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HomeMy WebLinkAbout08-25-86 Council Meeting MinutesREGULAR MEETING AUGUST 25, 1986 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, August 25, at 5:00 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, Barcome, Paszek, Voorde and Beck Absent: None SPECIAL BUSINESS Council President Beck announced that a straw vote had been taken regarding Council officers for 1987, with the following results: Joseph Serge, President; Ann Puzzello, Committee of the Whole; Eugenia Braboy, Vice President. She indicated Council Member Braboy would continue to be chairman of the Human Resources Committee; Council Member Taylor would continue to be chairman of the Public Safety Committee; she would be chairman of the Personnel and Finance Committee. Council Member Zakrzewski indicated this was not an unanimous decision, and there would be an alternative for next year; John Voorde for president, James Barcome Chairman of the Committee of the Whole, and he would be Vice President. Council Member Voorde indicated that the Board of Works agenda contained the approval of the rate increase requested by Heritage Cablevision. He indicated he had asked the Council attorney to direct a letter to the Board asking that they deny this request. Council Member Braboy asked that a date be set to visit the Project Future facilities. BILLS, SECOND READING ORDINANCE NO. 7680 -86 AN ORDINANCE APPROPRIATING MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF SEVERAL DEPARTMENTS OF THE CITY OF SOUTH BEND, INDIANA FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1987, AND ENDING DECEMBER 31, 1987, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, AND FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT. This bill had second reading.Council Member Puzzello made a motion to pass this bill, as amended, seconded by Council Member Serge. The bill passed by a roll call vote of nine ayes. ORDINANCE NO. 7681 -86 AN ORDINANCE LEVYING TAXES AND FIXING THE RATE OF TAXATION FOR THE PURPOSE OF RAISING REVENUE TO MEET THE NECESSARY EXPENSES FOR THE FISCAL YEAR ENDING DECEMBER 31, 1987. This bill had second reading.Council Member Serge made a motion to pass this bill, as amended, seconded_ by Council Member Voorde. The bill passed by a roll call vote of nine ayes. ORDINANCE NO. 7682 -86 AN ORDINANCE APPROPRIATING MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE CENTURY CENTER FUND AND THE PARKING GARAGE FUND OF THE CITY OF SOUTH BEND, INDIANA, FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1987, AND ENDING DECEMBER 31, 1987, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS AND FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT. This bill had second reading.Council Member Puzzello made a motion to pass this bill, seconded by Council Member Braboy. The bill passed by a roll call vote of nine ayes. RESOLUTIONS RESOLUTION NO. 1431 -86 AN INDUCEMENT RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA, P.A.I. PROPERTIES, AN INDIANA PARTNERSHIP 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, P.A.I. Properties, an Indiana partnership ( "Company "), 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 he Act; and WHEREAS, the South Bend Economic Development Commission has received an application by the Company for the issuance of City of South Bend Economic Development Bonds in the approximate principal amount of Nine Hundred Fifty Thousand and no /100 Dollars ($950,000.00) repayable upon terms governed by existing market rates at the time such bonds are issued; and WHEREAS, the proceeds of the Bonds will be used by the Company to acquire, construct, and equip a manufacturing and office facility for use by North American Signs, Inc. to be located at 1200 South Lafayette Street, South Bend, Indiana, which facility shall result in the addition of approximately thirty (30) new jobs to the payroll of the principal user within two (2) years after the completion of the project and shall increase such payroll of such principal user by approximately Five Hundred Seventy -five Thousand Dollars ($575,000.00) per annum. NOW, THEREFORE, the Common Council of the City of South Bend 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 Nine Hundred Fifty Thousand and no /100 Dollars ($950,000.00) of its revenue bonds, which Bonds will not be general obligations of the City but will be payable 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, will comply with the purposes and provisions of the Act, and the proposed facility shall not have an adverse competitive effect on other similar facilities in the City. 3. The Company may proceed with acquisition and construction of the economic development facilities in reliance upon this resolution. 4. That the liability and obligation of the South bend Economic Development Commission, the South Bend Common Council of the City of South Bend, Indiana, shall be limited solely to good faith efforts to consummate such proceedings and issue such Bonds.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. 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. Richard Morgan, attorney, indicated this project will consist of acquiring real estate and construction of an approximate 30,000 square foot manufacturing and office facility for North American Signs, Inc. He indicated a minimum of 30 employees will be hired by this firm. Council Member Taylor made a motion to adopt this resolution, seconded by Council Member Voorde. The resolution was adopted by a roll call vote of nine ayes. 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 5:20 p.m. ATTEST: APPROVED: City Clerk President