|
3
<br />REGULAR MEETING JUNE 9, 1975
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />ORDINANCE AN ORDINANCE AMENDING ORDINANCE NO. 4990 -68,
<br />AS AMENDED, COMMONLY KNOWN AS THE ZONING
<br />ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA
<br />(CHAPTER 21, MUNICIPAL CODE) - 300 block of
<br />East LaSalle Street.
<br />This ordinance had first reading. Councilman Taylor made a motion to refer the ordinance, along
<br />with the petition, to the Area Plan Commission, seconded by Councilman Miller. The motion carried
<br />ORDINANCE NO. 5844 -75 AN ORDINANCE APPROVING AN AGREEMENT BETWEEN
<br />THE CITY OF SOUTH BEND, INDIANA, AND THE
<br />ECONOMIC DEVELOPMENT ADMINISTRATION.
<br />This ordinance had first reading. Councilman Miller made a motion to suspend the rules and take
<br />action on the ordinance, seconded by Councilman Taylor. The motion carried by a roll call vote of
<br />nine ayes (Councilmen Serge, Szymkowiak, Miller, Taylor, Kopczynski, Horvath, Nemeth, Newburn and
<br />Parent). The ordinance then had second reading. Mr. Warren Deahl, Attorney at Law practicing in
<br />the First Bank Building, indicated that the ordinance would approve a $5 million grant for the
<br />acquisition of South Bend Lathe, Inc., a division of Amsted Industries. He stated that Amsted
<br />Industries had endeavored to sell but had been unsuccessful and the possibility of liquidation had
<br />to be considered. The $5 million grant would impose certain restrictions and an Industrial
<br />Revolving Fund of South Bend would be established. He indicated that the grant would be a loan at
<br />a rate not to exceed three percent and not to exceed twenty -five years. Once the loan has been
<br />repaid from the new company, there would be in the Industrial Revolving Fund monies to be reloaned
<br />on favorable terms. He referred to the trust agreement attached to the ordinance, indicating that
<br />the proceeds would be used to promote and finance the use of Employee Stock Ownership Plans to
<br />assist companies in South Bend which are threatened with closing and to effect economic adjustment
<br />within South Bend in any other manner consistent with the Public Works and Economic Development
<br />Act of 1965; and for industrial purposes consistent with the Act as may be allowed by grant amend-
<br />ment. He stated that the trust agreement would be administered by a Board of Directors or committ
<br />which would consist of five members appointed by the Mayor as follows: The Director of the Manpow
<br />Program, the Controller of the city, the Trustee, the President of the Industrial Foundation, and
<br />the Director of the Industrial Council and Human Resources Division of the South Bend - Mishawaka
<br />Area Chamber of Commerce. Mr. Deahl indicated that any subsequent loans would be subject to the
<br />approval of the Economic Development Administration. The monies coming to the city would enable a
<br />new South Bend Lathe to acquire assets and continue the operation of the industry. He requested
<br />the Council's favorable consideration on the ordinance. It was indicated that an amendment was
<br />needed to page 3 of the Trust Agreement where it was stated the Director of the Manpower Program
<br />would serve on the Board of Directors. Mr. Deahl asked that the Council amend page 3 by changing
<br />subparagraph (a) to: Director of Human Resources and Economic Development of the City.
<br />Councilman Nemeth made a motion to amend page 3 of the Trust Agreement as follows: Subparagraph
<br />4,(a) to read: The Director of Human Resources and Economic Development of the City. The motion
<br />was seconded by Councilman Newburn. The motion carried. Councilman Nemeth then made a motion to
<br />pass the ordinance, as amended, seconded by Councilman Kopczynski. Council, President Parent felt
<br />the grant was unique in that the grant was not an outright grant but would set up a revolving fund
<br />to help industry in the future. He felt this was significant for the City of South Bend. The
<br />ordinance passed by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Taylor,
<br />Kopczynski, Horvath, Nemeth, Newburn and Parent).
<br />ORDINANCE AN ORDINANCE APPROPRIATING $25,000.00 FROM
<br />THE FEDERAL ASSISTANCE GRANT, COMMONLY
<br />REFERRED TO AS GENERAL REVENUE SHARING, FOR
<br />VARIOUS PUBLIC SAFETY PROGRAMS, TO BE ADMIN-
<br />ISTERED BY THE CITY OF SOUTH BEND THROUGH
<br />ITS DEPARTMENT OF PUBLIC SAFETY.
<br />This ordinance had first reading. Councilman Taylor made a motion to refer the ordinance to the
<br />Public Safety Committee and also set it for public hearing and second reading on June 23, 1975,
<br />seconded by Councilman Serge. The motion carried.
<br />NEW BUSINESS
<br />Councilman Serge indicated that 138 home owners living in the vicinity of Boland Park had reques
<br />an access to the park from Bendix Drive rather than Tomahawk Trail. He stated that the petition
<br />had been filed with the Board of Public Works and he hoped the City Engineer would consider the
<br />request once Bendix Drive was widened.
<br />There being no further business to come before the Council, unfinished or new, Councilman Nemeth
<br />made a motion to adjourn, seconded by Councilman Kopczynski. The motion carried, and the meeting
<br />adjourned at 8:45 p.m.
<br />ATTEST:
<br />CIT CLERK
<br />APPROVED:
<br />N
<br />1++++++++++++++++++++++++++++++++++++++++++++ + + + + + + + + + + + + + + + + + + + + + * + + + + + + + ++
<br />'f
<br />
|