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REGULAR MEETING May 9, 2022 <br />for existing bonds. The intent is to amend the Trust Indenture to bring it into compliance with <br />current interest rate calculations and then amend the loan agreement to remove the borrower. <br />Councilmember Lee requested comments from Council; Councilmember Lee continued to the <br />public hearing section. <br />Clerk Dawn Jones responded no one from the public is wishing to speak in favor or in opposition <br />of Bill No. 20-22. <br />Councilmember Lee entertained a motion for Bill No. 20-22. <br />Committee Chair Sheila Niezgodski motioned to send Bill No. 202022 for passage to the full <br />Council with a favorable recommendation. <br />Committee member Karen White seconded. <br />Councilmember Lee requested roll call. <br />Clerk Dawn Jones responded with eight (8) ayes. <br />Councilmember Lee stated the motion carries: Bill No. 20-22 will be sent to the full Council for <br />passage. <br />RISE AND REPORT <br />Councilmember Canneth Lee entertained a motion to arise from the Committee of the Whole and <br />report back to the full Council; Councilmember Lee stated it has been moved and seconded and <br />requested roll call. <br />Clerk Dawn Jones responded with eight (8) ayes. <br />Councilmember Lee stated the motion carries. <br />REGULAR MEETING RECONVENED <br />BILLS ON THIRD READING <br />BILL NO. <br />15-22 THIRD READING ON AN ORDINANCE OF THE <br />COMMON COUNCIL OF THE CITY OF THE <br />SOUTH BEND, INDIANA, TO VACATE THE <br />FOLLOWING DESCRIBED PROPERTY: ALLEY <br />BETWEEN LOTS 4 & 5 OF FUERBRINGER'S 1sT <br />ADDITION. <br />President Sharon McBride requested a recommendation from the Committee of the Whole. <br />Councilmember Canneth Lee responded, Bill No. 15-22 comes to the full Council with a favorable <br />recommendation. <br />President McBride entertained a motion regarding Bill No. 151522. <br />Councilmember Karen White motioned for passage. <br />Vice President Sheila Niezgodski seconded. <br />President McBride responded Bill No. 151522 has been moved and seconded, and requests roll call. <br />Clerk Dawn Jones responded with eight (8) ayes. <br />President McBride stated Bill No. 151522 has been adopted. <br />20-22 PUBLIC HEARING ON AN ORDINANCE OF <br />THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, SUPPLMENTING <br />AND AMENDING ORDINANCE NO. 9722-06, <br />ORDINANCE NO. 9968-09, AND ORDINANCE <br />NO. 10142-11 PERTAINING TO THE CITY OF <br />4 <br />