10-08-79 Council Meeting Minutes

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REGULAR MEETING OCTOBER 8, 1979 REGULAR MEETING RECONVENED (CONTINUED RESOLUTIONS RESOLUTION NO. 724 -79 A RESOLUTION TRANSFERRING $15,500.00 FROM ACCOUNT 110.0, SALARIES & WAGES, REGULAR TO ACCOUNT 120.0, SALARIES & WAGES, TEMPORARY. ALL ACCOUNTS BEING WITHIN THE SAME MAJOR CLASSIFICATION OF THE DEPARTMENT OF PUBLIC PARKS BUDGET. STATEMENT OF PURPOSE AND INTENT: WHEREAS, certain extraordinary conditions have developed since the adoption of the existing budget, so that it is now necessary to appropriate more money than was originally appropriated in the budget for the various functions of the Department of Public Parks to meeting such extra- ordinary conditions, and WHEREAS, additional funds are needed for account 120.0, Salaries & wages Temporary, to enable the Department of Public Parks to properly perform its functions; and WHEREAS, a surplus exists in another account where it is not presently needed. This surplus is shown more specifically as follows, to -wit: $15,500 in Account 110.0, Salaries & Wages, Regular NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend: Section I: That account 110.0, Salaries & Wages, Regular, be reduced by $15,500.00, and of this $15,500.00 be appropriated and transferred to 112.0, Salaries & Wages, Temporary. Section II: This resolution shall be in full force and effect from and after its passage by the Common Council and its approval by the Mayor. /s /Joseph T. Serge Member of the Common Council A public hearing was held on the resolution at this time. Mr. James Seitz, Superintendent of Public Parks, indicated that there was a surplus in account 110.0 because the Park Board has not been able to fill the zoo director position at the salary established in the 1979 budget. He said a shortage exists in account 120.0 because of severe reductions made during the 1979 budget review. Council Member Szymkowiak made a motion to adopt this resolution, seconded by Council Member Dombrowski. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 725 -79 A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT BETWEEN THE CITY OF SOUTH BEND, INDIANA, AND RIVER GLEN OFFICE PLAZA ASSOCIATES, AN INDIANA GENERAL PARTNERSHIP, PROVIDING FOR THE ISSUANCE BY SAID CITY OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS PURSUANT TO THE PROVISIONS OF INDIANA CODE, TITLE 18, ARTICLE 6, CHAPTER 4.5, AS AMENDED. The area still has insufficient employment opportunities and insufficient diversifications of industries, which conditions are harmful to the economic stablity and general welfare of the area and, if not remedied, will be detrimental to the development of such area. The City of South Bend (the "City ") is authorized under the provisions of Indiana Code, Title 18, Article 6, Chapter 4.5, as amended (the "Act "), to acquire, construct and finance economic development projects for the users thereof and to provide for the issuance of revenue bonds in conjunction therewith. The City, in order to implement the public purposes enumerated in the Act and in further- ance thereof to induce River Glen Office Plaza Associates, an Indiana general partnership (the "Developer ") to purchase land and construct and equip an office building (hereinafter collectively called the "Project ") within the limits of the City, has indicated its intent to issue its revenue bonds under and pursuant to the provisions of the Act and to apply the pro- ceeds therefrom to the payment of the costs of the Project. The Developer, after considering a number of possible locations within and outside of the State of Indiana, and in reliance upon the intent of the City to finance the Project through the issuance of revenue bonds under the provisions of the Act, has determined to construct the Project within the limits of the City. It is now deemed advisable to authorize the execution and delivery by the City of a Memborandum of Intent expressing formally and in writing the understanding heretofore formally agreed upon by the City and the Developer. NOW, THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, as follows: Section I. The Mayor is hereby authorized and directed to execute a Memorandum of Intent by and between the City and the Developer and the City Clerk is hereby authorized and directed to affix the seal of the City therereto and to attest the same; and said Mayor and City Clerk are hereby authorized and directed to cause said Memorandum of Intent to be delivered to, accepted and executed by the Developer, said Memorandum of Intent, which is hereby approved and incorporated by reference and made a part of this authorizing resolution, to be in sub- stantially the form attached hereto.