10-10-72 Council Meeting Minutes

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REGULAR MEETING OCTOBER 10, 1972 COMMITTEE OF THE WHOLE MEETING (CONTINUED) ORDINANCE AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE AND TRUST INDENTURE AND ECONOMIC DEVELOPMENT REVENUE BONDS AND THE FORM AND TERMS OF THE LEASE AND TRUST INDENTURE AND BONDS AND THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO C. E. LEE COMPANY, INC. This being the time heretofore set for public hearing on this ordinance, proponents and opponents were given an opportunity to be heard thereon. Mr. Kenneth Fedder, Attorney for the Economic Development Commission, said that he had been before the Council before representing the Commis- sion on similar revenue bond issues. This bond issue will never become a civil liability on the citizens of South Bend. The Commission recognized that the economic need existed and that the program should go forward. The ordinance deals with C. E. Lee Company, Inc., a business estab- lishment in the community for 100 years. They are presently in the process of renovating the structure at 215 South Main Street. The property is in the downtown renewal area. The project will increase the downtown tax base, provide a gain in the employment factor, and be of benefit to the city. The amount of the bonds is $197,000 and the Commission would hope for favorable action by the Council. Councilman Taylor made a motion that the ordinance go to the Council as favorable, seconded by Councilman Nemeth. Motion carried. ORDINANCE AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE AND TRUST INDENTURE AND ECONOMIC DEVELOPMENT REVENUE BONDS AND THE FORM AND TERMS OF THE LEASE AND TRUST INDENTURE AND BONDS AND THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO INTERNATIONAL BAKERS SERVICES, INC. This being the time heretofore set for public hearing on the above ordinance, proponents and opponents were given an opportunity to be heard thereon. Mr. Kenneth Fedder, Attorney for the Economic Development Commission explained that this is the same type of ordinance as the one just heard. The amount of the bonds is $350,000 and the lessee is International Bakers Services, Inc. Councilman Szymkowiak made a motion that the ordinance go to the Council as favorable, seconded by Councilman Serge. Motion carried. ORDINANCE AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION IN THE AMOUNT OF $4,500 FROM THE GENERAL FUND AND THE TRANSFER OF SAME TO ACCOUNT T -726 "OTHER-EQUIPMENT" IN THE TRAFFIC DEPARTMENT BUDGET, SAID ACCOUNT BEING WITHIN THE GENERAL FUND. This being the time heretofore set for public hearing on the above ordinance, proponents and opponents were given an opportunity to be heard thereon. Mr. William Richardson, Director of Public Works, explained that the money requested is wholly and entirely from funds collected on insurance claims for accidents to traffic devices. This money has been collected by the Legal Department from insurance claims and is needed to purchase and replace signals and automatic control devices. Councilman Szymkowiak moved that the ordinance go to the Council as- favorable, seconded by Councilman Kopczynski. Motion carried. ORDINANCE AN ORDINANCE AMENDING AND SUPPLEMENTING ORDINANCE NO. 5403 -72 BY APPROPRIATING FROM THE CUMULATIVE CAPITAL IMPROVEMENT FUND $75,000.00 AS THE CITY OF SOUTH BEND'S SHARE FOR THE LOCAL ROADS AND STREETS PROJECTS 47 AND 48. This being the time heretofore set for public hearing on this ordinance, proponents and opppnents were given an opportunity to be heard thereon. Mr. William Richardson, Director of Public Works, explained that this appropriation is a technical paperwork transfer as requested by the State Board of Accounts. This money has already been approved by the Council from the Cumulative Capital Improvement Fund for the local share of these two projects. This is a new procedure for appropriating money from the CCIF for Local Road and Street Fund projects. Councilman Kopczynski made a motion that the ordinance go to the Council as favorable, seconded by Council- man Taylor. Motion carried. ORDINANCE AN ORDINANCE AMENDING AND SUPPLEMENTING ORDINANCE NO. 5413 -72 BY APPROPRIATING FROM THE CUMULATIVE CAPITAL IMPROVEMENT FUND $32,500.00 AS THE CITY OF SOUTH BEND'S SHARE FOR THE LOCAL ROADS AND STREETS PROJECT 49. This being the time heretofore set for public hearing on this ordinance, proponents and opponents were given an opportunity to be heard thereon. Mr. William Richardson, Director of Public Works explained that the explanation was the same for this ordinance as for the previous one. This procedure has been requested by the State Board of Accounts for appropriating money from the CCIF for Local Road and Street Fund projects. Councilman Kopczynski moved that the ordinance go to the Council as favorable, seconded by Councilman Parent. Motion carried. ORDINANCE AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION IN THE AMOUNT OF $1,500.00 FROM THE GENERAL FUND TO ACCOUNT W -37 "OTHER SUPPLIES: IN THE RADIO DEPARTMENT BUDGET, SAID ACCOUNT BEING WITHIN THE GENERAL FUND. This being the time heretofore set for public hearing on this ordinance, proponents and opponents were given an opportunity to be heard thereon. Mr. John Hunt, Communications Supervisor for the City, explained that this was his annual plea for reinstatement of money cut from his budget. Radios for many departments of the city are in need of repair and the money is needed for the repair parts. Councilman Szymkowiak made a motion that the ordinance go to the Council as favorable, seconded by Councilman Kopczynski. Motion carried.