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REGULAR MEETING <br />CITY OF SOUTH BEND, INDIANA, <br />1. That the terms of si <br />interests of the City of Sou - <br />of such equipment and the Coi <br />Bend, Indiana designates and <br />execute and deliver, and to i <br />respectively, the Lease Agree <br />necessary to the consummatioi <br />the Lease Agreement. <br />Party to Execute Lease Agree. <br />Gwen Stiver, President <br />Board of Park Commissioners <br />or, in her absence, <br />Robert Henry, Vice President <br />2. That the Common Cou <br />represents that the reasonab <br />tax - exempt obligations which <br />City of South Bend, Indiana <br />calendar year within which t <br />exempt obligation" pursuant <br />Revenue Code. <br />SEPTEMBER 23, 1996 <br />as follows: <br />Lid Lease Agreement are in the best <br />:h Bend, Indiana for the acquisition <br />anon Council of the City of South <br />confirms the following persons to <br />ritness the execution and delivery, <br />!ment and any related documents <br />L of the transactions contemplated by <br />Party to Attest to the <br />Execution of Lease: <br />Bill Carleton, Secretary <br />Board of Park Commissioners <br />cil of the City of South Bend hereby <br />y anticipated amount of qualified <br />have been and will be issued by the <br />oes not exceed $10,000.000 for the <br />is Lease Agreement is to be a "tax <br />o Section 265(b)(3) of the Internal <br />3. This Resolution sha 1 be in full force and effect from <br />and after its adoption by th Common Council and approval by the <br />Mayor. <br />A public hearing was held on <br />Council Member Broden report <br />Department had met on this b <br />Bill Carleton, fiscal office <br />presentation for the resolut <br />will secure funding for the <br />softball complex. He indica <br />agreement with Norwest Inves <br />Coleman made a motion to ado <br />Council Member Broden. The <br />vote of seven ayes. <br />BILLS, FIRST READING <br />BILL NO. 82 -96 <br />A BILL OF THE <br />BEND, INDIANA <br />MAYOR AND FOR <br />1997 <br />This bill had first reading. <br />to refer this bill to the Pe: <br />it for Public Hearing and th. <br />by Council Member Coleman. ' <br />PRIVILEGE OF THE FLOOR <br />/s/ Roland Kelly <br />Member of the Common Council <br />the resolution at this time. <br />:d that the Parks & Recreation <br />.11 and recommends its adoption. <br />for Parks and Recreation, made the <br />.on. He indicated this resolution <br />levelopment of the Belleville <br />:ed this would be a lease purchase <br />.ment Services. Council Member <br />at this resolution, seconded by <br />.-esolution was adopted by a roll call <br />COMMON COUNCIL OF THE CITY OF SOUTH <br />SETTING THE ANNUAL SALARIES FOR THE <br />THE CITY CLERK FOR CALENDAR YEAR <br />Council Member Luecke made a motion <br />- sonnel & Finance Committee and set <br />.rd reading on October 28, seconded <br />'he motion carried. <br />Jim Cierzniak, 1156 E. Victoria, indicated he questioned the <br />expenditure of $2,560 for eight tickets to be used by sponsors at <br />the NFF's kick -off classics game. He indicated he thought the <br />NFF should be giving tickets to the sponsors. <br />There being no further bus <br />unfinished or new, Council <br />at 8:24 p.m. <br />ATTEST: <br />ss to come before the Council, <br />esident Kelly adjourned the meeting <br />ATTEST: <br />PRESIDENT <br />L1 <br />1 <br />1 <br />