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REGULAR MEETING AP IIL1_4, 1980 <br />REGULAR MEETING RECONVENED (CONTINUED <br />BE IT FURTHER RESOLVED, that any costs or expenses incurred in connection with the <br />Thomas and Jane Kinnucan Project shall be included in the project costs and reimbursed <br />from the proceeds of the Economic Development Revneue Bonds to be issued with respect <br />thereto; and <br />BE IT FURTHER RESOLVED, that the liability and obligation of South Bend Economic Develop- <br />ment Commission and the City of South Bend, Indiana, shall be limited solely to the good faith <br />efforts to consummate such proceedings and issue such Bonds, and neither the South Bend Economic <br />Development Commission nor the City of South Bend, Indiana, or its officers or agents, shall <br />incur any liability if for any reason the proposed issuance of such Bonds is not consummated. <br />This Inducement Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />/s /Lewis A. McGann <br />Member of the Common Council <br />A public hearing was held on the resoltuion at this <br />the Economic Development Commission, indicated this <br />bond issue. He indicated this was for expansion of <br />new jobs will be created by this expansion. Counci <br />this resolution, seconded by Council Member Taylor. <br />vote of nine ayes. <br />RESOLUTION NO. 772 -80 <br />time. Mr. Kenneth Fedder, attorney for <br />inducement resolution was for a $300,000 <br />their facilities. He said eight to ten <br />1 Member Szymkowiak made a motion to adopt <br />The resolution was adopted by a roll call <br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, RECOMMENDING THAT THE BOARD OF SCHOOL TRUSTEES OF THE <br />SOUTH BEND COMMUNITY SCHOOL CORPORATION GIVE GREATER NOTIFICATION <br />TO THE PUBLIC OFFICIALS WHEN SEEKING OPTIONS TO PURCHASE SHCOOL <br />CORPORATION PROPERTY. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, recognizes that the Board <br />of School Trustees of the South Bend Community School Corporation is charged with the res- <br />ponsibility of determining the most fiscally sound-use of its properties, and <br />WHEREAS, the Council realizes that the Board is faced with problems of declining enroll- <br />ment and shrinking budgets; and <br />WHEREAS, the Council believes that the decision to sell any unnecessary or surplus shcool <br />corporation property is a decision which affects not only the immediate and surrounding neigh- <br />borhood, but the community at large; and <br />WHEREAS, the recent Board meetings held on the possible sale of the Central Career Center <br />and a multi -acre vacant lot across from Nuner School demonstrate the need for more notification <br />to the public and public officials, and for more input from these groups. <br />NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as <br />follows: <br />SECTION I. That the Common Council of the City of South Bend, Indiana, recommends that <br />the Board of School Trustees of the South Bend Community School Corporation give reasonably <br />written notice to the public and elected public officials in the City of meetings called for <br />the purpose of selling unnecessary or surplus school corporation property. <br />SECTION II. That since the sale of school corporation property affects not only the <br />immediate neighborhood but also the City at large, that the best interests of the City would <br />be best served by greater notification and more public input. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />/s /Beverlie J. Beck <br />Member of the Common Council <br />A public hearing was held on the resolut.ion at this time. Council Member Beck indicated this <br />resolution was offered not to challenge the School Corporation right to dispose of property, <br />but to encourage them to give notice to the public and encourage public input on what use will <br />be made of the land. Mr. Miles Hoffman, 712 Forrest, spoke in favor of this resolution. <br />Council Member Dombrowski made a motion to adopt this resolution, seconded by Council Member <br />Szymkowiak. The resolution was adopted by a roll call vote of eight ayes and one nay (Council <br />Member Taylor.) <br />RESOLUTION NO. 773 -80 <br />AN INDUCEMENT RESOLUTION OF SOUTH BEND COMMON COUNCIL <br />RELATING TO MASTERBILT, INCORPORATED MACHINERY ACQUISITION <br />PROJECT. <br />WHEREAS, the South Bend Common Council heretofore investigated, studied, surveyed and <br />reported to the Mayor of the City of South Bend, Indiana, that a need exists in the community <br />for additional job opportunities and commercial, light industrial and industrial diversification <br />within the City of South Bend, Indiana; and in accordance with such investigation and to provide <br />improvement of job opportunities and diversification within the City of South Bend, Indiana, a <br />financing agreement should be effected with Masterbilt, Incorporated relating to a project to <br />be known as "A Machinery Acquisition Project "; and <br />WHEREAS, Masterbilt, Incorporated is established in the light industrial trade or business <br />of contract machining and is the owner of a machine shop for such purpose at 325 South Walnut <br />Street, South Bend, Indiana, on which site it has recently erected additional facilities and <br />buildings to expand its operation consisting of approximately a total of ten thousand (10,000) <br />square feet, and funds are required for the acquisition of a "Cyclone CNC Turning Center," which <br />is a sophisticated piece of machinery to be acquired from the manufacturer of such marchinery, <br />South Bend Lathe Works, of South Bend, Indiana. <br />