09-26-83 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 26, 1983 The economic welfare of the City would be benefitted by the acquisition, construction and installation of economic development facilities pursuant to the provisions of Indiana Code 36 -7 -12 (the "Act "); and Allied Products Corporation (the "Company "), proposes to acquire, construct and install economic development facilities as defined in the Act if the City will finance costs of such economic development facilities pursuant to the Act; and The South Bend Economic Development Commission has adopted a resolution making certain findings with respect to such proposed economic development facilities (the "Project "), and has forwarded such resolution to this Common Council; NOW, THEREFORE, the Common Council of the City of South Bend, Indiana resolves as follows: 1. The project constitutes economic development facilities which may be financed by the City through the issuance of revenue bonds pursuant to the Act, and the City is willing upon compliance with all provisions of Indiana law to authorize the issuance of its revenue bonds in an amount not to exceed $6,500,000, which bonds will not be general obligations of the city but will be payable - solely from the limited sources authorized and permitted by the Act. 2. The proposed financing will be of benefit to the economic welfare of the City and will comply with the purposes and provisions of the Act. 3. The Company may proceed with acquisition, construction and installation of the economic development facilities in reliance upon this resolution. 4. Any expenses incurred in connection with these - proceedings shall be included in the Project Costs and reimbursed from the proceeds of said Bonds. 5. The liability and obligation of the Commission and the City shall be limited solely to the good faith efforts to consummate said proceedings and issue the Bonds and neither the Commission, the city, its officers or agents shall incur any liability whatsoever if, for any reason, the proposed issuance of the Bonds is not consummated. 6. This inducement Resolution shall be in full force and effect from and after its adoption by the Common Council. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution. Kenneth Fedder, attorney for the Economic Development Commission, indicated Allied Products Corporation planned to purchase a portion of the lease complex, renovate the complex and purchase additional equipment. He indicated that approximately 25 additional employees would be hired. Council Member Szymkowiak 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. 1090 -83 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH ST. JOSEPH COUNTY AND THE CITY OF MISHAWAKA FOR THE PURPOSE OF AMENDING THE CHARTER AGREEMENT WHICH ESTABLISHES THE ST. JOSEPH COUNTY EMPLOYMENT TRAINING CONSORTIUM, HEREAFTER TO BE KNOWN AS THE ST. JOSEPH COUNTY JOB TRAINING PROGRAM, TO BE THE GRANT RECIPIENT AND ADMINISTRATOR OF FUNDS UNDER THE JOB TRAINING PROGRAM ACT. WHEREAS, the Mayor of the City of South Bend is the Chief Executive Officer of the City; and WHEREAS, the Governor of Indiana has designated an area consisting of St. Joseph County, Indiana, as the designated service area to receive funds and administer programs under the Job Training Parnership Act; and WHEREAS, the Mayor of South Bend, in conjunction with the Chief elected officials of the City of Mishawaka and St. Joseph County, has agreed with Michiana PIC, Inc., a private industry council for the designated service area for the purposes of the Job Training Partnership Act, that a joint board consisting of the chief elected officials of Mishawaka, South Bend, and St. Joseph County and two representatives of Michiana PIC, Inc., shall act as grant recipient and the administrative entity for the Job Training Partnership funds; and WHEREAS, the City of South Bend has already entered into an agreement with St. Joseph County to establish a joint Employment and Training Consortium pursuant to Resolutions of this Council; and WHEREAS, to facilitate the transition from the Comprehensive and Employment Training Act of 1973 as amended to the Job Training Partnership Act, it would be best to utilize the already staff and expertise of the entity heretofore known as the St.