09-24-01 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 24, 2001 economic development projects in our community which have generated well over a billion dollars of investment and created thousands of new full -time jobs; and WHEREAS, Project Future plans to continue to conduct an area -wide economic development program which will attract new businesses and foster the expansion of existing businesses and related development; and WHEREAS, Project Future has requested from the City of South Bend, the City of Mishawaka, and St. Joseph County, respectively, a five (5) year commitment to assist in the funding of its economic development programs and its educational initiatives. NOW, THEREFORE, BE IT RESOLVED by the Common Council and the Mayor of the City of South Bend, Indiana, as follows: Section I. The City of South Bend, Indiana, pledges its support to Project Future in jointly working together to attract new businesses and jobs and to revitalize existing businesses in our community. Section II. Project Future has requested a five (5) year commitment from the City of South Bend of $110,000 in 2002, $110,000 in 2003, $110,000 in 2004, $110,000 in 2005 and $110,000 in 2006. Section III. The City of South Bend makes a total commitment of $550,000 to Project Future for calendar years 2002 through 2006, contingent upon the fiscal condition of the City in each of the five (5) designated years, and makes this commitment further subject to the annual budget review and approval process related thereto and a submission of periodic accounting reports to the City Clerk by Project Future. Section IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Council Member James Aranowski s /Council President Charlotte Pfeifer s /Council Member Roland Kelly s /Council Member Karl King s /Council Member David Varner Attest: s /Loretta J. Duda, City Clerk s /Council Member Andrew Ujdak s /Council Member Sean Coleman s /Council Member Al `Buddy" Kirsits s /Council Member Karen L. White s/Mayor Stephen J. Luecke Councilmember Aranowski reported that the Personnel & Finance Committee met on this bill and sends it to the Council with a favorable recommendation along with a proposed amendment. Councilmember Roland Kelly, 1325 East Wayne Street South, South Bend, Indiana, representing the 31d District, made the presentation for this Resolution. Councilmember Kelly stated that Project Future has been an important economic development tool in St. Joseph County and he urged unanimous support of this Resolution. Councilmember Kelly read the Resolution in its entirety incorporating one amendment. Council Attorney Kathleen Cekanski- Farrand noted that the following language has been added to the end of Section III: and a submission of periodic accounting reports to the City Clerk by Project Future. -23-