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REGULAR MEETING AUGUST 12, 1974
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />IRESOLUTION NO. 439 -74 (CONTINUED)
<br />WHEREAS, K and F Manufacturing Co., Inc. has filed an application with the
<br />Commission to finance the construction of an industrial and manufacturing building
<br />(facilities), on real estate deeded to the City on June 7, 1973, which will constitute
<br />economic development facilities resulting in a substantial number of new jobs as well
<br />as other benefits; and
<br />WHEREAS, in connection therewith the Commission has prepared and placed on file
<br />a report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5
<br />and has forwarded copies thereof to the Chairman of the Area Plan Commission and to the
<br />Superintendent of the School Corporation in the area of which the facilities will be
<br />located, and has timely received favorable reports from each of them; and
<br />WHEREAS, the Commission held a public hearing on the proposed financing of such
<br />facilities on July 19, 1974, after giving the required notice as provided for in Section
<br />17 of IC -1973, 18- 6 -4.5; and
<br />WHEREAS, the Commission at such meeting by a duly adopted written resolution,
<br />incorporated herein by reference, found that the proposed financing complies with the
<br />purposes and provisions of the Act, and approved such financing, including, but not
<br />limited to the forms and terms of the financing agreement consisting of the Lease and
<br />Trust Indenture and.the Bonds; and
<br />WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that
<br />the proposed financing of such facilities for K and F Manufacturing Co., Inc. will be
<br />of benefit to the health or welfare of the City of South Bend, Indiana, and that
<br />accordingly, this resolution should be adopted.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, that:
<br />Section 1. Such financing for K and F Manufacturing Co., Inc., an Indiana
<br />corporation, under the Act be and the same is hereby approved.
<br />Section 2. This resolution shall be in full force and effect from and after its
<br />passage by the Common Council and approval by the Mayor.
<br />s/ Roger 0. Parent
<br />Common Council Member
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />South Bend Development Commission, stated that K and F Manufacturing had appeared before the
<br />Council at a previous date for approval of a bond. He stated that the estimates have been
<br />tripled since that time and the expansion is greater than was anticipated. He stated that the
<br />question of an annexation waiver was agreed to in the prior issue. He stated that this applicatioi
<br />would be a re -issue of $142,000, and that, on July 19, 1974, the commission had met and found that
<br />the financing was beneficial to the city. He indicated that K and F Manufacturing was located in
<br />the Granger Industrial Park.
<br />Councilman Szymkowiak made a motion that the resolution be adopted, seconded by Councilman Taylor.
<br />The resolution was adopted by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 440 -74
<br />• RESOLUTION APPROVING THE INITIATION OF
<br />• HOUSING PROJECT BY THE HOUSING AUTHORITY
<br />OF THE CITY OF SOUTH BEND, INDIANA.
<br />WHEREAS, the Common Council wishes to reaffirm and act upon its commitment to
<br />support the conduct of an experimental housing program, as described in Common Council
<br />Resolution No. 408 -74, dated February 2, 1974, with the understanding that such program
<br />will initially be conducted only within the City of South Bend, and
<br />WHEREAS, such program will be funded by means of an Annual Contributions Contract
<br />to be executed between The Housing Authority of the City of South Bend, Indiana, and the
<br />United States of America, and
<br />WHEREAS, The Housing Authority of the City of South Bend, Indiana, has indicated
<br />a desire to enter into an Annual Contributions Contract for the Housing Assistance Supply
<br />Experimental Project under Section 23 of the United States Housing Act of 1937, Contract
<br />Number C -2007 ( "Project "), and
<br />WHEREAS, the Project is consistent with the provisions of the Housing Authorities
<br />Act, as amended, IC 18- 7 -11 -1, et seq. ( "Act "), and
<br />WHEREAS, the Project is in furtherance of the public policy declared in the Act
<br />and in the resolution previously enacted declaring that there is a need for a housing
<br />authority to function;
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana:
<br />That the Housing Authority of the City of South Bend, Indiana, is hereby authorized
<br />to enter into the Project and the Project is hereby approved.
<br />This resolution shall be in full force and effect from and after its passage by
<br />the Common Council and approval by the Mayor.
<br />s/ Roger 0. Parent
<br />Member of the Common Council
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