12-30-83 Council Meeting Minutes

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REGULAR MEETING DECEMBER 30, 1983 BILLS, FIRST READING ORDINANCE NO. 7284 -83 AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND, INDIANA TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS FOR THE LOCK JOINT TUBE COMPANY, INC. 1983 PROJECT IN THE AGGREGATE PRINCIPAL AMOUNT OF $1,250,000.00 AND APPROVING BOND DOCUMENTS AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THEREOF. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Council Member McGann made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Member Taylor. The motion carried ona roll call vote of nine ayes. Kenneth Fedder, attorney for the Economic Development Commission, made the presentation for the bill. He indicated this was a 2.3 million dollar expansion to the existing facility. He indicated ten to twelve new jobs will be created. Council Member Szymkowiak made a motion to pass this bill, seconded by Council Member Zielinski. The bill passed by a roll call vote of nine ayes. ORDINANCE NO. 7285 -83 AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1983 (STEEL WAREHOUSE CO., INC. PROJECT)" AND APPROVING OTHER ACTIONS IN RESPECT THERETO. This bill had first reading. Council Member McGann made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Memer Zielinski. 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. Kenneth Fedder, attorney for the Economic Development Commission, made the presentation for the bill. He indicated this bond issue would be used to construct an addition to the existing facility, as well as install additional machinery. He indicated that six to twelve jobs will be created. 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. NEW BUSINESS Irene Gammon, City Clerk read the following notice: December 30, 1983 Notice is hereby given that I will make a motion to reconsider my vote on Business Development Corporation made on December 30, 1983, at the Common Council meeting to be held on January 9, 1984. I voted on the majority side, and this is in keeping with the provisions of City Ordinance 2 -9 (s): (s) Motion to reconsider: When a motion has been made and carried or lost, it shall be in order for any member of the majority at the same or the next regular meeting, to move for the reconsideration thereof. Such a motion upon being made may be seconded by any Councilman and may be made at any time. It shall be debatable and requires a majority vote to prevail. No such motion shall be introduced at a subsequent meeting, unless the member intending to make the same shall have given written notice of such intention at the meeting at which the vote which he desires to have reconsidered was taken. There being no further business to come Member Taylor made a motion to adjourn, carried and the meeting was adourned at ATTEST: 4---.,-- 1 City Clerk before the Council, unfinished or new, Council seconded by Council Member Serge. The motion 9:18 a.m. APPROVED: �,, J,4,iR- - kv's-i'd e n t .er5 v`a I � L-.