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REGULAR MEETING JUNE 24, 1985 <br />SECTION VI. This inducement resolution shall be in full force and effect from and <br />after its adoption by the Common Council and approval by the Mayor. <br />DATED THIS <br />DAY OF <br />s /Ann Puzzello <br />Member of the Common Council <br />, 1985. <br />A public hearing was held on the resolution at this time. Ken Fedder, attorney for <br />the Economic Development Commission made the presentation on this resolution at this <br />time. The proceeds of the bond issue will be used to purchase the Sears warehouse <br />building and associated property and to carry out such construction as is required <br />to convert the building into a distribution and operations center for General Mico. <br />It is estimated this project will result in the creation of approximately 25 new <br />jobs within one year of General Microcomputer's occupancy of the facility. It is <br />further estimated that these new jobs will generate an annual payroll of <br />approximately $300,000.00 per year. <br />RESOLUTION 1304 -85 A RESOLUTION CLOSING VARIOUS LOCAL ROADS AND STREET <br />PROJECTS. <br />WHEREAS, the City of South Bend through the Department of Engineering has completed <br />several projects in the Local Roads and Street Fund. It has been determined that <br />monies previously appropriated for for these projects were higher than necessary. <br />Deductions in appropriations must be made to close out the completed projects. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA: <br />SECTION I. Appropriations for the following projects are hereby decreased with the <br />purpose of closing out said projects. <br />PROJECTS. PROJECT TITLE AMOUNT <br />905 L.W.E. $ 6,372.54 <br />101 Bendix Dr. Track <br />Relocation 1,763.00 <br />202 Torrington Signal 35,000.00 <br />203 Ardmore Trail Widening 15,979.00 <br />204 Scarification & <br />Pavement Repair 14,927.82 <br />302 1983 Resurfacing 12,452.99 <br />Total Reduction $ 86,496.40 <br />SECTION II. That this resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />s /Ann Puzzello <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Joseph Pluta, Director of <br />the Division of Engineering, made the presentation on the resolution at this time. <br />He indicated that the resolution eliminates from the engineering records several old <br />appropriations. The projects they pertain to have been completed or are no longer <br />needed. The funds will then be available for future use. The money will revert back <br />to the LRSF. <br />Council Member Voorde made a motion to adopt this resolution, seconded by Council <br />Member Taylor. The resolution was adopted by a roll call vote of nine ayes. <br />BILLS, FIRST READING <br />BILL NO. 63 -85 <br />A BILL ANNEXING TO AND BRINGING WITHIN THE CITY LIMITS <br />OF SOUTH BEND, INDIANA, CERTAIN LAND LOCATED IN ST. <br />JOSEPH COUNTY, INDIANA. <br />This bill had first reading. Council Member Serge made a motion to set this bill for <br />second reading and public hearing July 8, 1985 and refer it to the Zoning and <br />Vacation Committee, seconded by Council Member Zakrzewski. The motion carried. <br />BILL NO. 64 -84 <br />A BILL OF THE CITY OF SOUTH BEND, INDIANA APPROPRIATING <br />THE SUM OF ONE HUNDRED EIGHTY -ONE THOUSAND FOUR HUNDRED <br />SEVENTY -FIVE DOLLARS ($181,475) FOR PAYMENT OF THE <br />JUDGMENT BOND OF 1984. <br />This bill had first reading. Council Member Puzzello made a motion to set this bill <br />for second reading and public hearing on July 8, 1985, and refer it to the Personnel <br />& Finance Committee, seconded by Council Member Crone. The motioned carried. <br />