11-25-74 Council Meeting Minutes

Home Browse Search

REGULAR MEETING NOVEMBER 25 1974 REGULAR MEETING - RECONVENED (CONTINUED) RESOLUTION NO. 455 -74 (CONTINUED) WHEREAS, Simon Bros., Incorporated, has filed an application with the Commission to finance the acquisition of real estate and the construction thereon of an industrial and commercial building (facilities) which will constitute economic development facilities resulting in.a substantial number of new jobs as well as other benefits; and WHEREAS, in connection therewith the Commission had prepared and placed on file a report containing the subject matter as specified in Section 16 of IC 1973, 18 -6 -4.5 and has forwarded copies thereof to the Chairman of the Area Plan Commission and to the Superintendent of the School Corporation in the area of which the facilities will be located, and has timely received favorable reports from each of them; and WHEREAS, the Commission held a public hearing on the proposed financing for such facilities on October 25, 1974, after giving the required notice as provided for in Section 17 of IC 1973, 18- 6 -4.5; and WHEREAS, the Commission at such meeting by a duly adopted written resolution, incorporated herein by reference, found that the proposed financing complies with the purposes and provisions of the Act, and approved such financing, including, but not limited to the forms and terms of the financing agreement consisting of the Lease and Trust Indenture and the Bonds; and WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that the proposed financing of such facilities for Simon Bros., Incorporated, will be of benefit to the health or welfare of the City of South Bend, Indiana, and that, accordingly this resolution should be adopted. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, that: Section 1. Such financing for Simon Bros., Incorporated, an Indiana corporation, under the Act be and the same is hereby approved. Section 2. This resolution shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. s/ Peter J. Nemeth Councilman A public hearing was held at this time on the resolution. Mr. Kenneth Fedder, Attorney for the South Bend Development Commission, indicated that, on October 25, the commission had met and approved the application because it was determined to be in compliance with the purposes and provisions of the statutes. He indicated that the amount of the bond issue was $200,000 and would enable construction of an addition to the existing facility on Bendix Drive. He stated that there would be no impact on the school system or police and fire services, and that increased tax base and employment would be realized. Councilman Szymkowiak made a motion that the resolution be adopted, seconded by Councilman Newburn The resolution was adopted by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth). RESOLUTION A RESOLUTION AUTHORIZING THE CREDITING OF CITY EMPLOYEES WHO ARE COVERED BY THE P.E.R.F. PENSION FUND, FOR PRIOR YEARS OF SERVICE WORKED AS ST. JOSEPH COUNTY GOVERNMENTAL EMPLOYEES. A public hearing was held at this time on the resolution. Mr. James Roemer, City Attorney, explained that the resolution was being introduced concurrently with the county because of years of service with both governmental institutions, and the desire to credit those persons with total years of service. He indicated that, in the past, persons were taken on individual basis, and it was requested that a policy be set up regarding this issue. He indicated that P.E.R.F, also recommended that such a resolution be adopted. He stated that the cost to the city and county would be "negligible" according to a representative of P.E.R.F. Mr. Gene Evans, Executive Secretary of the Civic Planning Association, wondered about the possibility of employing Mishawaka employees. Mr. Roemer felt that, if another governmental entity was to be included, the Council would have to approve the matter. He indicated that he was not aware of any of these situations between the City of South Bend and Mishawaka. Councilman Miller indicated that he was vague on the P.E.R.F. concept. He wondered if the employee would have to have been a member and participated in the fund at one time. Mr. Roemer indicated that the employee would have had to contribute-:.or-participate; and that the resolution merely assured the employees that they would not lose any years of credited service. Councilman Miller wondered if service years would be contributory years. Council President Nemeth felt that employees could be credited with years of service even though they chose' "not to participate in the program, according to the wording of the resolution. Mr. Roemer felt Council President Nemeth's point was important. He asked that the resolution be continued so that further consideration could be given to the matter. He felt that perhaps a new resolution could be submitted. Councilman Newburn made a motion to continue the resolution to the December 16, 1974, meeting of the Council, seconded by Councilman Parent. The motion carried. ORDINANCES, FIRST READING ORDINANCE NO. 5773 -74 AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND TRUST INDENTURE AND (continued)