12-17-84 Council Meeting Minutes

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REGULAR MEETING DECEMBER 17, 198V Council President Beck announced that the Council's reorganization meeting would be j at noon, on January 7, in the Council Chambers. Council Member Taylor made a motion to appoint Sandy Combs as a Redevelopment Commissioner, seconded by Council Member Braboy. Council Member Crone suggested this motion be delayed until Peter Donaldson is contacted to see if he is interested in being reappointed. The motion carried. Council Member Braboy made a motion to resolve into the Committee of the Whole, seconded by Council Member Taylor. The motion carried. COMMITTEE OF THE WHOLE Be it remembered that the Common Council of the City of South Bend met in the Committee of the Whole on December 17, at 4:55 p.m., with nine members present. BILL NO. 141 -84 A BILL AUTHORIZING THE ISSUANCE AND SALE OF $8,500,000.00 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF MAKING A LOAN TO BRICK ROAD ASSOCIATES, IN ORDER TO FINANCE THE CONSTRUCTION AND EQUIPPING OF CERTAIN ECONOMIC DEVELOPMENT FACILITIES LOCATED IN SOUTH BEND, INDIANA; AUTHORIZING EXECUTION OF A LOAN AGREEMENT; PROVIDING FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY FOR SAID BONDS; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH NOTE. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Jim Masters, attorney, made the presentation for the bill. Council Member Crone made a motion to accept the substitute bill on file with the City Clerk, seconded by Council Member Zakrzewski. The motion carried. He indicated they planned to construct a new Holiday Inn, which will have 184 rooms. He indicated 115 new jobs will be created. Council Member Taylor made a motion to recommend this bill to the Council favorable, as amended, seconded by Council Member Puzzello. The motion carried. There being no further business to come before the Committee of the Whole, Council Member Beck made a motion to rise and report to the Council, seconded by Council Member Taylor. The motion carried. ATTEST: City Clerk REGULAR MEETING RECONVENED ATTEST: 44 F(C Alh;:zli j#�i "n�a_n�W_ d - - � jr- Be it remembered that the Common Council of the City of South Bend reconvened in the Council Chambers on the fourth floor of the County -City Building at 4:58 p.m. Council President Beck presiding and nine members present. BILLS, SECOND READING ORDINANCE NO. 7418 -84 AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF $8,500,000.00 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF MAKING A LOAN TO BRICK ROAD ASSOCIATES, IN ORDER TO FINANCE THE CONSTRUCTION AND EQUIPPING OF CERTAIN ECONOMIC REDEVELOPMENT FACILITIES LOCATED IN SOUTH BEND, INDIANA; AUTHORIZING EXECUTION OF A LOAN AGREEMENT; PROVIDING FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY FOR SAID BONDS; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH NOTE. This bill had second reading. Council Member Taylor made a motion to amend this bill, as amended, in the Committee of the Whole, seconded by Council Member Puzzello. The motion carried. Council Member Taylor made a motion to pass the bill, as amended, seconded by Council Member Puzzello. The bill passed by a roll call vote of eight ayes. RESOLUTIONS RESOLUTION NO. 1244 -84 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, SUPPORTING MACOG IN ITS EFFORTS TO SECURE FUNDING FOR A FEASIBILITY STUDY FOR THE POSSIBLE REVITALIZATION OF THE HEATING AND COOLING SYSTEM IN THE STUDEBAKER COORIDOR.