05-12-80 Council Meeting Minutes

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REGULAR MEETING MAY 12, 1980 RESOLUTIONS RESOLUTION NO. 780 -80 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING THE BOARD OF PUBLIC WORKS TO NEGOTITATE THE SALE OF LOT NUMBERED SEVENTY -ONE (71) AS SHOWN ON THE RECORDED PLAT OF INDIANA AVENUE ADDITION TO THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1511 S. MARIETTA WHEREAS, the Board of Public Works of the City of South Bend, pursuant to the Municipal Code of the City of South Bend, Chapter 14.5 has offered for sale Lot Numbered Seventy -One (71) as shown on the recorded plat of Indiana Avenue Addition to the City of South Bend, commonly known as 1511 S. Marietta, at an offering price of $995.00 and WHEREAS, the Board of Public Works of the City of South Bend has received an offer to purchase the property at 1511 S. Marietta for a price of $200.00; and WHEREAS, the Board of Public Works has now complied with all requirements of the Municipal Code of the City of South Bend, Chapter 14.5, which establishes procedures for the disposition of real property owned by the City of South Bend, and more specifically real property valued by the Board at less than $1,000.00. of NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend that: SECTION I. The Board of Public Works be authorized to negotiate a contract for the sale Lot Numbered Seventy -one (71) as shown on the recored plat of Indiana Avenue Addition to the City of South Bend, commonly known as 1511 S. Marietta for a total price of $200.00. SECTION II. This resolution shall be in full force and effect from and afters its adoption by the Common Council and approval by the Mayor. /s/ Lewis A. McGann Member of the Common Council A public hearing was held on the resolution at this time. Mr. Joseph Kernan, City Controller, indicated that the Council had authorized the sale of this property, however, the property was appraised at $995 and the offer to purchase was $200, therefore, it was necessary to come back to the Council for approval of this sale. He said this property contained a sub- standard structure which the City would have to demolish, however the people purchasing this property were going to renovate the structure. Council Member Serge made a motion to adopt this resolution, seconded by Council Member Szymkowiak. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING Council Member Crone made a motion to amend the title of Bill No. 47 -80 to read: An Ordinance approving the form and terms of First Supplemental Loan Agreement, First Supplemental Trust Indenture, First Supplemental Mortage and Security Agreement, Economic Development Bonds for principal amount of $3,000,000.00, assignment, elections, authorizing execution thereof and approving South Bend Economic Development Resolution No. 4 -80 for South Bend Forge, Inc., Project, seconded by Council Member Taylor. The.motion carried. BILL NO. 47 -80 A BILL APPROVING THE FORM AND TERMS OF FIRST SUPPLEMENTAL LOAN AG REEMENZ' FIRST SUP13�M TTAL TRUST . INDEN` - , E,' F1=R'ST SUPPLEMENTAL LOAN AGREEMENT`; FIRSfi ~SU ?LEMENTAL PORTGAGE AND SECURITY AGREEMENT, ECONOMIQ,DEVELOPUENT BONDS.FOR__PRINCIPAL AMOUNT OF $3,000;000.00, ASS- IGNMI�-NT, ELECTIO�S<;— HORIZING- EXECUTION THEREOF-AND APPROVING SOUTH BEND ECONOMIC DEVELOPMENT RESOLUTION NO. 4 -80 FOR SOUTH BEND FORGE, INC. This bill had first reading. Council Member Taylor made a motion to set this bill for public hearing and second reading May 27, 1980, seconded by CouncilMember Dombrowski. The motion carried. BILL NO. 48 -80 A BILL APPROVING THE FORM AND TERMS OF TRUST INDENTURE AND USER AGREEMENT, REAL ESTATE MORTGAGE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF AND APPROVING RESOLUTION NO. 13 -80 OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMSSION RELATING TO THE L. L. JOHNSON LUMBER MFG. CO. PROJECT. This bill had first reading. Council Member Taylor made a motion to set this bill for public hearing and second reading May 27, 1980, seconded by Council Member Dombrowski. The motion carried. BILL NO. 49 -80 A BILL APPROVING THE FORM AND TERMS OF LOAN AGREEMENT, AND TRUST INDENTURE, INDUSTRIAL DEVELOPMENT REVENUE BOND, AND AUTHORIZING THE EXECUTION THEREOF AND APPROVING RESOLUTION NO. 11 -80 OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION RELATING TO THE MASTERBILT, INC., PROJECT. This bill had first reading. Council Member Taylor made a motion to set this bill for public hearing and second reading May 27, 1980, seconded by Council Member Dombrowski. The motion carried.