12-30-85 Council Special Meeting Minutes

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SPECIAL MEETING DECEMBERr30, 1985 Be it remembered that the Common Council of the City of South Bend met in the informal meeting room of the County -City Building at 9:00 a.m., December 30. The meeting was called to order and the Pledge to the Flag was given. ROLL CALL Present: Council Members Serge, Braboy, Puzzello, Taylor, Zakrzewski, Paszek, Voorde and Beck Absent: Council Member Crone TO THE MEMBERS OF THE SOUTH BEND COMMON COUNCIL NOTICE OF SPECIAL MEETING OF THE COMMON COUNCIL You are hereby notified that there will be a special meeting of the South Bend Common Council, in the Council informal meeting room, December 30, 1985, at 9:00 a.m., for the purposes outlined below. To have first reading, suspension of rules, and passage of a bill. BILL NO. 184 -85 AN ORDINANCE, AMENDING ORDINANCE NO. 7567 -85, AUTHORIZING THE ISSUANCE AND SALE OF $20,000,000.00 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF MAKING A LOAN TO FINANCE THE ACQUISITION, AND CONSTRUCTION OF CERTAIN ECONOMIC DEVELOPMENT FACILITIES LOCATED IN THE CITY PERTAINING TO MILL RACE, AN INDIANA LIMITED PARTNERSHIP; AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT; PROVIDING FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY FOR SAID BOND; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH NOTE; AND AUTHORIZING THE TERMS AND SALE OF SAID BOND. /s/ Thomas Zakrzewski /s/ John Voorde /s/ Beverlie J. Beck /s/ Eugenia Brabov /s/ Ann Puzzello ATTEST: Irene K. Gammon The within call for a Special Council Meeting came to hand the 27th day of December, 1985, which I serve by reading the same to each Councilman upon the date designated. or by leaving a certified copy thereof at the last and usual place of residence of such members as I was able to find, as follows: /s/ John Voorde /s/ Joseph T. Ser e /s/ Thomas Zakrzewski /s/ Joyce Powell for Beverlie Beck or by leaving a certified copy thereof at the last and usual place of residence of such members as I was able to find, as follows: Robert Taylor Beverly Crone Bev Beck Eugenia Braboy Al Paszak -Ann Puzzello /s/ Sgt Norval Williams Member of the South Bend Police Council Member Taylor made a motion to resolve Dinto tthe tCommittee of the Whole, seconded by Council Member Zakrzewski. 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 30, at 9:05 a.m., with eight members present. BILL NO. 184 -85 AN ORDINANCE, AMENDING ORDINANCE NO. 7567 -85, AUTHORIZING THE ISSUANCE AND SALE OF $20,000,000.00 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF MAKING A LOAN TO FINANCE THE ACQUISITION, AND CONSTRUCTION OF CERTAIN ECONOMIC DEVELOPMENT FACILITIES LOCATED IN THE CITY PERTAINING TO MILL RACE, AN INDIANA LIMITED PARTNERSHIP; AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT; PROVIDING FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY FOR SAID BOND; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH NOTE; AND AUTHORIZING THE TERMS AND SALE OF SAID BOND.