09-23-85 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 23, 1985 ORDINANCE NO. 7521 -85 AN ORDINANCE AMENDING CHAPTER 21 OF THE SOUTH BEND MUNICIPAL CODE ENTITLED ZONING, AT SUB - SECTIONS 21 -1 (A) (3.1) AND 21 -172. This bill had second reading. Council Member Taylor made a motion to pass this bill, seconded by Council Member Zakrzewski. The bill passed by a roll call vote of nine ayes. BILL NO. 108 -85 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE FIRST NORTH -SOUTH ALLEY WEST OF PORTAGE AVENUE RUNNING NORTH FROM THE NORTH RIGHT -OF -WAY LINE OF KING STREET TO THE FIRST INTERSECTING EAST -WEST ALLEY, FOR A DISTANCE OF 118 FEET (ONE HUNDRED EIGHTEEN FEET), BOUNDED ON THE WEST OF LOT 7 OF POLI'S FIRST ADDITION, AND ON THE EAST BY LOT A OF THE VICTORY ADDITION. Council Member Taylor made a motion to continue public hearing on this bill to October 14, seconded by Council Member Crone. The motion carried. ORDINANCE NO. 7522 -85 AN ORDINANCE TRANSFERRING $40,00.00 AMONG VARIOUS ACCOUNTS WITHIN THE DIVISION OF COMMUNITY DEVELOPMENT. This bill had second reading. Council Member Serge made a motion to pass this bill, seconded by Council Member Zakrzewski. The bill passed by a roll call vote of nine ayes. ORDINANCE NO. 7523 -85 AN ORDINANCE TRANSFERRING $40,131.00 AMONG VARIOUS JOBS BILL ACCOUNTS WITHIN THE DIVISION OF COMMUNITY DEVELOPMENT. This bill had second reading. Council Member Braboy made a motion to pass this bill, seconded by Council Member Taylor. The bill passed by a roll call vote of nine ayes. RESOLUTIONS RESOLUTION NO. 1344 -85 A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT BETWEEN THE CITY OF SOUTH BEND, INDIANA AND MATTHEW R. AND LYNN H. DEE PROVIDING FOR THE ISSUANCE OF SAID CITY OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS PURSUANT TO THE PROVISIONS OF INDIANA CODE, TITLE 36, ARTICLE 7, CHAPTER 12, AS AMENDED. The area still has insufficient employment opportunities and insufficient diversification of industries, which conditions are harmful to the economic stability and general welfare of the area and, if not remedied, will be detrimental to the development of such area. The City of South Bend, Indiana (the "City ") is authorized under the provisions of Indiana Code, Title 36, Article 7, Chapter 12, as amended (the "Act "), to acquire, construct and finance economic development projects for the users thereof and to provide for the issuance of revenue bonds in conjunction therewith. The City, in order to implement the public purposes enumerated in the Act and in furtherance thereof to induce Matthew R. and Lynn H. Dee (The "Borrower ") to purchase land and improvements and construct and equip additional improvements on real estate to be purchased (hereinafter collectively called the "Project ") within the limits of South Bend, Indiana, has indicated its intent to issue its revenue bonds under the pursuant to the provisions of the Act and to apply the proceeds therefrom to the payment of the costs of the Project. The Borrower, after considering a number of possible locations within and outside the State of Indiana, and in reliance upon the intent of the City of finance the Project through the issuance of revenue bonds under the provisions of the Act, has determined to construct the Project within the limits of South Bend, Indiana. It is now deemed advisable to authorize the execution and delivery by the City of a Memorandum of Intent expressing formally and in writing the understanding heretofore formally agreed upon by the City and the Borrower. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana as follows: SECTION 1. The Mayor is hereby authorized and directed to execute a Memorandum of Intent by and between the City and the Borrower and the City Clerk is hereby authorized and directed to affix the seal of the City thereto and to attest the same; and said Mayor and City Clerk are hereby authorized and directed to cause said Memorandum of Intent to be delivered to, accepted and executed by the Borrower, said memorandum of Intent, which is hereby approved and incorporated by reference and made a part of this authorizing resolution, to be in substantially the form attached hereto.