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REGULAR MEETING RECONVENED (CONTINUED
<br />ORDINANCE NO. 6679 -79 AN ORDINANCE AUTHORIZING THE PROVIDING FOR THE FINANCING AND
<br />EQUIPPING OF AN "ECONOMIC DEVELOPMENT FACILITY" AUTHORIZING
<br />THE ISSUANCE OF NOT TO EXCEED $5,000.00 ECONOMIC DEVELOPMENT
<br />REVENUE BONDS, 1979 SERIES B (BRETHREN CARE OF SOUTH BEND,
<br />INC., PROJECT) TO FINANCE THE BALANCE OF THE COSTS OF THE
<br />ECONOMIC DEVELOPMENT FACILITY "; APPROVING OF AND AUTHORIZING
<br />THE TERMS OF SAID BONDS; AUTHORIZING THE EXECUTION AND
<br />DELIVERY OF A SECURITY AGREEMENT AND A TRUST INDENTURE
<br />SECURING SAID BONDS; AUTHORIZING THE ASSIGNMENT OF A PROMIS-
<br />SORY NOTE, 1979 SERIES B APPROVING THE EXECUTION AND DIS-
<br />TRIBUTION OF PRELIMINARY AND FINAL OFFICIAL STATEMENTS
<br />DESCRIBING SAID BONDS; APPROVING THE EXECUTION OF A BOND
<br />PURCHASE AGREEMENT AND CONFIRMING THE SALE OF SAID BONDS
<br />PURSUANT TO THE TERMS THEREOF; AND APPROVING OTHER MATTERS
<br />PERTAINING THERETO.
<br />This bill had first reading. Council Member Taylor made a motion to suspend the rules and have
<br />public hearing and second reading on this bill, seconded by Council Member Dombrowski. The
<br />motion carried on a roll call vote of nine ayes. Mr. Richard Mintz, attorney representing
<br />Brethren Care, made the presentation for the bill. He indicated this bill authorized the
<br />issuance of up to $5 million of economic development bonds. He indicated that only $8,000,000
<br />of the total project costs were financed initially, due to market conditions existing at that
<br />time. He said this $5,000,000 bond issue will complete construction of the project. Council
<br />Member Dombrowski made a motion to pass this bill, seconded by Council Member Adams. The bill
<br />passed by a roll call vote of nine ayes.
<br />ORDINANCE NO. 6680 -79 AN ORDINANCE APPROVING THE FORM AND TERMS OF LOAN AGREEMENT,
<br />TRUST INDENTURE, REAL ESTATE MORTAGE AND INDUSTRIAL DEVELOP -
<br />MENT REVENUE BONDS, AND AUTHORIZING,THE EXECUTION THEREOF,
<br />AND APPROVING RESOLUTION NO. 34 -79 OF THE SOUTH BEND ECONOMIC
<br />DEVELOPMENT COMMISSION RELATING TO SOUTH BEND TOOL AND DIE,
<br />INC., AN INDIANA CORPORATION PROJECT.
<br />This bill had first reading. Council Member Taylor made a motion to suspend the rules and
<br />have public hearing and second reading on this bill, seconded by Council Member Adams. The
<br />motion carried on a roll call vote of nine ayes. This being the time heretofore set for public
<br />hearing on the above bill, proponents and opponents were given an opportunity to be heard.
<br />Mr. Kenneth Fedder, attorney for the Economic Development Commission, made the presentation
<br />for the bill. He indicated this $600,000 issue was to acquire real estate and construct a
<br />building at Sample and High streets, which will be leased to South Bend Fabricating, a wholly
<br />owned subsidiary. He indicated it was estimated that five new jobs will be created. Council
<br />Member Kopczynski made a motion to pass this ordinance, seconded by Council Member Taylor.
<br />The ordinance was passed by a roll call vote of nine ayes.
<br />BILL NO. 157 -79
<br />A BILL AMENDING ORDINANCE NO. 4990 -68, AS AMENDED, COMMONLY KNOWN
<br />AS THE ZONING ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA (CHAPTER
<br />21, MUNICIPAL CODE) (EDISON ROAD AND STATE ROAD 23.)
<br />This bill had first reading. Council Member Adams made a motion to refer this bill to Area
<br />Plan, seconded by Council Member Dombrowski. The motion carried.
<br />BILL NO. 158 -79
<br />A BILL AMENDING ORDINANCE NO. 4990 -68, AS AMENDED, COMMONLY KNOWN
<br />AS THE ZONING ORDINANCE OF THE CITY OF SOUTH BEND,INDIANA (CHAPTER
<br />21, MUNICIPAL CODE) (NORTHEAST CORNER OF PLEASANT AND IRONWOOD.)
<br />This bill had first reading. Council Member Adams made a motion to refer this bill to Area
<br />Plan, seconded by Council Member Dombrowski. The motion carried.
<br />BILL NO. 159 -79 A BILL AMENDING ORDINANCE NO. 6615 -79, COMMONLY KNOWN AS THE CITY
<br />OF SOUTH BEND'S SALARY ORDINANCE, WHICH FIXED MAXIMUM SALARIES AND
<br />WAGES OF APPOINTED OFFICERS AND EMPLOYEES OF THE CITY OF SOUTH BEND,
<br />INDIANA, FOR THE YEAR 1980.
<br />This bill had first reading. Council Member Kopczynski made a motion to set this bill for
<br />public hearing and second reading December 3, 1979, seconded by Council Member Dombrowski. The
<br />motion carried.
<br />BILL NO. 160 -79
<br />A BILL APPROPRIATING $25,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK
<br />GRANT FUND FOR THE ACQUISITION OF CERTAIN REAL ESTATE TO BE ADMINISTERED
<br />BY THE CITY OF SOUTH BEND THROUGH ITS DIVISION OF COMMUNITY DEVELOPMENT
<br />AND THE YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF ST. JOSEPH COUNTY.
<br />This bill had first
<br />hearing and second
<br />carried.
<br />BILL NO. 161 -79
<br />reading. Council Member Serge made a motion to set this bill for public
<br />reading December 3, 1979, seconded by Council Member Dombrowski. The motion
<br />A BILL TRANSFERRING $100.00 AMONG VARIOUS ACCOUNTS, ALL ACCOUNTS
<br />BEING WITHIN THE CITY CLERK'S BUDGET OF THE CITY OF SOUTH BEND,
<br />INDIANA.
<br />This bill had first reading. City Clerk, Irene Gammon, indicated there had been a problem
<br />her travel budget, but this has been cleared up and this transfer was no longer necessary.
<br />Council Member Taylor made a motion to strike this bill, seconded by Council Member Miller.
<br />motion carried.
<br />with
<br />The
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