03-22-93 Council Meeting Minutes

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REGULAR MEETING MARCH 22, 1993 the West Washington- Chapin Development Area, from the date previously established by Resolution No. 818, adopted by the Commission on October 23, 1987, and confirmed by Resolution No. 824, adopted by the Commission on December 11, 1987, and to make such change by amending Resolution No. 818 and has submitted said Resolution No. 1138 to the Common Council of the City of South Bend for approval pursuant to the provisions of Indiana Code 36- 7 -14 -1, et seq., (the Act) which Resolution is attached hereto and made a part hereof; and WHEREAS, pursuant to the provisions of the Act, the Commission desires to change the base assessment date for the West Washington- Chapin Development Area (Area) from March 1, 1987, to March 1, 1992. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, as follows: 1. That Resolution No. 1138, adopted by the South Bend Redevelopment Commission on February 19, 1993, conforms to the Master Plan of Development for the City of South Bend. 2. That Resolution No. 1138 of the South Bend Redevelopment Commission, changing the base assessment date for the West Washington- Chapin Development Area from March 1, 1987, to March 1, 1992, is in all respects approved, ratified, and confirmed. 3. This resolution hereby constitutes the approval of the Common Council of the City of South Bend on Resolution No. 1138 pursuant to I.C. 36- 7- 14 -16. 4. That the City Clerk of the City of South Bend is hereby directed to file a copy of said Resolution No. 1138 with the minutes of this meeting. 5. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Stephen Luecke Member of the Common Council A public hearing was held on the resolution at this time. Council Member Kelly reported that the Human Resources Committee had met on this resolution and recommended it favorable. Ann Kolata, Economic Development, made the presentation. She indicated this resolution would change the base assessment date for the West Washington- Chapin Street Development Area, in order to compensate for the loss in assessment valuation from the 1990 reassessment. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Ladewski. The motion carried. RESOLUTION NO. 2027 -93 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND REGARDING USE OF SURPLUS BOND PROCEEDS FROM SEWAGE WORKS REVENUE BONDS OF 1989. WHEREAS, this Common Council adopted Ordinance No. 7951 -88, authorizing the issuance of the City's Sewage Works Revenue Bonds of 1989, the proceeds of which were used to make general improvements to the City's sewer utility; and WHEREAS, the City Controller has made certifications regarding surplus monies derived from bond proceeds and investment earnings on bond proceeds; and WHEREAS, this Common Council deems it advisable to use said surplus and further investment earnings thereon fro additional improvements to the City's sewage works as more particularly described on Exhibit A attached hereto. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: 1. That the determinations set forth in the certifications of the Controller are hereby approved. 2. That the Common Council of the City of South Bend hereby approves the use of said surplus and further investment earnings thereon for the purposes as described on Exhibit A attached hereto. This Resolution shall be in full force and effect from and after its passage and approval by the Mayor. /s/ Stephen Luecke Member of the Common Council A public hearing was held on the resolution at this time. Council Member Zakrzewski reported that the Utilities Committee had met on this resolution and recommended it to the Council favorable. Kevin Horton, Controller, made the presentation for the bill. He indicated this resolution allowed for the expenditure of $520,000 in surplus funds from the 1989 Sewage Works Revenue Bond Issue. He indicated these funds would be used on improvements to the City's sewage works. Jack Dillon, Director of Environmental Services, spoke regarding the problems with the Chippewa