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REGULAR MEETING DECEMBER 2, 1985
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<br />Council Member Braboy made a motion to continue public hearing and second reading on
<br />this bill, until December 16, seconded by Council Member Puzzello. The motion
<br />carried.
<br />BILL NO. 133 -85 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "),
<br />TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1985
<br />(STANZ REALTY COMPANY, AN INDIANA PARTNERSHIP PROJECT), IN THE
<br />AGGREGATE PRINCIPAL AMOUNT OF ONE MILLION FIVE HUNDRED THOUSAND
<br />DOLLARS ($1,500,000.00) AND APPROVING AND AUTHORIZING CERTAIN
<br />ACTIONS WITH RESPECT THERETO.
<br />This being the time heretofore set for public
<br />and opponents were given an opportunity to be
<br />the Economic Development Commission, made the
<br />indicated that Stanz Cheese planned to expand
<br />indicated ten new jobs will be created. Coun,
<br />recommend this bill to the Council favorable,
<br />The motion carried.
<br />hearing on the above bill, proponents
<br />heard. Kenneth Fedder, attorney for
<br />presentation for the bill. He
<br />their present facilities. He
<br />ail Member Zakrzewski made a motion to
<br />seconded by Council Member Taylor.
<br />BILL NO. 136 -85 A BILL OF THE CITY OF SOUTH BEND, INDIANA, RE: $11,000,000 CITY
<br />OF SOUTH BEND, INDIANA, MULTI - FAMILY HOUSING REVENUE BONDS (THE
<br />RAINTREE POINT APARTMENTS PROJECT) 1985 SERIES.
<br />Council Member Puzzello made a motion to continue public hearing and second reading
<br />on this bill until December 16, seconded by Council Member Zakrzewski. The motion
<br />carried.
<br />BILL NO. 138 -85
<br />A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "),
<br />TO ISSUE ITS 1985 ECONOMIC DEVELOPMENT REVENUE BOND, (FRANK
<br />DARNELL PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF TWO
<br />MILLION FOUR HUNDRED THOUSAND DOLLARS ($2,400,000) AND APPROVING
<br />AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO.
<br />This being the time heretofore set for public hearing on the above bill, proponents
<br />and opponents were given an opportunity to be heard. Council Member Voorde made a
<br />motion to accept the substitute bill on file with the City Clerk, seconded by
<br />Council Member Puzzello. The motion carried. Kenneth Fedder, attorney for the
<br />Economic Development Commission, made the presentation for the bill. He indicated
<br />that South Bend Drug planned to relocate their facility to the Landmark Business
<br />Park. He indicated 27 new jobs will be created. Council Member Beck made a motion
<br />to recommend this bill to the Council favorable, as amended, seconded by Council
<br />Member Zakrzewski. The motion carried.
<br />BILL NO. 139 -85
<br />A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "),
<br />TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BOND, SERIES 1985
<br />(O'BRIEN CORPORATION PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT
<br />OF TWO MILLION DOLLARS ($2,000,000.00) AND APPROVING AND
<br />AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO.
<br />Council Member Taylor made a motion to continue public hearing and second reading on
<br />this bill until December 16, seconded by Council Member Zakrzewski. The motion
<br />carried.
<br />BILL NO. 140 -85
<br />A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "),
<br />TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BOND, SERIES 1985
<br />(HARRISON MANAGEMENT COMPANY AN INDIANA PARTNERSHIP PROJECT), IN
<br />THE AGGREGATE PRINCIPAL AMOUNT OF SEVEN HUNDRED THOUSAND DOLLARS
<br />($700,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH
<br />RESPECT THERETO.
<br />This being the time heretofore set for public hearing on the above bill, proponents
<br />and opponents were given an opportunity to be heard. Kenneth Fedder, attorney for
<br />the Economic Development Commission, made the presentation for the bill. Council
<br />Member Crone made a motion to to accept the substitute bill on file with the City
<br />Clerk, seconded by Council Member Zakrzewski. The motion carried. Mr. Fedder
<br />indicated the bill should be further amended by changing the percentage on page 3 to
<br />78 %. Council Member Taylor made a motion to amend, seconded by Council Member
<br />Zakrzewski. The motion carried. Mr. Fedder indicated that Harrison planned to use
<br />the bond proceeds to finance construction of a manufacturing facility to be leased
<br />to Container Services. Council Member Taylor made a motion to recommend this bill
<br />to the Council favorable, as amended, seconded by Council Member Puzzello. The
<br />motion carried.
<br />BILL NO. 141 -85
<br />A BILL AUTHORIZING THE OF SOUTH BEND, INDIANA (THE "CITY ") TO
<br />ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BOND, SERIES 1985
<br />(CONTAINER SERVICE CORPORATION PROJECT), IN THE AGGREGATE
<br />PRINCIPAL AMOUNT OF EIGHT HUNDRED THOUSAND DOLLARS ($800,000.00)
<br />AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT
<br />THERETO.
<br />This being the time heretofore set for public hearing on the above bill, proponents
<br />and opponents were given an opportunity to be heard. Council Member Crone made a
<br />motion to accept the.substitute bill on file with the City Clerk, seconded by
<br />Council Member Voorde. The motion carried. Kenneth Fedder, attorney for the
<br />Economic Development Commission, made the presentation for the bill. He indicated
<br />
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