Loading...
HomeMy WebLinkAboutStating Council's intent to recognize an ordinance requesting appropriations for the expansion of airport industrial parkRESOLUTION No. 453 -74 Passed by the Common Council of the City of South Bend, Indiana, OCTOBER 28, 19 74 Attest: % / City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend. Indiana OCTOBER 29, 19 74 City Clerk Approved and signed by me ��±����,--,,) A 9 19—m/ RESOLUTION NO. 453 -74 A RESOLUTION STATING COUNCIL'S INTENT TO RECOGNIZE AN ORDINANCE REQUESTING APPROPRIATIONS FOR THE EXPANSION OF AIRPORT INDUSTRIAL PARK. WHEREAS, the City of South Bend and St. Joseph County are desirous of expanding the Airport Industrial Park; and WHEREAS, it is necessary to proceed with the construction of streets, utilities and sewers; that $404,000 in additional financing be obtained; and WHEREAS, the County, because of bonding authority limitations, is restricted from constructing streets, utilities and sewers within the corporate limits of this municipality; and WHEREAS, City officials, through negotiations with County officials, have agreed to provide these additional funds, subject to Common Council approval; and WHEREAS, the City Administration will present an appropriation ordinance to the Common Council for approval for the purpose of providing these additional funds. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend that it will entertain an appropriation ordinance from the City Administration requesting the appropriation of funds to the Phase IV expansion of the Airport Industrial Park. Mem e o the Common Council Adopted October 28, 1974, as amended. CITY OF SOUTH BEND South Bend, Indiana 46601 Jerry J. Miller Mayor South Bend Common Council City of South Bend, Indiana October 3, 1974 Re: Phase IV Airport Industrial Park Dear Members of the Common Council: City and County officials presently want to move ahead with Phase IV of the Airport Industrial Park. However, they are confronted with a major problem in that bonding authority limita- tions provide that the County cannot construct streets, utilities, or sewers within the corporate limits of any municipality. The estimated total cost of providing such facilities in the Phase IV expansion is $500,000.. Therefore, before the construction of these facilities can be undertaken, City and County officials must face the problem of meeting this additional financing. Of the $500,000 total needed, it is hoped that the Air- port Industrial Development Foundation, Inc. could contribute $100,.000. Therefore, it will be necessary for the City to commit $400,000.to meet the total of $500,000 needed,($200,000 may be available through the Indiana Industrial Foundation at a rate of approximately 4% interest. Contact has been made with this agency and some interest in this project has been expressed by it.) Through meetings held with Attorney Richard McDonald, it has become apparent that the County is ready to proceed with this project. The procedure outlined has the County issuing bonds in the amount of $500,000, following which the County will apply to the Federal Government for matching funds for a total cost of the project which is $1,000,000. However, the County cannot apply for these matching federal funds until it receives a letter of intent from the City of South Bend for the required $400,000 as described above. In order to provide me with_th.e basis upon which to issue such a letter of intent, it will be necessary for the Common Council to approve a resolution which states basically that it will be the intent of the Common Council to entertain an appropriation ordinance from the City Administration re- questing additional funds for Phase IV of the Airport Industrial Park project. The attached resolution has been drafted by the Department of Law for your approval. Note that by approving this resolution, the Council is not appropriating the funds at this time but merely indicating that an appropriation ordinance will be entertained at such time that th-e City Administration submits it to the Council. Sjnce�\°ly, Miller, Mayor JJM Att. //C_ RESOLUTION NO. A RESOLUTION STATING COUNCIL'S INTENT TO RECOGNIZE AN ORDINANCE REQUESTING APPROPRIATIONS FOR THE EXPANSION OF AIRPORT INDUSTRIAL PARK. WHEREAS, the City of South Bend and St. Joseph County are desirous of expanding the Airport Industrial Park; and WHEREAS, it is necessary to proceed with the construc- tion of streets, utilities, and sewers; that $400.,.000 in additional financing be obtained; and WHEREAS, the County, because of bonding authority limita- tions, is restricted from constructing streets, utilities, and sewers within the corporate limits of this municipality; and WHEREAS, City officials through negotiations with County officials have agreed to provide these additional funds, subject to Common Council approval; and WHEREAS, the City Administration will present an appropri- ation ordinance to the Common Council for approval for the purpose of providing these additional funds. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Pend, that it will entertain an appropriation ordinance from the City Administration requesting the appropriation of funds to the Phase IV expansion of the Airport Industrial Park. PRESENTED / o - a ' ') 4 NOT APPROVED AD-OPTED i M6mb er of th Commo Council FILED IN CLERIC'S OFFICE OF. 231974 Irene Gammon CITY CLERK, SOUTH BEND, IND.