08-10-81 Council Meeting Minutes

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1 F REGULAR MEETING AUGUST 10 1981 This inducement resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Lewis A. McGann Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, attorney representing Molded Plastics, indicated this proposed bond issue would be used to purchase machinery and equipment. He indicated that nine new jobs will be created. Council Member Szykowiak made a motion to adopt this resolution, seconded by Council Member Dombrowski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 901 -81 AN INDUCEMENT RESOLUTION RELATING TO THE FINANCING OF POL- LUTION CONTROL FACILITIES FOR WASTE MANAGEMENT, INC. At the present time here is insufficient abatement or control of pollution in and near the City of South Bend, Indiana (the "City "). The health and general wel- fare of the persons residing in and near the City would be benefitted by the acquisi- tion and construction of pollution control facilities pursuant to the provisions of Indiana Code 18 -6 -4.5 (the "Act "). Waste Management, Inc. (the "Company ") proposes to acquire and construct pollution control facilities, as defined in the Act, if the City will finance costs of such pollution control facilities pursuant to the Act. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend, Indiana, as follows: Section 1. The proposed project constitutes pollution control facilities which may be financed by the City through the issuance of revenue bonds pursuant to the Act, and the City is willing, upon compliance with all provisions of Indiana law, to authorize the issuance of its revenue bonds in an amount of approximately $6,000,000 (or such lesser amount as may be agreed upon), which bonds will not be general obli- gations of the City but will be payable solely from the imited sources authorized and permitted by the Act. Section 2. The proposed financing will be of benefit to the health and general welfare of the persons residing in and near the City and will comply with the pur- poses and provisions of the Act. Section 3. The Company may proceed with acquisition and construction of the pollution control facilities in reliance upon this resolution. Section 4. This inducement resolution shall be in full force and effect from and after its passage by the Common Council and its approval by the Mayor. /s /Lewis A. McGann Member of the Common Council A public hearing was held on the resolution at this time. Kevin Butler, attorney representing Waste Management, Inc., indicated this proposed bond issue of $6,000,000 would be used to build the sanitary landfill on Shively Road. He indiated this would be the first pollution control bond issue in the County. Council Member Szymkowiak made a motion to adopt this resolution, seconded by Council Member Beck. The resolu- tion was adopted by a roll call vote of nine ayes. RESOLUTION NO. 902 -81 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT AN APPLICA- TION FOR AN ECONOMIC DEVELOPMENT GRANT, UNDER THE STATE DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT GRANTS PROGRAM, THROUGH THE INDIANA STATE DEPARTMENT OF COMMERCE. WHEREAS, the City of South Bend, acting through the office of the Mayor and Common Council, has aggressively and successfully sought out to improve South Bend's economic by initiating and supporting economic development projects which increase the City's tax base, job opportunities, and local incomes; and WHEREAS, The City of South Bend, acting through the office of the Mayor and Common Council, has aggressively and successfully sought out state assistance to support local efforts and to supplement local resources; and WHEREAS, the purposes of the State Depatment of Commerce Economic Development Grants Program is to strengthen the local economic development activities to provide greater employment for Indiana communities; and WHEREAS, the City of South Bend would like to implement a development packaging and job targeting mechanism to be utilized principally in economic development activ- ities that have a substantial potential for job creation; and