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REGULAR MEETING JULY 26, 1999 <br />Mr. Fedder advised that the City is entertaining an application for an Economic Development <br />Revenue Bond to finance the acquisition of land and construction of a fifty thousand (50,000) square <br />foot building in the industrial park. The Resolution submitted today is an Inducement Resolution <br />which is the initial step in the issuance of bonds which would permit the borrower to reimburse <br />expenditures from the project out of the bond proceeds for any expenses paid up to sixty (60) days <br />prior to the passage of this Inducement Resolution. Mr. Fedder noted that they will be back in the <br />future for the typical funding ordinance as the bond project goes forward. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Kelly made a motion to adopt this Resolution. Councilmember <br />King seconded the motion which carried and the Resolution was adopted by a roll call vote of seven <br />(7) ayes, with Councilmember Hosinski recusing himself from voting on this matter. <br />BILLS - FIRST READING <br />BILL NO. 56 -99 A BILL AMENDING CHAPTER 21, ARTICLE 2 OF THE <br />SOUTH BEND MUNICIPAL CODE REGARDING THE <br />PARKING OF OVERSIZED VEHICLES IN "A" <br />RESIDENTIAL USE DISTRICT IN THE CITY OF SOUTH <br />BEND, INDIANA <br />This bill had first reading. Councilmember Kelly made a motion to refer this bill to the Area Plan <br />Commission. Councilmember King seconded the motion which carried by a voice vote of eight (8) <br />ayes. . <br />BILL NO. 57 -99 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, AMENDING CHAPTER 21, <br />ARTICLE 8, (SUBDIVISIONS), SECTION 21 -135 <br />DEFINITIONS, OF THE SOUTH BEND MUNICIPAL <br />CODE TO ADD A DEFINITION OF LOT OF RECORD <br />This bill had first reading. Councilmember Kelly made a motion to refer this bill to the Area Plan <br />Commission. Councilmember Pfeifer seconded the motion which carried by a voice vote of eight <br />(8) ayes. <br />BILL NO. 58 -99 A BILL OF THE CITY OF SOUTH BEND, INDIANA, <br />COMMON COUNCIL APPROVING AND AUTHORIZING <br />THE EXECUTION OF A LEASE FOR THE <br />RENOVATION AND EQUIPPING OF THE FORMER <br />O'BRIEN SCHOOL FOR USE AS A RECREATION <br />CENTER AND PARK DEPARTMENT <br />ADMINISTRATIVE OFFICE SPACE AND REGARDING <br />CERTAIN RELATED MATTERS <br />This bill had first reading. Councilmember Pfeifer made a motion to refer this bill to the Parks and <br />Recreation Committee and set it for Public Hearing and Third Reading on August 9, 1999. <br />Councilmember Kelly seconded the motion which carried by a voice vote of eight (8) ayes. <br />BILL NO. 59-99 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, SETTING THE ANNUAL <br />SALARIES FOR THE COUNCIL MEMBERS FOR <br />CALENDAR YEARS 2000, 2001, 2002, and 2003 <br />