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REGULAR MEETING JANUARY 11, 1982
<br />1. The Project constitutes economic development facilities which shall be fi-
<br />nanced by the City through the issuance of revenue bonds pursuant to the Act and the
<br />City is willing, upon compliance with all provisions of Indiana law, to authorize
<br />approximately Three Hundred Fifty Thousand Dollars ($350,000.00) of its revenue
<br />bonds, which bonds will not be general obligations of the City but will be payable
<br />solely from the limited sources authorized and permitted by the Act.
<br />2. The proposed financing will be of benefit to the economic welfare of the
<br />City and will comply with the purposes and provisions of the Act.
<br />3. P.A.I. Properties may proceed with the acquisition and construction of the
<br />economic development facilities in reliance upon this resolution.
<br />4. That the liability and obligation of the South Bend Economic Development
<br />Commission, the South Bend Common Council and the City of South Bend, Indiana shall
<br />be limited solely to the good faith efforts to consummate such proceeding and issue
<br />such bonds, and the South Bend Economic Development Commission, South Bend Common
<br />Council and the City of South Bend, Indiana, their officers or agents, shall not
<br />incur any liability if for any reason the proposed issuance of such bonds is not
<br />consummated.
<br />This Inducement Resolution shall be in full force and effect from anafter its
<br />adoption by the Common Council and approval by the Mayor.
<br />/s/ John Voorde
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Richard Morgan, attorney
<br />for P.A.I., indicated this inducement resolution was for a proposed bond issue of
<br />$350,000 to construct a manufacturing building in the Monroe- Sample area. Council
<br />member Serge made a motion to adopt this resolution, seconded by Council Member Dom-
<br />browski. The motion carried on a roll call vote of seven ayes.
<br />RESOLUTION NO. 935 -82
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />APPROVING THE DEVELOPMENT PLAN, AS AMENDED, ANDMAKING OF
<br />RELOCATION PAYMENTS FOR THE MONROE- SAMPLE DEVELOPMENT PRO-
<br />JECT AREA.
<br />WHEREAS, the City of South Bend Redevelopment Co
<br />suant to the Redevelopment of Cities and Towns Act of
<br />(the "Act "), has conducted surveys and investigations
<br />area in the City of South Bend, County of St. Joseph,
<br />ated the area as the "Monroe- Sample Development Area"
<br />particularly described by a line drawn as follows:
<br />mmission ( "Commission "), pur-
<br />1953, as amended, (36 -7 -14)
<br />and has thoroughly studied the
<br />State of Indiana, and design -
<br />(the "Area "), which Area is more
<br />A parcel of land being a part of the City of South Bend, Portage Township, St.
<br />Joseph County, Indiana and being more particularly described as follows, viz:
<br />Beginning at the intersection of the centerlines of Michigan Street and Monroe
<br />Street in said City; thence East, along said Monroe Street centerline, to the
<br />centerline of Lincolnway East; thence Southeasterly along said centerline to its
<br />intersection with the centerline of State Road 23; thence Southeasterly and
<br />Westerly along said centerline (being, in part, also known as the centerline of
<br />Sample Street) to its intersection with the centerline of Michgian Street;
<br />thence North along said centerline to the place of beginning.
<br />WHEREAS, the Commission has made detailed studies of the location, physical
<br />condition of structures, land use, environmental influences, and the social, cul-
<br />tural, and economic conditions of the Area and has determined that the Area is a
<br />blighted area and that it constitutes a menace to the social and economic interests
<br />of the City of South Bend and its inhabitants and it would be of public utility and
<br />benefit to acquire real estate in such Area and redevelop the Area under the provi-
<br />sions of the Act; and
<br />WHEREAS, the Commission approved a Development Plan for the Area dated February
<br />2, 1981,.and amended on April 16, 1981 and November 24, 1981 entitled "Monroe- Sample
<br />Development Area,Development Plan, South Bend, Indiana ", consisting of 21 pages (the
<br />"Development Plan "), which has been submitted to the Common Council for review and
<br />approval; and
<br />WHEREAS, the Commission has adopted its Declaratory Resolution No. 648 on Novem-
<br />ber 24, 1981, declaring the Area to be blighted and revising the size of the Monroe -
<br />Sample Design Review Committee as explained on page 6 of the Development Plan; and
<br />WHEREAS, the Area Plan Commission of St. Joseph County, Indiana, which is the
<br />duly designed and acting official planning body for the City of South Bend, has is-
<br />sued its written order approving said Declaratory Resolution and the Development
<br />Plan, as amended, and has certified that said Development Plan, as amended, conforms
<br />to the master plan of development for the City of South Bend; and
<br />WHEREAS, the Common Council its cognizant of the conditions that are imposed
<br />under Title VI of the Civil Rights Act of 1964, as amended, providing that no person
<br />shall, on the grounds of race, age, sex, color, religion, or national origin, be
<br />excluded from participation in, be denied the benefits of, or be subjected to discri-
<br />mination in the undertaking and carrying out of any federally- assisted projects.
<br />
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