10-14-02 Council Meeting Minutes

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REGULAR MEETING OCTOBER 14, 2002 BILL NO. 68 -02 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, SETTING THE ANNUAL SALARIES FOR THE MAYOR AND FOR THE CITY CLERK FOR CALENDAR YEAR 2003 Councilmember Aranowski reported that the Personnel & Finance Committee met on this bill this afternoon and sends it to the Council with a favorable recommendation. City Clerk Loretta J. Duda, Room 455, County -City Building, South Bend, Indiana, made the presentation for this bill. Ms. Duda advised that this is an annual ordinance that sets the salaries of the Mayor and City Clerk pursuant to Indiana Code 36- 4 -7 -2. The ordinance establishes the annual compensation for calendar year 2003 for the Mayor at $84,096.00 and for the City Clerk at $45,556.00. These amounts reflect a four percent (4 %) increase which is what non - bargaining City employees will receive in 2003. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember Aranowski made a motion for favorable recommendation to full Council concerning this bill. Councilmember Coleman seconded the motion which carried by a voice vote of eight (8) ayes. BILL NO. 76 -02 PUBLIC HEARING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE PRELIMINARY ISSUANCE OF BONDS TO EVIDENCE A LOAN FROM THE INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT BROWNFIELDS CLEANUP REVOLVING LOAN FUND ADMINISTERED BY THE INDIANA DEVELOPMENT FINANCE AUTHORITY, PLEDGING A PORTION OF THE CITY'S COUNTY OPTION INCOME TAX REVENUES TO SECURE SUCH BONDS, AND OTHER MATTERS CONNECTED THEREWITH Councilmember Kelly made a motion to consider the substitute version of this bill as filed. Councilmember Coleman seconded the motion which carried by a voice vote of eight (8) ayes. Councilmember Aranowski reported that the Personnel & Finance Committee met on this bill this afternoon and sends it to the full Council with a favorable recommendation. Ms. Ann Kolata, Department of Community & Economic Development, 12th Floor, County -City Building, South Bend, Indiana, made the presentation for this bill. Ms. Kolata advised that this ordinance authorizes the borrowing of $1 million for the remediation of the brownfield site which is known as Fredrickson Park which is in the vicinity of Indiana 23 and Howard Street. The loan proceeds will be used to remediate the environmental problems that are at the site and this authorizes the borrowing of the money and sets the maximum terms under which it will be repaid. This bill indicates that it cannot go longer than twenty (20) years and not more than three per cent (3 %) interest and contains a no prepaid penalty if the City should choose to pay it back sooner. Ms. Kolata noted that they are still in negotiations with the State of Indiana on the money. They believe that they will be doing a ten (10) year bond at a two and one -half per cent -5-