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REGULAR MEETING FEBRUARY 13, 2012 <br /> <br /> <br /> <br /> <br /> <br />6.Discussion of capital outlay costs and the interest and principal <br />repayment; <br /> <br /> <br />7.Discussion of the costs associated with operation, management and <br />maintenance; <br /> <br /> <br />8.Discussion of any return on investment to the city; <br /> <br /> <br />9.Discussion of requirements of performance bonds; <br /> <br /> <br />10.Discussion of the applicability of common construction wages. <br /> <br />Section II. It is believed that if baseline criteria are first established, then all <br />potential developers would be treated fairly and equitably since a level playing field <br />would be in place and notice of the guidelines would be available to all those wishing to <br />be considered for assistance. <br /> <br /> Section III. This Resolution shall be in full force and effect from and after its <br />adoption by the Council and approval by the Mayor. <br /> <br />th <br /> s/Oliver Davis, 6 District Council Member <br /> <br />nd <br /> s/Henry Davis, Jr. 2 District Council Member <br /> <br /> <br />Councilmember Henry Davis, Jr., Chairperson, Community & Economic Development <br />Committee, reported that this committee held a public hearing on this bill this afternoon <br />and voted to send this Resolution to the full Council with a favorable recommendation. <br /> <br />th <br />Councilmember Oliver J. Davis, 6 District Councilmember and Councilmember Henry <br />nd <br />Davis, Jr., 2 District Councilmember made the presentation for this resolution. <br /> <br />Councilmember Oliver J. Davis and Councilmember Henry Davis, Jr., advised that they <br />are co-sponsors of this Resolution to promote discussions of meaningful methods and <br />criteria as to when city dollars may be appropriate to be used to help leverage economic <br />development with the private sector. They noted that they sponsored this bill in light of <br />Bill No. 81-11 which proposes financial assistance for the Chase Tower which is pending <br />in the Council’s Community and Economic Development Committee and is scheduled <br />for public hearing on February 27, 2012. They stated that they believe that if baseline <br />criteria is first established, then all potential developers would be treated fairly and <br />equitably since a level playing field would be in place and notice of the guidelines would <br />be available to all those wishing to be considered for assistance. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />Don Reinke, 416 N. Main Street, South Bend, Indiana, spoke in favor of this bill. <br /> <br />Mr. Reinke advised that his father sat on the City Council. He stated that this is a <br />positive proactive bill. He stated that this will allow for progress in the City of South <br />Bend. He noted that Reinke Construction built the Coveleski Stadium <br /> <br />Council President Dieter stated that it is not the Council’s role. He stated that economic <br />development decisions are made with the Mayor and his Community & Economic <br />Development Department. He stated that he will not be voting in favor of this bill. <br /> <br />A motion was made and seconded. Councilmember Oliver Davis asked for rebuttal. <br />Council Attorney Kathleen Cekanski-Farrand stated that a motion was made and <br />seconded and that to ask for rebuttal now would require a motion and a roll call vote <br />majority rule. A motion was made by Councilmember Oliver Davis to allow for rebuttal. <br /> 20 <br /> <br />