HomeMy WebLinkAboutNo. 0985 expressing its intent to expand Stanley Coveleski Regional Stadium for the purpose of bringing a Triple-A franchise to the COSBRESOLUTION NO. 985
A RESOLUTION OF THE SOUTH BEND, INDIANA, REDEVELOPMENT COMMISSION
EXPRESSING ITS INTENT TO EXPAND STANLEY COVELESKI
REGIONAL STADIUM FOR THE PURPOSE OF BRINGING A
TRIPLE -A FRANCHISE TO THE CITY OF SOUTH BEND
WHEREAS, an application has been filed with the Triple -A Baseball
Expansion Committee (Committee) to award a Triple -A Franchise to the
City of South Bend; and
WHEREAS, the City of South Bend has been placed on a "must
perform" list to meet the objective criteria established by the
Committee by March 31, 1991; and
WHEREAS, one (1) of the criteria established by the Committee is
to have a stadium with a seating capacity for ten thousand (10,000)
fans by the 1993 Baseball Season; and
WHEREAS, a Citizen's Advisory Committee Chaired by Judge John
Montgomery has recommended to the Mayor that the expansion of Stanley
Coveleski Regional Stadium be accomplished by adding seating along
each foul line; and
WHEREAS, the financing of said Stadium can be accomplished by a
Lease - Purchase Bond Issue without an additional levy of property
taxes by prudent use of enhanced Triple -A Coveleski revenues; and
WHEREAS, it is the specific intent of the South Bend
Redevelopment Commission, in conjunction with the South Bend,
Indiana, Redevelopment Authority and the Common Council of the City
of South Bend to take the appropriate action under Indiana State Law
to finance the construction of an expansion of Stanley Coveleski
Regional Stadium to a seating capacity for ten thousand (10,000)
fans.
NOW THEREFORE BE IT RESOLVED BY THE CITY OF SOUTH BEND
REDEVELOPMENT COMMISSION, AS FOLLOWS:
Section I. That it is in the best interest of the City of South
Bend to obtain a Triple -A Franchise.
Section II. That after the Triple -A Expansion Committee awards a
Coe Triple -A Franchise to the City of South Bend, the South Bend.
Redevelopment Commission expresses its specific intent to take all
such action under Indiana Law in conjunction with the South Bend
Redevelopment Authority and the Common Council of the City of South
Bend to finance the expansion of Stanley Coveleski Regional Stadium
to a seating capacity for ten thousand (10,000) fans by the 1993
Baseball Season.
Section III. This Resolution will be in full force and effect
upon its adoption by the South Bend Redevelopment Commission.
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Adopted this 1 day of 1991.
CITY OF SOUTH BEIND
DEPAR �, T OF RgqED�� EV OPMENT
By : CCU
Paula N. Auburn, President
ATTEST;
I zn*W4
Michael Doncho, Secretary
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