01-08-01 Council Meeting Minutes

Home Browse Search

REGULAR MEETING JANUARY 8.2001 Section 4. It is hereby recognized that the issuance and sale of revenue bonds by the City under the Act for the purposes set forth herein shall be subject to the City's obtaining such approvals as may be required under the Act. Section 5. To the extent permitted by the Act, such changes may be made in the Project as are deemed necessary or desirable, or as may be required in light of then existing regulations or technology, or both, provided that after such changes the Project will continue to constitute economic development facilities within the meaning of the Act and any other applicable laws or regulations. Section 6. The Project will contribute to the creation of permanent job opportunities in the City. Section 7. The evidence submitted by the Company regarding the adverse competitive impact of the Project on similar facilities already constructed or operating in the City, such evidence being embodied in the "Findings of Fact of South Bend Economic Development Commission regarding Goodwill Industries of Michiana, Inc., as "Applicant" attached to the Report of the South Bend Economic Development Commission, establishes that the Project will not have an adverse competitive impact on similar facilities already constructed or operating in the City. Section 8. This Resolution shall be in full force and effect immediately upon compliance with the procedures required by law. 2001. Adopted by the Common Council of the City of South Bend, Indiana, this Stn day of January, By: s /Charlotte Pfeifer Member of the Common Council Councilmember Aranowski reported that the Personnel and Finance Committee met this afternoon on this bill and sends it to the Council with a favorable recommendation. Mr. Kenneth P. Fedder, attorney with the South Bend Economic Development Commission, 205 West Jefferson Boulevard, Suite 606, South Bend, Indiana, made the presentation for this Resolution. Mr. Fedder advised that this Inducement Resolution is for the Goodwill Industries of Michiana, Inc. Project which is a tax exempt transaction to permit them to expand their existing operation in the City. He noted that Goodwill Industries is both a not - for - profit corporation and a tax exempt organization. The proposed projects will take place in two (2) locations. A forty thousand (40,000) square foot production industrial service building will be located on Western Avenue adjacent to the current facility and the remaining project is an eleven thousand (11,000) square foot retail store to be located at 1904 Ireland road. This is a non tax obligation revenue bond of the City of South Bend and there is no liability. He further noted that they are in the early stages of the negotiations for the financing of the project which will be approximately $2.2 million dollars of which two hundred thousand dollars ($200,000.00) will come from private funding. It is anticipated that fifty (50) new jobs will be created with an estimated payroll of eight hundred thousand dollars ($800,000.00). A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Ujdak made a motion to adopt this Resolution. Coutncilmember Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 2962 -01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING THE AMENDED FIVE YEAR 1NTERLOCAL AGREEMENT WITH ST. JOSEPH COUNTY FOR EMERGENCY MEDICAL SERVICES