06-10-85 Council Meeting Minutes

Home Browse Search

REGULAR MEETING JUNE 10, 1985 A public hearing was held on the resolution at this time. Joseph Amaral, attorney, indicated that Data Link was expanding their facilities in the Airport Industrial Park. He indicated this expansion will permit employment to over 100 persons. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1298 -85 A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT BETWEEN THE CITY OF SOUTH BEND, INDIANA AND P. JAMES AND M. MARIA SHEETZ PROVIDING FOR THE ISSUANCE BY SAID CITY OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS PURSUANT TO THE PROVISIONS OF INDIANA CODE, TITLE 36, ARTICLE 7, CHAPTER 12, AS AMENDED. The area still has insufficient employment opportunities and insufficient diversification of industries, which conditions are harmful to the economic stability and general welfare of the area and, if not remedied, will be detrimental to the development of such area. The City of South Bend, Indiana (the "City ") is authorized under the provisions of Indiana Code, Title 36, Article 7, Chapter 12, as amended (the "Act "), to acquire, construct and finance economic development projects for the users thereof and to provide for the issuance of revenue bonds in conjunction therewith. The City, in order to implement the public purposes enumerated in the Act and in furtherance thereof to induce P. James and M. Maria Scheetz (the "Borrower ") to purchase of land and construction and equipping of improvements thereon (hereinafter collectively called the "Project ") within the limits of South Bend, Indiana, has indicated its intent to issue its revenue bonds under and pursuant to the provisions of he Act and to apply the proceeds therefrom to the payment of the costs of the Project. The Borrower, after considering a number of possible locations within and outside the State of Indiana, and in reliance upon the intent of the City of finance the Project through the issuance of revenue bonds under the provisions of the Act, has determined to construct and Project within the limits of South Bend, Indiana. It is now deemed advisable to authorize the execution and delivery of the City of a Memorandum of Intent expressing formally and in writing the understanding heretofore formally agreed upon by the City and the Borrower. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana as follow: SECTION 1. The Mayor is hereby authorized and directed to execute a Memorandum of Intent by and between the City and the Borrower and the City Clerk is hereby authorized and directed to affix the seal of the City thereto and to attest the same; and said Mayor and City Clerk are hereby authorized and directed to cause said Memorandum of Intent to be delivered to, accepted, and executed by the Borrower, said Memorandum of Intent, which is hereby approved and incorporated by reference and made a part of this authorizing resolution, to be in substantially the form attached hereto. SECTION 2 - All resolutions and orders, or parts thereof, in conflict with the provisions of this resolution are, to the extent of such conflict, hereby repealed and this resolution shall be in immediate effect from and after its adoption. 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 Common Council A public hearing was held on the resolution at this time. Kenneth Fedder, attorney for the Economic Development Commission, indicated they planned to construct a building in the Landmark Business Park near the Toll Road to be leased to the local ChemLawn franchisee. He indicated 14 new permanent jobs will be created. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1299 -85 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA APPROVING A LEASE PURCHASE AGREEMENT FOR CAPITAL EQUIPMENT. WHEREAS, the City of South Bend needs to replace certain capital equipment in order to provide essential services in an economic manner; and WHEREAS, the Board of Public Works on behalf of the Fire Department, Public Works Department and Department of Public Parks has received competitive bids for equipment for said departments and has awarded contracts for same; and WHEREAS, the Board of Public Works has solicited proposals for the financing of said equipment through a lease purchase agreement; and