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HomeMy WebLinkAbout09-24-84 Council Meeting MinutesREGULAR MEETING REGULAR MEETING SEPTEMBER 24, 1984 SEPTEMBER 24, 1984 Be it remembered that the Common Council of the City of South Bend met in the Council Chambers of the County -City Building on Monday, September 24, at 7:00 p.m. The meeting was called to order and the Pledge to the Flag was given. ROLL CALL Present: Council Members Serge, Braboy, Puzzello, Taylor, Zakrzewski, Crone, Paszak, Voorde and Beck Absent: None REPORT FROM THE SUB - COMMITTEE ON MINUTES To the Common Council of the City of South Bend: Your sub - committee on the inspection and supervision of the minutes would res- pectfully report that it has inspected the minutes of the August 20 and September 10, 1984, meetings of the Council and found them correct. The sub - committee, therefore, recommends that the same be approved. /s/ Beverlie J. Beck /s/ Ann B. Puzzello /s/ Thomas Zakrzewski Council Member Serge made a motion that the minutes of the August 20 and September 10, 1984, meetings of the Council be accepted and placed on file, seconded by Council Member Puzzello. The motion carried. SPECIAL BUSINESS Council Member Zakrzewski thanked the firemen and paramedics who attempted to save his grandfather's life. Council Member Taylor announced that the Council officers for 1985 would be; Joseph Serge, Committee of the Whole, Eugenia Braboy, Vice President, and Beverlie Beck, President. RESOLUTION NO. 1202 -84 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, COMMENDING HE VICTORIOUS MISHAWAKA RAFT RACE TEAM. WHEREAS, the Common Council of the City of South Bend, Indiana, notes that the City of South Bend hosted the 84th State Conference of the Indiana Association of Cities and Towns; and WHEREAS, the IACT Conference was held from September 17th through September 20th, and attracted hundreds of City and Town officials from throughout the State of Indiana; and WHEREAS, as a part of the IACT activities, some of the South Bend City Officials specifically challenged the City of Mishawaka to compete in a raft race down the newly opened and dedicated East Race; and WHEREAS, the South Bend Common Council wishes to commend all participants and specifically: Dorothy "Dottie" Wayne of the Mishawaka Common Council; Jan Opfel, City Clerk of Mishawaka; Kathie Rogers, Director of Mishwaka's Battell Center; and Harold Kwiatkowski, Councilmember of Muncie who assisted the victorious Mishawaka Team; and WHEREAS, the Council also wishes to acknowledge members of the South Bend Team: Council President Beverlie J. Beck; Councilmember Ann B. Puzzello; and Engineer John Ferrar, who assisted the South Bend Team as they made a gallant attempt to outdistance the Mishawaka Team. NOW, THEREFORE, BE IT RESOLVED by the Common Council of theCity of South Bend, Indiana, as follows: SECTION I. On behalf of the citizens of the City of South Bend, Indiana, the Common Council hereby publicly commends all participants of the Raft Race Teams who competed during the Indiana Association Cities and Towns conference held in South Bend, Indiana, on September 18, 1984, and particularly, the winning team from Mishawaka. SECTION II. This Resolution shall be in full force and effect from and after its passage by the Common Council, and approval by the Mayor. /s/ Joseph T. Serge /s/ Eugenia Braboy /s/ Beverlie J. Beck /s/ Ann B. Puzzello /s/ Robert G. Taylor /s /Thomas Zakrzewski REGULAR MEETING. SEPTEMBER 24, 1984 /s/ Beverly D. Crone /s/ Al B. Paszek /s/ John Voorde A public hearing was held on the resolution. Council Member Braboy chaired this portion of the meeting. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Taylor. The motion carried. REPORTS Council Member Braboy indicated that the Human Resources Committee had met regarding tax abatement of Cass Hudson, and on Bill No. 102 -84. She indicated they recommended them both favorable. Council Member Taylor made a motion to resolve into the Committee of the Whole, seconded by Council Member Beck. The motion carried. COMMITTEE OF THE WHOLE Be it remembered that the Common Council of the City of South Bend met in the Committee of the Whole on September 24, at 7:15 p.m., with nine members present. Chairman Serge presiding. BILL NO. 86 -84 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE FIRST NORTHEAST ALLEY SOUTH OF BRONSON COURT AND NORTH OF LOT NUMBERED FIVE (5) OF GEORGE L. FRANTZ'S ADDITION, PORTAGE TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, RUNNING FROM LINCOLN WAY EAST FOR ONE HUNDRED SIXTY -FIVE (165') FEET TO THE FIRST NORTHWEST ALLEY WHICH PARALLELS LINCOLN WAY EAST, RECORDED IN PLAT BOOK TWO (2), PAGE 77, OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA. Council Member Puzzello made a motion to continue this bill indefinitely, seconded by Council Member Taylor. The motion carried. BILL NO. 99 =84 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE CITY"),, TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1984 (1818 REALTY, AN INDIANA PARTNERSHIP PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Kenneth Fedder, attorney for the Economic Development Commission, made the presentation for the bill. He indicated that an amended bill had been filed with the City Clerk, which changed the amount of the bond isi�e to $830,000. Council Member Beck made a motion to accept the substitute bill, seconded by Council Member Zakrzewski. The motion carried. Mr. Fedder indicated this proposed bond issue will be used to acquire, expand and equip manufacturing and office facilities for use by Wells Electronics. He indicated that an estimated 20 new jobs will be created. Council Member Beck made a motion to recommend this bill to the Council favorable, as amended, seconded by Council Member Taylor. The motion carried. BILL NO. 100 -84 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "), TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1984 (CROWE, CHIZEK AND COMPANY PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF FOUR MILLION TWO HUNDRED THOUSAND DOLLARS ($4,200,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO. This being the time heretofore set for public and opponents were given an opportunity to be the Economic Development Commission, made the that Crowe, Chizek and Company were expanding that approximately 50 new jobs will be create recommend this bill to the Council favorable, motion carried. hearing on the above bill, proponents heard. Kenneth Fedder, attorney for presentation for the bill. He indicated their present facilities. He indicated d. Council Member Beck made a motion to seconded by Council Member Taylor. The BILL NO. 102 -84 A BILL APPROPRIATING $17,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND FOR THE SECURE BUILDING AND DEMOLITION PROGRAM OPERATED BY THE DEPARTMENT OF CODE ENFORCEMENT. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Colleen Rosenfeld, Director of Community Development, made the presentation for the bill. She indicated this appropriation would be used to secure vacant buildings and demolition of unsafe buildings in the City's inner areas. Council Member Taylor made a motion to recommend this bill to the Council favorable, seconded by Council Member Braboy. The motion carried. 1 1 F1 REGULAR MEETING SEPTEMBER 24, 1984 There being no further business to come before the Committee of the Whole, Council Member Taylor made a motion to rise and report to the Council, seconded by Council Member Beck. The motion carried. ATTEST: City Clerk REGULAR MEETING RECONVENED ATTEST: Be it remembered that the Common Council of the City of South Bend reconvened in the Council Chambers on the fourth floor of the County -City Building at 7:22 p.m. Council President Beck presiding and nine members present. BILLS, SECOND READING ORDINANCE NO. 7383 -84 AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "), TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1984 (1818 REALTY, AN INDIANA PARTNERSHIP PRO- JECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF EIGHT HUNDRED THIRTY THOUSAND DOLLARS ($830,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO. This bill had second reading. Council Member Taylor made a motion to amend this bill, as amended in the Committee of the Whole, seconded by Council Member Crone. The motion carried. Council Member Taylor made a motion to pass this bill, as amended, seconded by Council Member Braboy. The bill passed by a roll call vote of nine ayes. ORDINANCE NO.. 7384 -84 AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "), TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1984 (CROWE, CHIZEK AND COMPANY PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF FOUR MILLION TWO HUNDRED THOUSAND DOLLARS ($4,200,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT THERETO. This bill had second reading. Council Member Taylor made a motion to pass the bill, seconded by Council Member Braboy. The bill passed by a roll call vote of nine ayes. ORDINANCE NO. 7385 -84 AN ORDINANCE APPROPRIATING $17,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND FOR THE SECURE BUILDING AND DEMOLITION PROGRAM OPERATED BY THE DEPARTMENT OF CODE ENFORCEMENT. This bill had second reading. Council Member Braboy made a motion to pass the bill, seconded by Council Member Serge. The bill passed by a roll call vote of nine ayes. RESOLUTIONS RESOLUTION NO. 1203 -84 AN INDUCEMENT RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA, RELATING TO: MITTLER SUPPLY, INC. PROJECT. WHEREAS, at the present time there are insufficient employment opportunities and insufficient diversification of business, commerce and industry in and near the City of South Bend, Indiana (the "City "); and WHEREAS, the economic welfare of the City would be benefited by the acquisition and construction of economic development facilities in the corporate limits of the City pursuant to the provisions of Indiana Code 36 -7 -12 (the "Act "); and WHEREAS, Mittler Supply, Inc., which is an Indiana corporation, proposes to acquire and construct economic development facilities in South Bend, Indiana as defined in the Act if the City will finance costs of such economic development facilities pursuant to the Act; and WHEREAS, the South Bend Economic Development Commission has received an application by Mittler Supply, Inc., for the issuance of City of South Bend Industrial Development Revenue Bonds in the approximate principal amount of One Million Eight Hundred Thousand and no /100 Dollars ($1,800,000.00), to be repaid at market rates, with the proceeds of the bonds being used to acquire economic development facilities to be based and located in South Bend, Indiana, which will result in the cration of new jos in and near South Bend, Indiana. NOW, THEREFORE, the Common Council of the City of South Bend, Indiana resolves as follows: 1. The project constitutes economic development facilities which shall be financed by the City through the issuance of revenue bonds pursuant to the Act and the City is willing, upon compliance with all provisions of Indiana law, to authorize approximately One Million Eight Hundred Thousand and no /100 Dollars ($1,800,000.00) of its revenue bonds, which bonds will not be general obligations of the City but will be payable REGULAR MEETING SEPTEMBER 24, 1984 �S solely from the limited sources authorized and permitted by the Act. 2. The proposed financing will be of benefit to the economic welfare of the City and will comply with the purposes and provisions of the Act. 3. Mittler Supply, Inc. may proceed with acquisition and construction of the economic development facilities in reliance upon this resolution. 4. That the liabiltiy and obligation of the South Bend Economic Development Commission, the South Bend Common Council and the City ofSouth Bend, Indiana, shall be limited solely to the good faith efforts to consummate such proceedings and issue such Bonds, and the South Bend Economic Development Commission and the City of South Bend, Indiana, their officers and agents, shall not incur any liability if for any reason the proposed issuance of such Bonds is not consummated. 5. The Mayor is hereby authorized to execute, upon the request by Mittler Supply, Inc., a "Notice of Inducement" and /or.a "Notice of Intent" and /or any other documents authorized under Executive Order 21 -84. This Inducement Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution at this time. Kenneth Fedder, attorney for the Economic Development Commission, indicated Mittler intended to purchase new machinery and construct an expansion to their present facility. He indicated that approximately nine new jobs will be created. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Crone. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1204 -84 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 2301 -2303 BENDIX DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. 3 WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2301 - 2303 Bendix Drive and more particularly described by a line drawn as follows: A part of the South east Quarter of Section 28, Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana described as follows: Commencing at the southeast corner of said Section; thence North 90 degress 00 minutes 00 seconds West 470 feet along the south line of said section; thence North 0 degrees 00 minutes 00 seconds West 40 feet to a point on the north boundary of Lathrop Street, said point being the point of beginning of this description: thence North 0 degrees 00 minutes 00 seconds West 749.36 feet; thence Southeasterly 540.34 feet along an arc to the right having a radius of 506.47 feet and subtended by a long chord having a bearing of South 56 degrees 32 minutes 00 seconds East and a length of 515.09 feet to the West boundary of Bendix Drive; thence South 0 degrees 02 minutes 06 seconds East 435.34 feet along said boundary; thence South 44 degrees 54 minutes 22 seconds West 42.43 feet to the north boundary of Lathrop Street; thence North 90 degrees 00 minutes 00 seconds West 400.00 feet along said north boundary to the point of beginning and containing 6.545 acres, more or less. The above described tract of land is subject to a perpetual easement 40 eet in width off the entire northeast side in favor of Chicago South Shore and South Bend Railraod. Also, a perpetual easement 10 feet in width lying adjacent to and south of the above described 40 foot wide easement in favor of Indiana Bell Telephone Company. The bearing of the south line of the southeast quarter of Section 28 is assumed North 90 degrees 00 minutes 00 seconds West. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2 -5; and WHEREAS, the Council held a public hearing for the purposes of hearing all and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. remonstrances NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: _REGULAR MEETING SEPTEMBER 24, 1984 SECTION I. That the Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution at this time. Kevin Butler, attorney, indicated that the Holladay Corporation was constructing a building in the Airport Industrial Park, which will be leased by Clark Equipment, as well as other companies. He indicated this facility is expected to generate 32 new permanent jobs. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Puzzello. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1205 -84 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 4011 S. MICHIGAN STREET, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 4011 S. Michigan Street, South Bend, Indiana, and which is more particularly described by a line drawn as follows: So. 12.15' Lot "C" J &J's Replat of Lot 2 Chippewa Minor sub Sec 25 -37 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1, et seq., and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That the Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of Real property tax abatement. SECTION II. That this designation shall be from the date of the adoption of this Resolution SECTION III. That the Common Council direc the adoption of this resolution to be published, the resolution to be published, said publication before the Common Council on said declaration. limited to five (5) calendar years by the Common Council. is the City Clerk to cause notice of said publication providing notice of providing notice of the public hearing SECTION IV. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution. Eric Larson, of Cass Hudson, indicated they planned to build a new facility at 4011 S. Michigan, to be used as an office, display area and warehouse. He indicated four permanent jobs will be created. Council Member Taylor made a motion to adopt this resolution, seconded by Council Member Serge. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1206 -84 A JOINT RESOLUTION OF THE MAYOR AND THE COMMN COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING AND JOINING IN A PETITION AND APPEAL TO THE STATE BOARD OF TAX COMMISSIONERS OF THE STATE OF INDIANA FOR RELIEF FROM LEVY LIMITATIONS FOR THE 1984 PAYABLE 1985 TAX LEVIES FOR THE CITY OF SOUTH BEND, INDIANA. REGULAR MEETING SEPTEMBER 24, 1984 WHEREAS, pursuant to Indiana Code 6 -1.1- 18.5 -1 et seq., the maximum tax levy for 1984 payable 1985 for the City of South Bend has been frozen at 105 of the 1984 level; and WHEREAS, pursuant to the terms of Indiana Code 6- 1.1- 18.5 -12 et seq., levy be by a municipal corporation an appeal so as to for relief from such frozen may pursued F fund certain governmental functions specified therein; and WHEREAS, the Mayor and the South Bend Common Council have joined in the adoption of an appeal from such frozen levy for the purpose of funding certain expenses which are a part of the operation of the municipal government of the City of South Bend, Indiana, which requirements have ben caused by the increase in utility costs in excess of 10% based on I &M's electrical increase of twenty (20) plus percent, and the operational costs deficit of the Parking Garages resulting from the lease payments; and WHEREAS, such an appeal seeks an icnrease in the maximum levy in the total amount of $7121560.00; and WHEREAS, it is the opinion of the Mayor and the Common Council of the City ofSouth Bend that such an appeal is necessary and in the best interests of the citizens of the City of South Bend, Indiana. NOW, THEREFORE, BE IT RESOLVED that the Mayor and the Common Council of the City of South Bend, Indiana, do hereby petition and appeal to the State Board of Tax Commissioners' of the State of Indiana for relief from levy limitations pursuant to Indiana Code 6- 1.1- 18.5 -1 et seq., as applied to the 1984 payable 1985 tax levies for the City of South Bend, Indiana; such appeal shall be for the purpose of funding certain expenses which are a part of the operations of the municipal government of the City of South Bend, Indiana, which have been caused by the increase in utility costs in excess of 10% based on I &M's electrical increase of twenty (20) plus percent, and the operational costs of deficit of the Parking Garages resulting from lease payments, as follows: A. For utility costs in excess of 10% based on I &M's electrical increase of twenty (20) plus percent. This accounts for Two Hundred and Fifty -nine Thousand Five Hundred Six Dollars ($259,560.00) of the excess levy. I.C.6- 1.1- 18.5- 8(a)(2) B. The operational costs deficit of the Parking Garages resulting from lease payments. That accumulated deficit is estimated to be Four Hundred and Fifty -three Thousand Dollars ($453,000.00) through December 31st of 1985. I.C. 6 -1.1- 18.5 -8 (a) (2) and shall seek total relief from the frozen levy in the amount of $712,560.00 for the tax year 1984 payable 1985. IT IS HEREBY FURTHER RESOLVED, that the Mayor and the Common Council of the City of South Bend do hereby join in this petitioning resolution to the State Board of Tax Commissioners of the State of Indiana, that without the requested emergency financial relief for which the City of South Bend petitions, it will be unable to carry out, in its ensuing budget year, the governmental functions and responsibilities committed to it by law. Approved this 24th day of September, 1984, by the Common Council of the City of South Bend, Indiana. /s/ Beverlie J. Beck Council President This resolution approved and signed by me this 26 day of September, 1984. /s/ Roger 0. Parent ROGER 0. PARENT, Mayor ATTEST: /s/ Michael L. Vance MICHAEL L. VANCE, Controller A public hearing was held on the resolution. Michael Vance, City Controller, indicated a substitute bill had been filed with the City Clerk. Council Member Taylor made a motion to accept the substitute resolution, on file with the City Clerk, seconded by Council Member Zakrzewski. The motion carried. Mr. Vance indicated that the passage of this resolution was a required step in the appeal procedure. He indicated the resolution would be forwarded to the State Board of Tax Commissioners. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Voorde. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING BILL NO. 105 -84 A BILL AMENDING ORDINANCE NUMBER 7361 -84, BEING AN ORDINANCE AUTHORIZING THE ISSUANCE OF $985,000.00 ECONOMIC DEVELOPMENT REVENUE BONDS, CENTER CITY HOUSING PROJECT, OF THE CITY OF SOUTH BEND, INDIANA FOR THE PURPOSE OF FUNDING A LOAN TO CENTER CITY HOUSING, AN INDIANA LIMITED PARTNERSHIP, IN ORDER TO FINANCE THE ACQUISITION AND CONSTRUCTION OF CERTAIN REAL ESTATE AND ECONOMIC DEVELOPMENT FACILITIES LOCATED WITHIN ST.JOSEPH COUNTY, INDIANA, FOR USE BY CENTER CITY HOUSING: AUTHORIZING EXECUTION OF THE LOAN AGREEMENT, AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM THE FINANCING AGREEMENT: AND AUTHORIZING THE TERMS AND SALE OF SAID BONDS. 1 LJ Li REGULAR MEETING SEPTEMBER 24, 1984 This bill had first reading. Council Member Taylor made a motion to set this bill for public hearing and second reading October 8, 1984, seconded by Council Member Serge. The motion carried. ORDINANCE NO. 7386 -84 AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF $6,400,000 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA FOR THE PURPOSE OF MAKING A LOAN TO ONE MICHIANA SQUARE ASSOCIATES IN ORDER TO FINANCE THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF CERTAIN ECONOMIC DEVELOPMENT FACILITIES LOCATED IN THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA; AUTHORIZING EXECUTION OF A LOAN AGREEMENT; PROVIDING FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY FOR SAID BONDS; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH NOTE; AND AUTHORIZING THE TERMS AND SALE OF SAID BONDS AND THE EXECUTION OF THE BOND PURCHASE AGREEMENT; AND APPROVING THE TERMS OF THE MORTGAGE, THE ASSIGNMENT OF RENTS AND LEASES AND RELATED MATTERS. This bill had first reading. Council Member Taylor made a motion to suspend the rules and have public hearing and second reading on this bill, secol03nded by Council Member Puzzello. The motion carried on a roll call vote of nine ayes. This being the time heretofore set for public hearing on the above bill, proponents and opponents were given an opportunity to be heard. Kevin Butler, attorney for the petitioner, made the presentation for the bill. He indicated the bill should be amended, in Section 13, the third line, after amended, add "(the 'Code') read in conjunction with Section 103(B)(6)(I) of the code, ". Council Member Taylor made a motion to amend, seconded by Council Member Puzzello. The motion carried. Mr. Butler indicated this bond issue wuld be used for Michiana Square Associates to be used for the construction of office space in the central downtown urban renewal area. He indicated this project will result in at least 450 new permanent jobs. Council Member Voorde made a motion to pass this bill, as amended, seconded by Council Member Puzzello. The motion carried on a roll call vote of nine ayes. UNFINISHED BUSINESS Council Member Taylor made a motion to set Bill No. 87 -84 for public hearing and second reading October 8, and refer it to the Zoning and Vacation Committee, seconded by Council Member Puzzello. The motion carried. There being no further business to come before the Council, unfinished or new, Council Member Taylor made a motion to adjourn, seconded by Council Member Puzzello. The motion carried and the meeting was adjourned at 7:50 p.m. ATTEST: City Clerk APPROVED: resident