01-22-79 Council Meeting Minutes

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96 REGULAR MEETING JANUARY 22 1979 REGULAR MEETING RECONVENED.(CONTINUED) RESOLUTIONS Council Member Adams made a motion to have public hearingon resolution 9B before resolution 9A on the agenda, seconded by Council Member Kopczynski. The motion carried. RESOLUTION NO. 675 -79 A RESOLUTION APPROVING KARL KING HOUSING, INC. WHEREAS, a shortage of decent, safe and sanitary housing for persons and families of low income exists in South Bend, Indiana (the "Locality ") WHEREAS, it is proposed that a multifamily housing project, designated as "Karl King Towers" be constructed in the Locality (the "Project ") to consist of approximately 219 dwelling units intended for occupancy by persons and families of low income; WHEREAS, Karl King Housing, Inc. (the "Corporation ") a non- profit corporation, has been created to provide construction and permanent mortgage financing for the project by the issuance of its bonds; WHEREAS, Section 11(b) of the United States Housing Act of,1937 provides for financial aasistance with respect to housing for persons and families of low income by authorizing an exemption from federal income taxation for interest paid on bonds issued by certain entities, such as the Corporation, to assist in the financing of such housing; WHEREAS, in order to obtain such assistance of the Federal Government, it is necessary for the Housing Authority of the City of South Bend, Indiana (the "Public Body "), to make certain determinations and enter into certain agreements with respect to the Project and the Corporation; and WHEREAS, in order for the Public Body to make such agreements and enter into such agree- ments, it is necessary for the governing body which activated the Public Body to approve the Project: SECTION I. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, that the Project is hereby approved. SECTION II. That this Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Roger 0. Parent Member of the Common Council A public hearing was held on this.resolution at this time. Mr. Kenneth Fedder, attorney re- presenting Karl King Housing, indicated that Karl King Housing provided residential living accomodations to the elderly. He said this resolution was a mechanism to use Federal funds by qualifying them for tax ememption guidelines. Council Member Miller made a motion to amend the resolution by adding Section I t.o the paragraph Now, therefore, be it resolved by the Common Council of the City of South Bend, Indiana, that the Project is hereby approved, and adding a new Section II to read "That this Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor, sec -nded by Council Member Taylor. The motion carried. Council Member Taylor made a motion to adopt this resolu- tion, as amended, seconded by Council Member Adams.. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 676 -79 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT TO THE UNITED STATES GOVERNMENT, DEPARTMENT OF HODUING AND URBAN DEVELOPMENT, AN APPLICATION FOR 1979 -1981 COMMUNITY DEVELOP- MENT BLOCK GRANT FUNDS UNDER TITLE I OF THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1977. WHEREAS, the Mayor of the City of South Bend, Indiana is the Chief Executive Officer of the City, and is the applicant for.Community Development Block Grant Funds under Title I of the Housing and Community Development Act of 1977. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend, Indiana: SECTION I. That the Mayor of the City of South Bend,,Indiana, is hereby authorized to submit the 1979 -1981 Community Development Block Grant Application to the United States Govern- ment under Title I of the Housing and Community Development Act of 1977. SECTION II. That the Common Council of the City of South Bend, Indiana, hereby requests that the Mayor submit the 1979 -1981 Community Development Block Grant application to the Common Council for review and comment at least two (2) weeks prior to the date upon which the Com- munity Development Block Grant Application must be filed with the Department of Housing and Urban Development. SECTION III. That for every activity, project, or program to be funded under this Resolu- tion, the Mayor shall submit to the Common Council a line item budget in ordinance form prior to expenditure of any Community Development Block Grant funds received upon approval of this application. SECTION IV. That the Community Development Block Grant application to be developed and submitted to the Department of Housing and Urban Development, upon approval of this Resolution, include the following concepts for the Monroe- Sample area: