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HomeMy WebLinkAboutAppropriating One Million ($1,000,000) Dollars to provide funds for payment and redemption of certificates of indebtedness issued street and alley intersection assessmentsORDINANCE No. 4507 - - -62 Passed by the Common Council of the City of South Bend, OCTOBER 8, 62 Presented by me to the Mayor of the City of South Bend, OCTOBER 9, _ 62 Clerk of Common Council Clerk Approved and signed by me OCTOBER 9, �9 62 I DEAL PRESS ORDINANCE NO. e.0 o An Ordinance of the City of South Bend appropriating W W z the sum of ONE MILLION (1,000,000) DOLLARS to provide o em funds for application on the cost of the following: S02 rn m to provide for payment and redemption of certificates rw Z,z of indebtedness issued by the City in payment of the � Lai ti . $ Cityts share of street and alley intersection assess - w ments imposed for improvement of streets and alleys wp y under the Barrett Law; acquisition of right —of —way in con- --- 1C O7 9 nection with the construction of a new Sample Street W k. bridge; general repair of streets in the Spring of 1963; r paving of Voorde Drive in the Industrial Park and the paving and improving of Chapin, Sample and Scott Streets In the Chapin Street Redevelopment area; construction of storm sewer at Michigan Street and St. Joseph River; construction of combined sanitary and storm sewers at points east of Miami Street from Scottsdale Addition South to Jackson Road; construction of thirty —six inch (3611) storm sewer crossing only at Mishawaka Avenue between Emerson and Roberts Streets; construction of storm sewer at 31st Street and Mishawaka Avenue; paving and Improving of Portage Avenue from Elwood Avenue to Navarre Street and from Lathrop Avenue to Colfax Avenue; and the construction of storm sewer crossing only at Portage Avenue between Vassar Avenue and Humboldt Street; together with the incidental expenses to be incurred in connection there- with. WHEREAS, the Board of Public Works and Safety of the City of South Bend has found that it would be for the best interests of said City and its citizens to provide for payment and redemption of certifi- cates of indebtedness issued by the City in payment of the City's share of street and alley intersection assessments imposed for improve- ment of streets and alleys under the Barrett Law; to acquire right —of- way in connection with the construction of a new Sample Street bridge; to make general repairs of streets in the Spring of 1963; to pave Voorde Drive and pave and improve Chapin, Sample and Scott Streets in the Chapin Street Redevelopment area, and pave and improve Portage Avenue from Elwood Avenue to Navarre Street and also from Lathrop Avenue to Colfax Avenue; construct storm sewers at Michigan Street and Street St. Joseph River and at 31st/and Mishawaka Avenue; construct storm sewer crossings at Mishawaka Avenue between Emerson and Roberts Streets and at Portage Avenue between Vassar Avenue and Humboldt Street, and construct combined sanitary and storm sewers at a point east of Miami Street from Scottsdale Addition south to Jackson Road; and has deter- mined that the estimated cost of said projects and the incidental expenses necessary to be incurred in connection therewith, including the issuance of bonds, will be in the approximate amount of One Million ($1,000,000) Dollars; and WHEREAS, the Board of Public Works and Safety has filed a request for an appropriation in the amount of One Million '_($1,000,000) Dollars for said purposes, which request has been approved by the City Con- troller with the recommendation that the funds necessary to cover such appropriation be obtained by the issuance and sale of general obliga- tion bonds of the City; and WHEREAS, a petition has been filed under the provisions of Chap- ter 119 of the Acts of 1937 by more than fifty (50) owners of taxable real estate in the City of South Bend, requesting the Common Council to issue bonds in an amount not exceeding One Million ($1,000,000) Dollars for the purpose of procuring funds to be applied on the cost of the projects hereinbefore described; and WHEREAS, the Council now finds that the construction of such Improvements and the acquisition of such rights -of -way are necessary and will be of general benefit to the City and its citizens; and WHEREAS, the Council now finds that the City has no funds avail- able or provided for in the existing budgets and tax levies which may be applied on said projects, making it necessary to authorize the issu- ance of bonds of the City in order to procure such funds, and that an extraordinary emergency exists for the making of the additional appro- priation hereinafter set out; NOW, THEREFORE: BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Section 1. That the sum of One Million ($1,000,000) Dollars be and the same is hereby appropriated out of the proceeds of the bonds designated as "Municipal Bonds of 1962 °, heretofore authorized to be issued to provide funds for application on the cost of the following: to provide for payment and redemption of certificates of indebtedness issued by the City in payment of the Cityts share of street and alley intersection assessments imposed for improvement of streets and alleys under the Barrett Law; acquisition of right -of -way in connection with the construction of a new Sample Street bridge; general repair of streets in the Spring of 1963; paving of Voorde Drive in the Industrial -2- Park and the paving and improving of Chapin, Sample and Scott Streets in the Chapin Street Redevelopment area; construction of storm sewer at Michigan Street and St. Joseph River; construction of combined sani- tary and storm sewers at points east of Miami Street from Scottsdale Addition south to Jackson Road; construction of thirty —six inch (36 ") storm sewer crossing only at Mishawaka Avenue between Emerson and Roberts Streets, construction of storm sewer at 31st Street and Mishawaka Avenue; paving and improving of Portage Avenue from Elwood Avenue to Navarre Street and from Lathrop Avenue to Colfax Avenue; and the construction of storm sewer crossing only at Portage Avenue between Vassar Avenue and Humboldt Street; together with the incidental expenses to be incurred in connection therewith. Section 2. This ordinance shall be in full force and effect from and after its passage and signing by the Mayor. C//Member of the Common Council Passed and adopted by the Common Council of the City of South Bend on the day of �Pse.� , 1962. � J osepv T. Kroll, President ATTEST: Sty Clerk Presented by me to the Mayor of the City of South Bend on the day of , at the hour of to M. Freda G. Noble, City Clerk Thi's €ordinance approved and signed by me on the day of 1962, at the hour of a-: ;IL�—_ r? M. Frank Bruggner, Mayor W & 2nd READ6N5 iI I ajev OILED IN CLERK'S OFFICE COMMITTEE OF THE WHDLg PUBLIC HEARING r 3rd READING I �I ��6v —3— SEP 10 4901 NOT APPROVED REFERRED FR90A 0. NOBLE PASSER CITY 4L INK. SOUTHBEND. IND. I el �'I(,�