REGULAR MEETING AUGUST 10, 1981
<br />BILLS, SECOND READING
<br />ORDINANCE NO. 6950 -81
<br />AN ORDINANCE AMENDING ORDINANCE NO. 4990 -68, AS AMENDED,
<br />COMMONLY KNOWN AS THE ZONING ORDINANCE OF THE CITY OF SOUTH
<br />BEND, INDIANA (CHAPTER 21, MUNICIPAL CODE) (1441 NORTHSIDE
<br />BLVD.)
<br />This bill had second reading. Council Member Taylor made a motion to pass this bill,
<br />seconded by Council Member Dombrowski. The bill passed by a roll call vote of nine
<br />ayes.
<br />ORDINANCE NO. 6951 -81 AN ORDINANCE APPROPRIATING $60,000.00 FROM THE SEWAGE WORKS
<br />DEPRECIATION FUND TO ACCOUNT NO. 0722, MOTOR EQUIPMENT,
<br />WITHIN THE SEWAGE WORKS DEPRECIATION FUND.
<br />This bill had second reading. Council Member Serge made a motion to pass this bill,
<br />seconded by Council Member Dombrowski. The bill passed by a roll call vote of nine
<br />ayes.
<br />ORDINANCE NO. 6952 -81
<br />AN ORDINANCE APPROPRIATING $100,000.00 FROM THE FEDERAL
<br />ASSISTANCE GRANT, COMMONLY REFERRED TO AS GENERAL REVENUE
<br />SHARING FOR THE PURCHASE OF EQUIPMENT AND REPAIRS TO BE
<br />ADMINISTERED BY THE CITY OF SOUTH BEND, INDIANA, THROUGH THE
<br />DEPARTMENT OF ADMINISTRATION AND FINANCE.
<br />This bill had second reading. Council Member Beck made a motion to pass this bill,
<br />seconded by Council Member Serge. The bill passed by a roll call vote of nine ayes.
<br />ORDINANCE NO. 6953 -81
<br />AN ORDINANCE TRANSFERRING MONIES FROM THE SALARIES AND WAGES
<br />ACCOUNT IN THE POLICE DEPARTMENT TO THE MOTOR EQUIPMENT
<br />ACCOUNT IN THE POLICE DEPARTMENT WITHIN THE GENERAL FUND OF
<br />THE CITY OF SOUTH BEND, INDIANA.
<br />This bill had second reading. Council Member Serge made a motion to pass this bill,
<br />seconded by Council Member Beck. The bill passed by a roll call vote of nine ayes.
<br />RESOLUTIONS
<br />RESOLUTION NO. 900 -81
<br />A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A
<br />MEMORANDUM OF INTENT BETWEEN THE CITY OF SOUTH BEND, INDIANA
<br />AND AUTOMATIC MOLDED PLASTICS, INC., AN INDIANA CORPORATION,
<br />PROVIDING FOR THE ISSUANCE BY SAID CITY OF ITS ECONOMIC
<br />DEVELOPMENT REVENUE BONDS PURSUANT TO THE PROVISIONS OF
<br />INDIANA CODE, TITLE 18, ARTICLE 6, CHAPTER 4.5, AS AMENDED.
<br />The area still has insufficient employment opportunities and insufficient diver-
<br />sification of industries, which conditions are harmful to the economic stability and
<br />general welfare of the area and, if not remedied, will be detrimental to the develop-
<br />ment of such area.
<br />The City of South Bend, Indiana (the "City ") is authorized under the provisions
<br />of Indiana Code, Title 18, Article 6, Chapter 4.5, as amended (the "Act "), to finance
<br />the acquisition and construction of economic development facilities for the users
<br />thereof and to provide for the issuance of revenue bonds in conjunction therewith.
<br />The City, in order to implement the public purposes enumerated in the Act and in
<br />furtherance thereof to induce Automatic Molded Plastics, Inc., an Indiana corpora-
<br />tion, (the "Borrower ") to construct an addition to its existing manufacturing plant
<br />situated within the limits of the City and to acquire additional machinery and equip-
<br />ment for the manufacture and processing of plastic products at said plant (herein-
<br />after collectively called the "Project "), had indicated its intent to issue its revenue
<br />bonds under and pursuant to the provisions of the Act as to apply the proceeds therefrom
<br />to the payment of a portion of the costs of the Project.
<br />The Borrower, in reliance upon the intent of the City to finance a portion fo
<br />the Project through the issuance of revenue bonds under the provisions of the act,
<br />has determined to proceed with the Project.
<br />It is now deemed advisable to authorize the execution and delivery by the City
<br />of a Memorandum of Intent expressing formally and in writing the understanding here-
<br />tofore informally agreed upon by the City and the Borrower.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of- the_.City of South Bend,
<br />Indiana as follows:
<br />Section 1. The Mayor is hereby authorized and directed to execute a Memorandum
<br />.of,;.Intent by and between the City and the Borrower and the City Clerk is hereby auth-
<br />orized and directed to affix the seal of the City thereto and to attest the same; and
<br />said Mayor and City Clerk are hereby authorized and directed to cause said Memorandum
<br />of Intent to be delivered to, accepted, and approved and incorproated by reference
<br />and -made a part of this authorizing resolution, to be in substantially the form at-
<br />tached hereto.
<br />Section 2. All resolutions and orders, or parts thereof, in conflict with the
<br />provisions of this resolution are, to the extent of such conflict, hereby repealed
<br />and this resolution shall be in immediate effect from and after its adotpion.
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