03-12-79 Council Meeting Minutes

Home Browse Search

REGULAR MEETING REGULAR MEETING RECONVENED (CONTINUED MARCH 12, 1979 NOW, THEREFORE, BE IT RESOLVED, that the South Bend Common Council approve the application of H.T.W. Partnership relating to the expansion of such Economic Development Facilities under an arrangement whereby the costs of such expansion would be paid from the proceeds of Industrial Development Bonds to be issued by the City of South Bend, Indiana, for an amount not exceeding One Hundred Fifty Thousand Dollars (150,000.00), repayable with interest thereon over a period of time and with a maturity date which does not extend beyond fifteen (15) years after the issue date; and BE IT FURTHER RESOLVED, that in order to encourage, induce and solicit such application by H.T.W. Partnership for such industrial development bond issue, the South Bend Common Council shall pro- ceed to cooperate with and take such action as may be necessary in the drafting of documents or the performance of such other acts as will facilitate the issuance of such Industrial Develop- ment Bonds by the City of South BEnd, Indiana, to provide funds to be used toward the payment of the costs for the expansion of such Economic Development Facilities; and BE IT FURTHER RESOLVED, that any costs or expenses incurred in connection with said H.T.W. Partnership Project shall be included in the project costs and reimbursed from the proceeds of the Industrial tevelopment Bonds to be issued with respect thereto; and BE IT FURTHER RESOLVED, that the liability and obligation of the South Bend Economic Development Commission and the City of South Bend, Indiana, shall be limited solely to the good faith efforts to consummate such proceedings and issue such bonds, and neither the South Bend Economic Commission nor the City of South Bend, Indiana, or its officers or agents, shall incur any liability if for any reason the proposed issuance of such Bonds is not consummated. /s /Walter M. Szymkowiak Member of the Common Council A public hearing was held on the resolution at this time. Mr. Rick Morgan, attorney, said this supplemental bond issue was to allow for expansion of the office area and miscellaneous con- struction overruns. He indicated that the additional money would also create additional employ- ment. Council Member Horvath made a moiton to adopt this resolution, seconded by Council Member Miller. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING BILL NO. 32 -79 A BILL APPROPRIATING $288,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND FOR THE ACQUISITION OF CERTAIN REAL ESTATE, TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DIVISION OF COMMUNITY DEVELOPMENT AND THE BOARD OF PUBLIC WORKS. This bill had first reading. Council Member Miller made a motion to set this bill for public hearing and second reading March 26, 1979, seconded by Council Member Taylor._ The motion carried. BILL NO. 33 -79 A BILL APPROVING THE FORM AND TERMS OF LEASE, MORTGAGE AND TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO V. ROBERT HEPLER. This bill had first reading. Council Member Serge made a motion to set this bill for public hearing and second reading March 26, 1979, seconded by Council Member Taylor. The motion car- ried. ORDINANCE NO. 6567 -79 AN ORDINANCE APPROVING THE FORM AND TERMS OF LOAN AGREEMENT, MORTGAGE AND TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF PER- TAINING TO VAN E. GATES. This bill had first reading. Council Member Taylor made a motion to suspend the rules and have public hearing and second reading on this bill, seconded by Council Member Kopczynski. The motion carried on.a roll call vote of nine ayes. This being the time heretofore set for public hearing, proponents and opponents were given an opportunity to be heard. Mr. Rick Morgan, attorney, made the presentation for the bill. He indicated this $1,500,000 bond issue was for the acquisition of real estate and facilities at the corner of Lafayette and Western Avenue (the Sears Building). He said the facility will initially employ, approximately twenty people with an estimated payroll of approximately $360,000. Mr. Van Gates, 1449 Garland, indicated this business had grown in the last three or four years. He indicated that the first floor and the basement would be display space. He said they would maintain their present facility for a service and parts center. Council Member Taylor made a motion to pass this bill, seconded by Council Member Miller. The bill passed by a roll call vote of nine ayes. BILL NO. 35 -79 A BILL APPROPRIATING $325,000.00 FROM GRANT, COMMONLY REFERRED TO AS GENERA THE DESIGN AND CONSTRUCTION OF A FIRE IN THE AREA OF THE AIRPORT INDUSTRIAL BY THE CITY OF SOUTH BEND THROUGH ITS WORKS. THE FEDERAL ASSISTANCE L REVENUE SHARING, FOR STATION TO BE LOCATED PARK, TO BE ADMINISTERED DEPARTMENT OF PUBLIC This bill had first reading. Council Member Serge made hearing and second reading March 26, 1979, seconded by BILL NO. 36 -79 a motion to set this bill for public Council Member Taylor. The motion carried A BILL APPROPRIATING $70,000.00 FROM THE LOCAL ROAD AND STREET FUND, AND $69,500.00 FROM THE CUMULATIVE SEWER BUILDING AND SINKING FUND TO PROJECT R &S 7902, MONROE, MAIN TO LAFAYETTE WITHIN THE LOCAL ROAD AND STREET FUND. This bill had first reading. Council Member Adams made a motion to set this bill for public hearing and second reading March 26, 1979, seconded by Council Member Taylor. The motion carrie