04-09-79 Council Meeting Minutes

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REGULAR MEETING APRIL 9, 1979 REGULAR MEETING RECONVENED (CONTINUED) Exist in the Issuer, this Common Council determines to commence negotiations with the Company concerning the terms of a loan agreement and desires to initiate certain formal steps to secure the commitment of the Company to acquire and use the Facility and to provide for other matters incidental thereto. SECTION 3. Upon the approval and execution by the Commission of an agreement containing substantially the same terms and conditions as Exhibit A attached thereto, the Mayor is authoriz- ed and directed to execute the Agreement in the form attached hereto as Exhibit A, and such Agreement as attached hereto is hereby in all respects approved. SECTION 4. This resolution shall be in full force and effect from and after its passage by the Common Council, signed by the President of the Common Council and approved by the Mayor. /s/ Mary Christine Adams Member of Common Council A public hearing was held on the resolution at this time. Mr. Warren McGill, attorney, indicate( this was an inducement resolution. He said this company planned to build a forging facility in the Airport Industrial Park. He indicated this would be a $6,000,000 project and will initially employ sixty -one employees. He indicated this was an Ohio firm and they were very pleased that they had decided to build an operation in South Bend. He indicated that if the Economic Development Commission approves the bonding, this will come beforethe Council in the form of an ordinance. Council Member Adams made a motion to adopt this resolution, seconded by Council Member Horvath. The resolution was adopted by a roll call vote of eight ayes. BILLS, FIRST READING ORDINANCE NO. 6586 -79 AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO H.T.W. PARTNERSHIP, AN INDIANA PARTNERSHIP. This bill had first reading. Council Member Miller made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Member Adams. The motion carried on a roll call vote of eight ayes. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Mr. Kenneth Fedder, attorney for the Economic Development Commission,. made the presentation for the bill. He indicated this was a supplemental issue of $150,000 for the expansion and completion of facilities located at 3722 Foundation Court. Council Member Serge made a motion to pass this bill, seconded by Council Memberpombrowski. The bill passed by a roll call vote of eight ayes. BILL NO. 41 -79 A BILL APPROPRIATING $14,735.00 FROM THE FEDERAL ASSISTANCE GRANT, COMMONLY REFERRED TO AS GENERAL REVENUE SHARING, FOR VARIOUS PUBLIC WORKS PROGRAMS TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DEPARTMENT OF EMPLOYMENT AND TRAIN - ING. This bill had first reading. Council Member Miller made a motion to set this bill for public hearing and second reading May 14, 1979, seconded by Council Member Adams. The motion carried. BILL NO. 42 -79 A BILL APPROPRIATING $13,000.00 TO ACCOUNT 722.0, MOTOR EQUIPMENT, FOR THE POLICE DEPARTMENT BUDGET IN THE GENERAL FUND OF THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Miller made a motion to set this bill for public hearing and second reading May 14, 1979, seconded by Council Member Adams. The motion carried. BILL NO. 43 -79 A BILL APPROPRIATING INTEREST EARNED FROM THE PURCHASE OF CERTIFICIATES OF DEPOSIT OUT OF THE PROCEEDS OF THE 1977 PARK DISTRICT BOND CONSTRUCTION FUND 50 IN THE AMOUNT OF $48,000.00. This bill had first reading. Council Member Miller made a motion to set this bill for public hearing and second reading May 14, 1979, seconded by Council Member Adams. The motion carried. BILL NO. 44 -79 A BILL APPROPRIATING $20,000.00 FROM THE FEDERAL ASSISTANCE GRANT, COMMONLY REFERRED TO AS GENERAL REVENUE SHARING, FOR THE ACQUISITION OF PROTECTIVE COATS FOR THE SOUTH BEND FIRE DEPARTMENT. TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THRUGH ITS FIRE DEPARTMENT. This bill -.had first reading. Council Member Miller made a motion to set this bill for public hearing and second reading May 14, 1979, seconded by Council Member Dombrowski. The motion carrif NEW BUSINESS Council Member Miller made a motion that the next regularly scheduled meeting of the CouiVl be May 14, 1979, seconded by Council Member Horvath. The motion carried. There being no further business to come before the Council, unfinished or new, Council Membe Dombrowski made a motion to adjourn, seconded by Council Member Adams. The motion carried and the meeting was adjourned at 9:12 p.m. ATTEST: APPROVED: , City Clerk Presi nt ;