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_yd <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA; <br />SECTION I. Hereby establishes the authority of the Mayor of City of South Bend <br />to submit an Industrial Development Fund Loan application to the Indiana Department <br />of Commerce for the Mastic Corporation expansion project. <br />SECTION II. This <br />Resolution shall be in <br />full force <br />and effect <br />immediately <br />upon <br />passage by the Common <br />Council of the City of <br />South Bend, <br />Indiana, <br />and approval <br />by <br />the Mayor. <br />/s/ Joseph <br />T. Serge <br />Member <br />of the Common Council <br />RESOLUTION NO. 1489 -87 <br />A RESOLUTION OF <br />THE COMMON <br />COUNCIL OF <br />THE CITY OF <br />SOUTH <br />BEND, INDIANA, <br />AUTHORIZING <br />THE MAYOR <br />TO SUBMIT AN <br />APPLICATION TO <br />THE INDIANA <br />DEPARTMENT <br />OF COMMERCE <br />FOR <br />THE INDUSTRIAL <br />DEVELOPMENT <br />GRANT. <br />WHEREAS, the City of South Bend is dedicated to pursuing economic development <br />through promoting growth of businesses which stimulate the local economy and thereby <br />benefit the people of South Bend as a whole; and <br />WHEREAS, the Mastic Corporation expansion project will benefit the local <br />economy, specifically by creating new manufacturing jobs and new construction jobs, <br />by generating new taxes on real and personal property, by utilizing vacant land, and <br />by contributing to the construction of a new building and infrastructure development <br />in the South Bend community; and <br />WHEREAS, the expansion of the Mastic Corporation, an existing manufacturing <br />industry in South Bend, fits into our overall development concept as it will <br />contribute to the restoration and diversification of our industrial base; an <br />WHEREAS, the receipt of an Industrial Development Grant will enable the City of <br />South Bend to provide the infrastructure improvements necessary to implement this <br />project, specifically by constructing a new road that will facilitate the expansion , <br />of Mastic Corporation and the future development of the Rum Village Industrial Park. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA: <br />SECTION I. Hereby establishes the authority of the Mayor of the City of South <br />Bend to submit an Industrial Development Grant application to the Indiana Department <br />of Commerce for the Mastic Corporation expansion project. <br />SECTION II. This Resolution shall be in full force and effect immediately upon <br />passage by the Common Council of the City of South Bend, Indiana, and approval by <br />the Mayor. <br />/s/ Joseph T. Serge <br />Member of the Common Council <br />A public hearing was held on the resolutions at this time. K. C. Pocius, <br />Redevelopment Project Manager, indicated these two resolutions are grant and loan <br />applications to the State relating to the Mastic Corportion expansion project. He <br />indicated the City has already given tentative approval for the grant, however, the <br />formal applications and the accompanying resolutions are necessary before the final <br />agreements can be put in place. Council Member Barcome made a motion to adopt <br />Resolution No. 1488 -87, seconded by Council Member Zakrzewski. The resolution was <br />adopted by a roll call vote of nine ayes. Council Member Barcome made a motion to <br />adopt Resolution No. 1489 -87, seconded by Council Member Zakrzewski. The resolution <br />was adopted by a roll call vote of nine ayes. <br />BILLS, FIRST READING <br />BILL NO. 21 -87 A BILL AMENDING CHAPTER 21 OF THE MUNICIPAL CODE OF THE CITY OF <br />SOUTH BEND REGARDING EXCEPTIONS IN "C" COMMERCIAL DISTRICTS. <br />This bill had first reading. Council Member Taylor made a motion to refer this bill <br />to Area Plan, seconded by Council Member Zakrzewski. The motion carried. <br />BILL NO. 22 -87 A BILL APPROPRIATING $290,000.00 FROM THE NON - REVERTING <br />FREDRICKSON PARK PROPERTY FUND TO ACCOUNT 399.0 CONTRACTUAL <br />SERVICES, SAID ACCOUNT BEING WITHIN THE FREDRICKSON PARK PROPERTY <br />FUND. <br />This bill had first reading. Council Member Puzzello made a motion to set this bill <br />for second reading and public hearing April 13, seconded by Council Member Taylor. <br />The motion carried. <br />UNFINISHED BUSINESS <br />