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09-24-01 Council Meeting Minutes
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09-24-01 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
9/24/2001
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REGULAR MEETING <br />SEPTEMBER 24, 2001 <br />AUTHORIZED TO BE ISSUED AND DESIGNATED AS <br />"CITY OF SOUTH BEND, INDIANA, REVENUE BONDS, <br />SERIES 2001D," FOR THE PURPOSE OF FINANCING <br />THE COSTS OF REHABILITATION OF PROPERTY IN <br />CONNECTION WITH THE ROBERT BOSCH <br />CORPORATION RETENTION PROJECT, TOGETHER <br />WITH EXPENSES INCIDENTAL THERETO, INCLUDING <br />EXPENSES IN CONNECTION WITH THE ISSUANCE OF <br />THE BOND <br />Councilmember Aranowski made a motion to combine Bill Nos. 88 -01 and 89 -01 for purposes of <br />Public Hearing. Councilmember Coleman seconded the motion which carried by a voice vote of <br />nine (9) ayes. <br />Councilmember Coleman made a motion to consider the substitute version of Bill No. 88 -01 as <br />submitted. Councilmember Varner seconded the motion which carried by a voice vote of nine (9) <br />ayes. <br />Councilmember Kelly reported that the Community and Economic Development Committee and the <br />Personnel and Finance Committee met on these bills and recommends them to the Council <br />favorably. <br />Mr. Bob Case, Economic Development Specialist, Community & Economic Development, 1200 <br />County -City Building, South Bend, Indiana, made the presentation for these bills. <br />Mr. Case stated that these bills have the same explanation as the previous bills and are for five <br />hundred ten thousand dollars ($510,000.00) which will be amortized over twenty (20) years. <br />This being the time heretofore set for the Public Hearing on the above bills, proponents and <br />opponents were given an opportunity to be heard. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />these bills, Councilmember Coleman made a motion for favorable recommendation to full Council <br />concerning Bill No. 88 -011 as substituted. Councilmember Kelly seconded the motion which <br />carried by a voice vote of nine (9) ayes. Additionally, Councilmember Coleman made a motion for <br />favorable recommendation to full Council concerning Bill No. 89 -01. Councilmember White <br />seconded the motion which carried by a voice vote of nine (9) ayes. <br />BILL NO. 90 -01 PUBLIC HEARING ON A BILL OF THE COMMON <br />COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, <br />AUTHORIZING THE ISSUANCE OF REVENUE BONDS <br />TO EVIDENCE A LOAN FROM THE INDUSTRIAL <br />DEVELOPMENT FUND OF THE STATE OF INDIANA <br />RELATING TO THE ROBERT BOSCH CORPORATION <br />RETENTION PROJECT, CITY OF SOUTH BEND, <br />INDIANA, REVENUE BONDS, SERIES 2001E <br />BILL NO. 91 -01 PUBLIC HEARING ON A BILL OF THE COMMON <br />COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, <br />APPROPRIATING THE PROCEEDS DERIVED FROM <br />THE ISSUANCE OF BONDS HERETOFORE <br />AUTHORIZED TO BE ISSUED AND DESIGNATED AS <br />"CITY OF SOUTH BEND, INDIANA, REVENUE BONDS, <br />SERIES 2000E," FOR THE PURPOSE OF FINANCING <br />Ell <br />1 <br />1 <br />1 <br />
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