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REGULAR MEETING
<br />SEPTEMBER 24,
<br />1984
<br />WHEREAS,
<br />pursuant to
<br />Indiana Code 6 -1.1- 18.5 -1 et seq., the maximum tax
<br />levy for
<br />1984 payable
<br />1985 for the
<br />City of South Bend has been frozen at 105 of the
<br />1984
<br />level; and
<br />WHEREAS,
<br />pursuant to the terms of Indiana Code 6- 1.1- 18.5 -12 et seq.,
<br />levy be by a municipal corporation
<br />an appeal
<br />so as to
<br />for relief from
<br />such frozen
<br />may pursued
<br />F fund certain
<br />governmental
<br />functions specified therein; and
<br />WHEREAS, the Mayor and the South Bend Common Council have joined in the adoption
<br />of an appeal from such frozen levy for the purpose of funding certain expenses which
<br />are a part of the operation of the municipal government of the City of South Bend,
<br />Indiana, which requirements have ben caused by the increase in utility costs in excess
<br />of 10% based on I &M's electrical increase of twenty (20) plus percent, and the operational
<br />costs deficit of the Parking Garages resulting from the lease payments; and
<br />WHEREAS, such an appeal seeks an icnrease in the maximum levy in the total amount
<br />of $7121560.00; and
<br />WHEREAS, it is the opinion of the Mayor and the Common Council of the City ofSouth
<br />Bend that such an appeal is necessary and in the best interests of the citizens of
<br />the City of South Bend, Indiana.
<br />NOW, THEREFORE, BE IT RESOLVED that the Mayor and the Common Council of the City
<br />of South Bend, Indiana, do hereby petition and appeal to the State Board of Tax Commissioners'
<br />of the State of Indiana for relief from levy limitations pursuant to Indiana Code 6-
<br />1.1- 18.5 -1 et seq., as applied to the 1984 payable 1985 tax levies for the City of
<br />South Bend, Indiana; such appeal shall be for the purpose of funding certain expenses
<br />which are a part of the operations of the municipal government of the City of South
<br />Bend, Indiana, which have been caused by the increase in utility costs in excess of
<br />10% based on I &M's electrical increase of twenty (20) plus percent, and the operational
<br />costs of deficit of the Parking Garages resulting from lease payments, as follows:
<br />A. For utility costs in excess of 10% based on I &M's electrical increase of twenty
<br />(20) plus percent. This accounts for Two Hundred and Fifty -nine Thousand Five
<br />Hundred Six Dollars ($259,560.00) of the excess levy. I.C.6- 1.1- 18.5- 8(a)(2)
<br />B. The operational costs deficit of the Parking Garages resulting from lease payments.
<br />That accumulated deficit is estimated to be Four Hundred and Fifty -three Thousand
<br />Dollars ($453,000.00) through December 31st of 1985. I.C. 6 -1.1- 18.5 -8 (a) (2)
<br />and shall seek total relief from the frozen levy in the amount of $712,560.00 for the
<br />tax year 1984 payable 1985.
<br />IT IS HEREBY FURTHER RESOLVED, that the Mayor and the Common Council of the City
<br />of South Bend do hereby join in this petitioning resolution to the State Board of Tax
<br />Commissioners of the State of Indiana, that without the requested emergency financial
<br />relief for which the City of South Bend petitions, it will be unable to carry out, in
<br />its ensuing budget year, the governmental functions and responsibilities committed to
<br />it by law.
<br />Approved this 24th day of September, 1984, by the Common Council of the City of
<br />South Bend, Indiana.
<br />/s/ Beverlie J. Beck
<br />Council President
<br />This resolution approved and signed by me this 26 day of September, 1984.
<br />/s/ Roger 0. Parent
<br />ROGER 0. PARENT, Mayor
<br />ATTEST:
<br />/s/ Michael L. Vance
<br />MICHAEL L. VANCE, Controller
<br />A public hearing was held on the resolution. Michael Vance, City Controller, indicated
<br />a substitute bill had been filed with the City Clerk. Council Member Taylor made a
<br />motion to accept the substitute resolution, on file with the City Clerk, seconded by
<br />Council Member Zakrzewski. The motion carried. Mr. Vance indicated that the passage
<br />of this resolution was a required step in the appeal procedure. He indicated the
<br />resolution would be forwarded to the State Board of Tax Commissioners. Council Member
<br />Serge made a motion to adopt this resolution, seconded by Council Member Voorde. The
<br />resolution was adopted by a roll call vote of nine ayes.
<br />BILLS, FIRST READING
<br />BILL NO. 105 -84 A BILL AMENDING ORDINANCE NUMBER 7361 -84, BEING AN ORDINANCE
<br />AUTHORIZING THE ISSUANCE OF $985,000.00 ECONOMIC DEVELOPMENT
<br />REVENUE BONDS, CENTER CITY HOUSING PROJECT, OF THE CITY OF
<br />SOUTH BEND, INDIANA FOR THE PURPOSE OF FUNDING A LOAN TO
<br />CENTER CITY HOUSING, AN INDIANA LIMITED PARTNERSHIP, IN
<br />ORDER TO FINANCE THE ACQUISITION AND CONSTRUCTION OF CERTAIN
<br />REAL ESTATE AND ECONOMIC DEVELOPMENT FACILITIES LOCATED
<br />WITHIN ST.JOSEPH COUNTY, INDIANA, FOR USE BY CENTER CITY
<br />HOUSING: AUTHORIZING EXECUTION OF THE LOAN AGREEMENT, AN
<br />INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION
<br />OF THE REVENUES FROM THE FINANCING AGREEMENT: AND AUTHORIZING
<br />THE TERMS AND SALE OF SAID BONDS.
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