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REGULAR MEETING RECONVENED (CONTINUED
<br />WHEREAS, Niles Avenue Partnership will be a
<br />formed to engage in the trade or business of acq
<br />ment and development of unimproved or improved r
<br />chaser of land located on Jefferson Boulevard an
<br />Indiana, and desires to restore, rehabilitate an
<br />located thereon for mixed retail and /or office a
<br />Thousand (21,000) square feet and to lease said a
<br />which project is anticipated to create Twenty -fi
<br />SEPTEMBER 24, 1979
<br />Indiana Limited Partnership which will be
<br />ring of real estate and holding for invest-
<br />1 'estate and it presently the intended pur-
<br />Niles Avenue in the City of South Bend,
<br />develop the present commercial buildings
<br />as containing approximately Twenty -one
<br />as to commercial enterprises and tenants,
<br />(25) new jobs; and
<br />WHEREAS, to induce Niles Avenue Partnership,) or its assigns, to become the principal user
<br />of such economic development facilities, the Common Council of the City of South Bend desires
<br />to adopt this resolution; and
<br />WHEREAS, it is apparent that the development of the "NILES AVENUE PARTNERSHIP PROJECT
<br />will increase job opportunities and commercial diversification in South Bend, Indiana, re-
<br />sulting in a benefit to the welfare of the public in the City of South Bend, Indiana, and in
<br />St. Joseph County, Indiana.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana,
<br />as follows:
<br />Section 1. That approval is hereby given to the application of Niles Avenue Partnership,
<br />or its assigns, relating to the purchase of land and the restoration, rehabilitation and de-
<br />velopment of such economic development facilities under an arrangement whereby the cost of such
<br />land, restoration, rehabilitation and development would be paid from the proceeds of the
<br />Industrial Revenue Bonds to be issued by the City of South Bend, Indiana, for an amount not
<br />exceeding Seven Hundred Fifty Thousand ($750,000.00) Dollars, repayable with interest thereon
<br />over a period of time and with a maturity date which does not exceed beyond Twenty (20) Years
<br />after the issue date.
<br />Section 2. In order to encourage, induce and solicit such application by Niles Avenue
<br />Partnership forl.,such Industrial Revenue Bond issue relating to the land purchase, restoration,
<br />rehabilitation and development of such economic development facilities, the South Bend
<br />Economic Development Commission on behalf of the City of South Bend, shall proceed to cooperate
<br />with and take such action as may be necessary in the approval and drafting of documents or the
<br />performing of such other acts as will facilitate the issuance of such Industrial Revenue bonds
<br />by the City of South Bend to provide funds to be used in the land purchase and restoration,
<br />rehabilitation and development of such economic development facilities.
<br />Section 3. Any costs or expenses incurred in connection with said "NILES AVENUE PARTNER-
<br />SHIP PROJECT: shall be included in the project costs and reimbursed from the proceeds of the
<br />Industrial Revenue Bonds to be issued with respect thereto.
<br />Section 4. This resolution shall be in full force and effect from and after its passage
<br />by the Common Council of the City of South Bend and approved by the Mayor.
<br />/s /Walter M. Szymkowiak
<br />Member of the Common Council
<br />A public hearing was held on.the resolution at this time. Mr. Kenneth Fedder, attorney for
<br />the Economic Development Commission, introduced Mr. James Cook, a partner in the project.
<br />Mr. Cook indicated they intended to purchase land located on Jefferson Boulevard and Niles
<br />Avenue, to restore, rehabilitate and develop the present commercial buildings for mixed
<br />retail and /or office areas. Mayor Nemeth commended Mr. Cook and his group for undertaking
<br />this project. Council Memer Adams made a motion to adopt this resolution, seconded by
<br />Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes.
<br />BILLS, FIRST READING
<br />BILL NO. 114 -79
<br />A BILL AMENDING CHAPTER 20, article 8, COMMONLY KNOWN AS TRUCK
<br />ROUTES BY AMENDING SECTION 20- 109 TO INCLUDE DELIVERY AND UN-
<br />LOADING EXCEPTIONS, PARKING PROHIBITIONS, AND PENALTIES.
<br />This bill had first reading. Council Member Adams made a motion to set this bill for pbulic
<br />hearing and second reading October 8, 1979, seconded by Council Member Dombrowski. The motion
<br />carried.
<br />BILL NO. 115 -79 A BILL APPROVING MONEYS FOR THE PURPOSE OF DEFRAYING THE CETA
<br />ADMINISTRATIVE COST EXPENSES OF THE BUREAU OF EMPLOYMENT AND
<br />TRAINING FOR THE FISCAL PERIOD BEGINNING OCTOBER 1, 1979 AND
<br />ENDING SEPTEMBER 30, 1980, INCLUDING ALL OUTSTANDING CLAIMS
<br />AND OBLIGATIONS AND FIXING A TIME WHEN THE SAME SHALL TAKE
<br />EFFECT.
<br />This bill had first reading. Council Member Adams made a motion to set this bill for public
<br />hearing and second reading October 8, 1979, seconded by Council Member Dombrowski. The motion
<br />carried.
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