on this bill, proponents and
<br />opponents were given an opportunity to be heard. James Seitz, Superintendent of
<br />Parks, made the presentation for the bill. He indicated that in order to comply
<br />with the terms of Mr. Fredrickson's will and State law, it is required that a non
<br />reverting.fund be established to receive estate proceeds. He indicated these funds
<br />will then be appropriated on.;the approval of the Council for creation of Fredrickson
<br />Park. Council Member Puzzello made a motion to recommend this bill to the Council
<br />favorable, seconded by Council Member Zakrzewski. The motion carried.
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