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<br />SPECIAL MEETING FEBRUARY 7, 1979
<br />Be it remembered that the Common Council of the City of South Bend met in a Special Meeting
<br />in the Council Chambers of the County -City Building on Thursday, September 27, 1979 at 4:00 p.m.
<br />The meeting was called to order and the Pledge to the Flag was given.
<br />NOTICE OF SPECIAL MEETING OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />Pursuant to I.C. 18 -1 -3 -2 and Chapter 2, Section 5 of the South Bend Municipal Code, I hereby
<br />call a special meeting of the Common Council of the City of South Bend for the specific purpose
<br />of considering a resolution authorizing the City to convey, for valuable consideration, the
<br />public improvements to be constructed in the First Bank Center Project area to FBT Bancorp,
<br />Inc. and RAHN Properties, II, the redevelopers of the First Bank Project area. This special
<br />meeting shall be held on September 27, 1979, at 4:00 p.m. Only such business shall be con -
<br />ducted at this special meeting as is specifically stated in this call.
<br />/s /Peter J. Nemeth
<br />Peter J. Nemeth, Mayor
<br />ATTEST:
<br />/s /Jo Ann Harper
<br />Jo Ann Harper, Deputy City Clerk
<br />SEAL
<br />ROLL CALL PRESENT: Council Members Serge, Szymkowiak, Taylor, Kopczynski Adams,
<br />Dombrowski, Horvath and Parent
<br />ABSENT: Council Member Miller
<br />RESOLUTION NO. 723 -79 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
<br />INDIANA AUTHORIZING THE BOARD OF PUBLIC WORKS TO CONVEY CERTAIN
<br />PUBLIC IMPROVEMENTS TO BE LOCATED IN A MULTI -USE PROJECT IN THE
<br />BLOCK BOUNDED BY COLFAX, MICHIGAN, WASHINGTON AND ST. JOSEPH
<br />STREETS TO FBT BANCORP, INC., AND RAHN PROPERTIES II.
<br />WHEREAS, construction has commenced on a multi -use complex consisting of an office build-
<br />ing, a first -class hotel,an enclosed atrium interconnecting the various structures, an all -weath
<br />garage, and an enclosed walkway to the Century Mall, all of which improv- ements will be located
<br />in an area bounded by Colfax Avenue on the North, St. Joseph Street on the East, Washington
<br />Street on the South and Michigan Street on the West, in South Bend, Indiana; and
<br />WHEREAS, the CIty of South Bend has received approval from the United States Department of
<br />Housing and Urban Development under Title I of the Housing and Community Development Act of 1977
<br />for an Urban Development Action Grant in the amount of $7,600,000.00 for construction of the
<br />public improvements in theproject, to -wit, the garage, atrium and walkway; and
<br />WHEREAS, the successful completion of the project is in the best interests of the citizens
<br />and taxpayers of the City of South Bend, Indiana, in that the project will foster additional
<br />permanent jobs in the community, will expand the tax base of the City, and will promote ad-
<br />ditional economic development throughout the community; and
<br />WHEREAS, the Board of Public Works desires to convey the public improvements to be located
<br />in the multi -use complex to FBT Bancorp, Inc. and RAHN Properties II, the developers of the
<br />project, for valuable consideration thereby relieving theCity of the costs associated with the
<br />maintenance and operation of such improvements while making such improvements subject to propert
<br />taxation; and
<br />WHEREAS, the Board of Public Works wishes to guarantee reasonable access to and use of
<br />the public improvements to the general public for such time as the developers shall own such
<br />improvements; and
<br />WHEREAS, this conveyance is deemed necessary by bond counsel for the project in order to
<br />preserve the tax - exempt status of the industrial development bonds which the developers have
<br />applied for; and
<br />WHEREAS, such conveyance is authorized by State Law (I.C. 18- 1- 1.5- 2(d)).
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana
<br />as follows:
<br />SECTION I. The Board of Public Works of the City ofSouth Bend hereby is authorized to
<br />agree to transfer the public improvements to be constructed in the multi -use project, to -wit,
<br />the garage, atrium and walkway, to FBT Bancorp, Inc. and RAHN Properties II pursuant to the
<br />terms and conditions set forth in the separate agreements which are attached hereto as Exhibits
<br />A and B.
<br />SECTION II. This Resolution shall be in full force and effect from and after its passage
<br />by the Common Council, and its approval by the Mayor.
<br />/s /Walter M. Szymkowiak
<br />Member of the Common Council
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