05-11-87 Council Meeting Minutes

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7. (y'ULAR MF.F.TTNG MAY 11,1987 WHEREAS, the receipt of a State Investment Incentive Grant will enable the City of South Bend to finance a portion of the acquisition costs of manufacturing equipment necessary to allow Precision Tool & Die and Design, Inc. to begin their operation in South Bend; and NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. Hereby establishes the authority of the Mayor of the City of South Bend to submit a State Investment Incentive Grant application to the Indiana Department of Commerce for Precision Tool & Die and Design Inc. project. SECTION II. This Resolution shall be in full force and effect immediately upon passage by the Common Council of the city of South Bend, Indiana, and approval by the Mayor. /s/ Joseph T. Serge Member of the Common Council A public hearing was held on the resolution at this time. Jon Hunt, Director of Redevelopment, indicated Sibley's is an existing business and without assistance from the City the long term viability of the entire operation will be in jeopardy. He indicated that Sibley's has recently acquired certain operating assets of General Castings in Waukesha and they are currently in the process of phasing out the operation in Waukesha and moving the production to South Bend. He indicated that Sibley's internal funds are not sufficient to finance all of the acquisition cots. He indicated they have obtain a line of credit from a local bank and received approval for funds from the South Bend Industrial Revolving Fund, however, additional funds are still required and they will come from a combination of grants for training, state loans and additional borrowing. He indicated that Precision Tool is a minority owned business which will acquire the assets and customer base of Advance Engineering, in Niles. He indicated they planned to relocate the facility to South Bend. He indicated the City has already received tentative approval for a grant in the amount of $100,000, however, the formal application and the accompanying resolution is necessary before the final agreements can be put in place. Council Member Barcome made a motion to adopt Resolution no. 1505 -87, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes. Council Member Taylor made a motion to adopt Resolution No. 1506 -87, seconded by Council Member Voorde. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING Council Member Barcome made a motion to have the next meeting May 26, seconded by Council Member Paszek. The motion carried. BILL NO. 32 -87 A BILL AMENDING SOUTH BEND MUNICIPAL CODE CHAPTER 21, ARTICLE 6.5, ENTITLED HISTORIC PRESERVATION COMMISSION. This bill had first reading. Council Member Puzzello made a motion to refer the bill to Area Plan, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 33 -87 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT THE SOUTHEAST CORNER OF COLUMBIA AND SOUTH STREETS IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Beck made a motion to refer the bill to Area Plan, seconded by Council Member Barcome. The motion carried. BILL NO. 34 -87 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE 1ST NORTH -SOUTH ALLEY WEST OF SUNNYSIDE, RUNNING FROM WAYNE STREET SOUTH TO THE INTERSECTING EAST -WEST ALLEY, FOR A TOTAL DISTANCE OF 112 FEET, MORE OR LESS. This bill had first reading. Council Member Puzzello made a motion to set this bill for second reading and public hearing May 26, and refer it to the Zoning and Vacation Committee, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 35 -87 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE FIRST EAST -WEST ALLEY SOUTH OF HURON STREET RUNNING EAST FROM KOSCIUSZKO STREET TO THE FIRST NORTH -SOUTH INTERSECTING ALLEY FOR A DISTANCE OF 128.6 FEET BETWEEN LOTS 22 AND 23 OF J M STUDEBAKER SUB OF LOT 1 - HARPER & RUCKMANS SURVEY TO THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA. This bill had first reading. Council Member Beck made a motion to set this bill for second reading and public hearing May 26, and refer it to the Zoning and Vacation Committee, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 36 -87 A BILL APPROPRIATING $46,603.58 FROM THE CUMULATIVE SEWER BUILDING AND SINKING FUND TO PROJECT CS 816 BOWMAN CREEK WITHIN THE CUMULATIVE SEWER BUILDING AND SINKING FUND.