12-12-83 Council Meeting Minutes

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REGULAR MEETING DECEMBER 12 1983 This bill had first reading. Council Member Voorde made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Member Harris. The motion carried on a roll call. vote of nine ayes. This being the time heretofore set for public hearing on the above bill., proponents and opponents were given an opportunity to be heard. Charles Boynton, attorney representing the Economic Development Commission, made the presentation for the bill. He indicated this $1,172,310 bond issue would be used to rehabilitate and purchase the First Bank Building. He indicated the facility is located within the target area. He indicated twenty to thirty new positions would be created. Richard Morgan, attorney for the petitioners, indicated that the Upjohn Corporation was going to open an office in the First Bank and they will employ twenty to thirty people. Council Member Szymkowiak made a motion to pass this bill, seconded by Council Member McGann. The bill passed by a roll call vote of nine ayes. BILL NO. 142 -83 A BILL AUTHORIZING THE ISSUANCE OF $1,172,310.00 ECONOMIC DEVELOPMENT REVENUE BONDS CENTER CITY HOUSING PROJECT OF THE CITY OF SOUTH BEND, INDIANA FOR THE PURPOSE OF FUNDING A LOAN TO CENTER CITY HOUSING, AN INDIANA LIMITED PARTNERSHIP, IN ORDER TO FINANCE THE ACQUISITION AND CONSTRUCTION OF CERTAIN REAL ESTATE AND ECONOMIC DEVELOPMENT FACILITIES LOCATED WITHIN ST. JOSEPH COUNTY, INDIANA, FOR USE BY CENTER CITY HOUSING: AUTHORIZING EXECUTION OF THE LOAN AGREEMENT, MORTGAGE AND SECURITY AGREEMENT: AUTHORIZING THE INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM THE LOAN AGREEMENT: AND AUTHORIZING THE TERMS AND SALE OF SAID BONDS. This bill had first reading. Council Member Taylor made a motion to set this bill for public hearing and second reading January 9, seconded by Council Member McGann. The motion carried. BILL NO. 143 -83 A BILL AMENDING ORDINANCE NO. 4990 -68, AS AMENDED, COMMONLY KNOWN AS THE ZONING ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA (CHAPTER 21, MUNICIPAL CODE) (IRELAND ROAD, 660 FEET WEST OF THE INTERSECTION OF IRELAND AND IRONWOOD.) This bill had first reading. Council Member Taylor made a motion to refer this bill to Area Plan, seconded by Council Member McGann. The motion carried. There being no further business to come before the Council, unfinished or new, Council Member Taylor made a motion to adjourn, seconded by Council Member McGann. The motion carried and the meeting was adjourned at 4:50 p.m. ATTEST: X91' City Clerk APPROVED: ,-.s ev C/