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REGULAR MEETING JUNE 23. 1975
<br />REGULAR MEETING (CONTINUED)
<br />At this time, Council President Parent indicated that Mr. Robert G. Swanson, President of the
<br />Michiana Chapter of the National Paraplegia Foundation, had asked to make a short presentation to
<br />the Council. He introduced Mr. Swanson to the audience and Council members. Mr. Swanson indicate(
<br />that he resided at 2734 Arrowhead Drive, and he presented to Council President Parent petitions
<br />containing 8,000 signatures of citizens of South Bend who supported the need for public transporta•
<br />tion for the elderly and disabled persons in the community. He stated that these persons advocate
<br />a program to provide public transportation in the form of a dial -a -bus or mini -bus, etc., and the
<br />installation of hydraulic lifts for wheelchair persons. He talked about the needs of the elderly
<br />in the downtown area once the housing project was completed. He stated that there was not a groce:
<br />store in the immediate vicinity, something which was a necessity. He talked about the possibility
<br />of an injunction being filed against the Public Transportation Corporation of South Bend because o:
<br />its neglect shown to the handicapped and elderly for many years. He mentioned the possibility of
<br />future funds for the Public Transportation Corporation being cut off if the injunction was filed.
<br />He asked that the City Council attend the meeting of the County Council which was scheduled for
<br />June 24th because a public hearing was to be held at that time concerning the proposed employment
<br />tax for the Public Transportation Corporation. Council President Parent thanked Mr. Swanson for
<br />his efforts in helping the handicapped and elderly of the community.
<br />Councilman Taylor made a motion to resolve into the Committee of the Whole, seconded by Councilman
<br />Serge. The motion carried.
<br />COMMITTEE OF THE WHOLE MEETING
<br />Be it remembered that the Common Council of the City of South Bend met in the Committee of the
<br />Whole on Monday, June 23, 1975, at 7:15 p.m., with nine members present. Chairman Odell Newburn
<br />presided.
<br />ORDINANCE AN ORDINANCE APPROVING THE FORM AND TERMS
<br />OF THE LEASE AGREEMENT AND INDENTURE OF
<br />TRUST AND INDUSTRIAL DEVELOPMENT REVENUE
<br />BONDS AND AUTHORIZING THE EXECUTION
<br />THEREOF PERTAINING TO ALFRED ZEILER, JR.
<br />This being the time heretofore set for public hearing on the above ordinance, proponents and
<br />opponents were given an opportunity to be heard. Mr. Kenneth Fedder, Attorney for the South Bend
<br />Development Commission, indicated that the commission has been active although he had not appeared
<br />before the Council for a few weeks asking for approval of bond issues. He stated that, on May 23,
<br />1975, the commission passed its resolution pertaining to the application of Alfred Zeiler. He
<br />indicated that the County Council had also passed a resolution agreeing with the underlying purpos,
<br />of the application. He indicated that Mr. Richard Kramer, the attorney representing the firm,
<br />Alectrico Corporation, was present to make a brief explanation concerning the bond issue. Mr.
<br />Kramer indicated that the amount of the proposed bond was $425,000 over a period of 20 years in
<br />accordance with the terms of the lease agreement and indenture of trust. He introduced Mr. Alfred
<br />Zeiler, principal stockholder of the corporation. He explained that the company dealt with elec-
<br />trical contracts for industry and electrical rewinding and rebuilding work. He indicated that, if
<br />the bond issue was approved, Mr. Zeiler would be able to acquire an existing facility in St.
<br />Joseph County. This facility would be remodeled and re- equipped. At the present time, 44 persons
<br />were employed and the firm handled an annual payroll of $550,000 to $575,000. With the new facili-
<br />the number of jobs would be increased to 75 persons with a payroll around $900,000 and over.
<br />Councilman Kopczynski asked about the normal area of operation for the firm. Mr. Zeiler indicated
<br />that the normal area would be expanded to approximately 75 miles along Lake Michigan. Councilman
<br />Kopczynski wondered how long the corporation had been in existence, and Mr. Zeiler indicated that
<br />the firm had been in existence 13 years. Councilman Serge asked about the location of the
<br />company, and Mr. Kramer indicated that the firm would be moved from Union Street in Mishawaka to
<br />Currant Road north of McKinley Highway.
<br />Councilman Szymkowiak made a motion that the ordinance be recommended favorably to the Common
<br />Council, seconded by Councilman Serge. The motion carried.
<br />ORDINANCE AN ORDINANCE PROVIDING FOR THE FINANCING AND
<br />ACQUISITION OF AN ECONOMIC DEVELOPMENT PROJECT
<br />AND THE LEASING OF THE SAME TO ST. JOSEPH
<br />DEVELOPMENT CO., INC., AN INDIANA CORPORATION;
<br />AUTHORIZING THE SUBLETTING OF PORTIONS OF SUCH
<br />PROJECT TO, AMONG OTHERS, ST. JOSEPH BANK AND
<br />TRUST COMPANY, AN INDIANA BANKING ASSOCIATION;
<br />AUTHORIZING THE ISSUANCE AND CONFIRMING THE
<br />SALE OF $2,300,000 PRINCIPAL AMOUNT OF
<br />ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES
<br />1975 (ST. JOSEPH DEVELOPMENT CO., INC. PROJECT)
<br />FOR THE PURPOSE OF PAYING THE COST OF FINANCING
<br />AND ACQUIRING THE ECONOMIC DEVELOPMENT PROJECT
<br />AND NECESSARY EXPENSES INCIDENTAL THERETO;
<br />AUTHORIZING THE EXECUTION AND DELIVERY OF AN
<br />INDENTURE SECURING THE BONDS; APPROVING THE
<br />FORM OF A SUBLEASE FROM ST. JOSEPH DEVELOPMENT
<br />CO., INC. TO ST. JOSEPH BANK AND TRUST COMPANY;
<br />AND PRESCRIBING OTHER MATTERS PERTAINING
<br />THERETO.
<br />This being the time heretofore set for public hearing on the above ordinance, proponents and
<br />opponents were given an opportunity to be heard. Mr. Kenneth Fedder, Attorney for the South Bend
<br />Development Commission, made the presentation for the ordinance. He stated that the application
<br />has been worked on at the commission level for several years. He stated that, on January 16, 1974
<br />an ordinance and resolution was filed with the Council which was referred to the Ordinance Committ
<br />He requested that the ordinance and resolution be stricken on the basis of the new ordinance which
<br />was filed on May 30, 1975, which was having public hearing at this time. Councilman Nemeth made a
<br />motion to strike the ordinance and resolution pertaining to St. Joseph Development which was filed
<br />in the City Clerk's Office on January 16, 1974, seconded by Councilman Kopczynski. The motion
<br />carried. Mr. Fedder indicated that the facility was already in operation at the present time and
<br />was occupied primarily by the IBM Corporation. He stated that Mr. C. Victor Manny from the Chicag
<br />�y .
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