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HomeMy WebLinkAboutDetermining after Investigation, that the Lease/Purchase Acquisition of a Stadium Facility is Needed RESOLUTION NO. 1370-85 Passed by the Common Council of the City of South Bend, Indiana, November 18, 19 85 • Attest: T" �` City Clerk Attest: - /• / President of Common Council. Ale Presented by me to the Mayor of the City of South Bend, Indiana November 19, 19 85 . City Clerk Approved and signed by me Cr7 OXLti ( 9 19 . /el / Mayor RESOLUTION NO. 1276 - gs A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL DETERMINING, AFTER INVESTIGATION, THAT THE LEASE/ PURCHASE ACQUISITION OF A STADIUM FACILITY IS NEEDED STATEMENT OF PURPOSE AND INTENT: The Board of Park Commissioners of the Park District of the City of South Bend, Indiana (Board) , on November 12, 1985, received a petition signed by fifty ( 50) taxpayers of the Park District of the City of South Bend , requesting that the Board acquire a stadium facility by entering into a Lease/Purchase Agreement with Security Pacific Leasing Corporation of San Francisco, California, for a term of ten (10) years , with the cost of land acquisition and construction of said facility by said corporation not to exceed Five Million Five Hundred Thousand Dollars ( $5, 500, 000.00. ) The Board also received, on November 12, 1985, a certificate of the St. Joseph County Auditor, certifying that the verifier of the petition and the signatories of the petition are taxpayers of property located within the corporate boundaries of the City of South Bend . Indiana Code 36-1-10-7( 2) requires, prior to the Board of Park Commissioners entering into a lease agreement for a structure, that the Common Council, after investigation, determine that the structure is needed . NOW, THEREFORE, BE IT RESOLVED by the South Bend Common Council , as follows : SECTION I . The Common Council has conducted a public hearing on this resolution and has heard persons desiring to speak in favor of and opposed to the adoption of this resolution. SECTION II . The Common Council recognizes that the Board of Park Commissioners of the Park District of the City of South Bend , the South Bend Redevelopment Commission, the Area Plan Commission of St. Joseph County , and the South Bend Common Council have previously taken actions which support the acquisition of property and/or the development of plans and specifications for the proposed stadium facility, to be known as the Stanley Coveleski Regional Stadium. SECTION III . The Common Council finds that the acquisition by lease/purchase of a stadium facility to be known as the Stanley Coveleski Regional Stadium would be of substantial economic benefit to the City and the surrounding community by attracting additional tourists and visitors to the downtown area of the City by redeveloping land which will cause activities which would create jobs and additional economic benefit to the City ; and by creating additional business opportunities from the previously mentioned economic benefits . SECTION IV. The Common Council also finds that the Stanley Coveleski Regional Stadium would be used not only as the home location for a Class A Midwest league professional baseball team but also as the site for other athletic events, both professional and amateur, such as baseball, softball, soccer, football, and other recreational and entertainment events . SECTION V. The Common Council further finds that there is a lack of a stadium facility with an estimated capacity of five thousand (5, 000) seats and that there is a need for a stadium facility in that size range to provide for a substantial diversity of uses, including those found in the above sections . • SECTION VI . Having heard all speakers at the presenta- tion and hearing on resolution on this 18th day of November, 1985, and having taken into consideration facts adduced at this hearing and in documents and presentations of as well as personal investi- gations, discussions, and consideration by individual Council members , the South Bend Common Council hereby finds, pursuant to IC 36-1-10-7 ( 2) , that the acquisition of a stadium facility by lease/purchase, as petitioned by the fifty ( 50) taxpayers of the Park District of the City of South Bend, as certified by the St. Joseph County Auditor, is needed . SECTION VII. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Member of the om/ ouncil FILED IN CLERK'S OFFICE PRESENTED - NOV 1 3 1985 NOT APPROVED IRENE GAMMON ADOPTED /I CITY CLERK, SO. BEND, IN _��"�� -2- • COPY OF THE MINUTES FOR RESOLUTION NO. 1370-85 A public hearing was held on the resolution at this time. Mayor Parent introduced members of the various boards and committees there were in attendance. James Seitz , Superintendent of Parks, read a letter from Richard Kromkowski, president of the Park Board indicating they recommend the City acquire the stadium by lease/purchase agreement. David Roos, administrative assistant, reviewed the fiscal plan. He indicated the lease/purchase would be $5,500, . 000 ; TIF $750 ,000; CDBG $250 , 000 ; Revenue Sharing $250,000; Cable $270 , 000; Private Fund Drive $500, 000 , for a total of $7 , 520, 000 . He indicated the updated construction items are : construction $4,451,767; land transfer ($400, 000 ) ; Revenue and Public Works $1, 691, 000 ; architect fees $385,710 for a total of $6 , 529,456. Michael Vance, Controller, indicated that part of the financing will be through lease/purchase over a ten year period, with semi-annual payments and an interest rate of 9 1/4%. Richard DeFlon, of Hellmuth, Obata and Kassabaum architects, showed slides of the proposed stadium. Mayor Parent indicated this would be a top class quality stadium. The following people spoke in favor of the proposed stadium: Eugene Czyzewski, 837 N. Elmer; Wendall Walsh, 2403 Hollywood; Ron Marino, 56340 Miller Rd; Alanzo Watson, 1435 Corby, Renalda Robinson, 737 N. Frances; T. Brook Brademas ; Charles Rhodes, 625 S. Clearview, Van Gates, 1449 Garland Circle, Jan Jackiel, President of the Chamber of Commerce, Ed Levy, Freeman-Spicer, Jim Cook, 401 E. Colfax; Jim Rinebold, 1907 E. 6th; Jeff Reese, 1518 N. Brookfield and Bruce Ruffert, 5628 Mayflower. Two letters were received in support of the stadium; one from Western Avenue Business Council and the other from the president of the South Bend Redevelopment Commission. The following people spoke against the stadium: Joe Guentert, 3510 Corby; Irene Mutzl, president of the Fair Tax Association; Ken Donally, 2605 Frederickson; Christine Murdock, 411 N. Ironwood; Richard arrow, 2106 1/2 Leer; Ralph Johnson, 142 E. Murray; David Nowak, 1427 Hampshire, submitted a petition with 52 signatures against the stadium; Paul Bradfield, 812 Cottage Grove; Gene Palmer, 121 N. Hawthorne; Nancy Tenbroeck, 525 Edgewater; Jack Henderson, 1205 Emerson; Gaylord Frisk, 845 Fairway; Dot Jones, 204 Tonti; Janet Allen, 125 W. Marion; George Butt, 705 County Club Lane; Roman Kowalski, 302 Birchwood; Herbert Herndeen 710 W. Washington. 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 seven anyes and two nays (Council Members Crone and Voorde. )