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REGULAR MEETING JULY 24, 1972
<br />RESOLUTION NO. 318 -72 (CONTINUED)
<br />approximation of the cost of the construction, and the impact on utilities and fire and police
<br />facilities of the City of South Bend with the approvals of the school corporation and the Area
<br />Plan Commission having jurisdiction of the area in which the proposed facility is to be built,
<br />and
<br />WHEREAS, the plan meets the desire of the Redevelopment Commission of the City of South Bend, and
<br />WHEREAS, now the Petroleum Chemicals Company and /or Overhill Manufacturing Inc., and /or Mr. and
<br />Mrs.,Thomas R. Kinnucan seeks approximately $200,000.00 from an issue of revenue bonds of the
<br />Economic Development Commission of the City of South Bend to be signed by its Mayor and by its
<br />City Clerk and further desires to enter into a lease not to exceed 25 years duration to be known
<br />as a net net net least sufficient to pay the principal and interest of these bonds and obtain
<br />title at the end of the lease, and
<br />WHEREAS, by virtue of the net net net lease, the Petroleum Chemicals Company, and /or Overhill
<br />Manufacturing Inc. and /or Mr. and Mrs. Thomas Kinnucan indicates their intention to pay all
<br />expenses of the operation, maintenance, insurance, property taxes, whatever of the facility,
<br />THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend that the statement
<br />of public service on the part of the Economic Development Commission of the Area Plan Commission
<br />and the South Bend City School Corporation be accepted and approved, and
<br />THEREFORE, be it resolved that the South Bend City Common Council authorize the Economic Devel-
<br />opment Commission of the City of South Bend to proceed to make preliminary agreements with the
<br />proposed lessee, the Petroleum Chemicals Company and /or Overhill Manufacturing, Inc., and /or
<br />Mr. and Mrs. Thomas R. Kinnucan, in the nature of a conditional commitment to enter into a lease
<br />with the Petroleum Chemicals Company and /or Overhill Manufacturing, Inc., and /or Mr. and Mrs.
<br />Thomas R. Kinnucan, and
<br />THEREFORE, be it resolved that the Economic Development Commission of the City of South Bend
<br />shall, as soon as the new lease form is properly prepared, submit the same to the Clerk of the
<br />City of South Bend to be prepared by a member of the Common Council as a proposed ordinance for
<br />the acceptance of same and issuance of revenue bonds to cover the amount of money needed.
<br />/s/ Peter J. Nemeth
<br />President, South Bend Common Council
<br />A public hearing was held on this resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />Economic Development Commission, said that this resolution refers to a project which will be in
<br />the Model Cities area. One of the three individuals mentioned in the resolution will be the
<br />lessee and plans are to purchase and rehabilitate a property for business purposes which will
<br />employ from 15 to 40 people. Councilman Kopczynski asked what the product would be. Mr. Karl
<br />King, Director of the Economic Development Commission, said that this is not known yet but the
<br />company makes portable air compressors, automotive lubricants, etc. Councilman Szymkowiak moved
<br />that the resolution be adopted. Councilman Taylor seconded the motion and the resolution was
<br />adopted by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor,
<br />Kopczynski, Horvath, Newburn and Nemeth).
<br />ORDINANCES, FIRST AND SECOND READING
<br />ORDINANCE AN ORDINANCE AMENDING AND SUPPLEMENTING ORDINANCE
<br />NO. 4990 -68, CHAPTER 40 OF THE MUNICIPAL CODE OF
<br />THE CITY OF SOUTH BEND, INDIANA, FORMERLY REFERRED TO
<br />AS Zoning Ordinance No. 3702, as amended.
<br />(Central Downtown Area A)
<br />This Ordinance had first reading by title and second reading in full. Councilman Parent moved
<br />that the ordinance be referred to the Area Plan Commission for their recommendation. Councilman
<br />Taylor seconded the motion and it was carried.
<br />ORDINANCE AN ORDINANCE AMENDING AND SUPPLEMENTING ORDINANCE
<br />NO. 4990 -68 CHAPTER 40 OF THE MUNICIPAL CODE OF THE
<br />CITY OF SOUTH BEND, INDIANA FORMERLY REFERRED TO AS
<br />ZONING ORDINANCE NO. 3702 AS AMENDED. (Central
<br />Downtown Area B)
<br />This Ordinance had first reading by title and second reading in full. Councilman Parent made a
<br />motion that the ordinance be referred to the Area Plan Commission for their recommendation.
<br />Councilman Taylor seconded the motion and it was carried.
<br />ORDINANCE AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE
<br />AND TRUST INDENTURE AND THE ISSUANCE OF ECONOMIC
<br />DEVELOPMENT REVENUE BONDS PERTAINING TO GENTNER
<br />PACKING CO., INC.
<br />This Ordinance had first reading by title and second reading in full. Councilman Kopczynski made
<br />a motion that the ordinance be set for public hearing on August 14, 1972, seconded by Councilman
<br />Newburn and carried.
<br />ORDINANCE AN ORDINANCE AMENDING THE REFUSE ORDINANCE OF THE
<br />CITY OF SOUTH BEND, INDIANA.
<br />This Ordinance had first reading. Councilman Parent moved that the second reading of the
<br />ordinance be held on July 31, 1972 and the public hearing on August 14, 1972, seconded by
<br />Councilman Newburn and carried.
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