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REGULAR MEETING MARCH 12; 19
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />job because it was to be a new building, and he also indicated that Mr. Fagen had no objection to
<br />signing a waiver of annexation. Councilman Newburn asked about the product the firm manufactured,
<br />and Mr. Fedder indicated that the firm would be renting out space to manufacturers. Council
<br />President Nemeth asked where this building would be located, and Mr. Fedder indicated it would be
<br />in the area of 201 Dixie Way North.
<br />Councilman Taylor made a motion that the resolution be adopted, seconded by Councilman Kopczynski.
<br />The resolution passed by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 357 -73
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE
<br />CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA,
<br />IN THE MATTER OF MICHIANA BEVERAGES, INC., OF
<br />SOUTH BEND, INDIANA.
<br />WHEREAS, Michiana Beverages, Inc. of South Bend has submitted its intention to
<br />the Economic Development Commission of South Bend, to purchase real property, renovate
<br />and equip the existing facility and construct additional facilities located at 142 South
<br />Olive Street, within the City of South Bend, Indiana.
<br />WHEREAS, the Economic Development Commission, pursuant to the statute, has found
<br />by written resolution that there exists insufficient employment opportunities and that
<br />the economic welfare of the City of South Bend, Indiana, would be benefited and the
<br />purpose of the statute would be accomplished by the acquisition and leasing of the
<br />above described property to Michiana Beverages, Inc. of South Bend, Indiana, and
<br />WHEREAS, Michiana Beverages, Inc.of South Bend has submitted a statement of
<br />public service to the above Economic Development Commission of the City of South Bend
<br />and said Commission has forwarded this statement of public service with their approval
<br />and comments to the South Bend School Corporation, a copy of which is attached, and
<br />WHEREAS, the affirmative response and analysis of the South Bend School
<br />Corporation has been received as presented to the Clerk of the City of South Bend,
<br />and attached, and
<br />WHEREAS, the statement of public service by Michiana Beverages, Inc. of South
<br />Bend and the Economic Development Commission of the City of South Bend have been sub-
<br />mitted for approval and comments to the Area Plan Commission of St. Joseph County and
<br />the affirmative action and comments of the Area Plan Commission have been received by
<br />the Clerk of the City of South Bend, as attached, and
<br />WHEREAS, the requirements of the application as described in the "Municipal
<br />Economic Development Act of 1965 of the State of Indiana" as amended, have therefore
<br />been met to this point, including a projection of the number of jobs created, and the
<br />estimated payroll created and the approximation of the cost of the land and construction,
<br />and the impact on utilities and fire and police facilities of the City of South Bend
<br />with the approvals of the School Corporation and the Area Plan Commission have jurisdiction
<br />of the area in which the proposed facility is to be built, and
<br />WHEREAS, now the Michiana Beverages, Inc. of South Bend seeks approximately
<br />$300,000.00 from an issue of revenue bonds of the Economic Development Commission of
<br />the City of South Bend to be signed by the Mayor and by its City Clerk and further desires
<br />to enter into a lease of not more than 20 years duration to be known as a net net net
<br />lease sufficient to pay the principal and interest of these bonds and obtain title at
<br />the end of the lease, and
<br />WHEREAS, by virtue of the net net net lease, the Michiana Beverages, Inc. of
<br />South Bend indicates its intention to pay all expenses of the operation, maintenance,
<br />insurance, property taxes, whatever of the facility.
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend,
<br />Indiana, that the resolution and findings of the Economic Development Commission per-
<br />taining to this project be approved and incorporated in this resolution, and
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend,
<br />Indiana, that the statement of public service on the part of the Economic Development
<br />Commission, of the Area Plan Commission and of the South Bend School Corporation be
<br />accepted and approved, and
<br />THEREFORE, be it resolved that the South Bend City Common Council authorize
<br />the Economic Development Commission of the City of South Bend to proceed to make pre-
<br />liminary agreements with the proposed lessee, Michiana Beverages, Inc. of South Bend
<br />in the nature of a conditional commitment to enter into a lease with the Michiana
<br />Beverages, Inc. of South Bend, and
<br />THEREFORE, be it resolved that the Economic Development Commission of the City
<br />of South Bend shall, as soon as the new lease form is properly prepared, submit the same
<br />to the Clerk of the City of South Bend to be prepared by a member of the Common Council
<br />as a proposed ordinance for the acceptance of same, and issuance of revenue bonds to
<br />cover the amount of money needed.
<br />s/ Roger 0. Parent
<br />Member of Common Council
<br />A RESOLUTION SETTING FORTH THE NEED FOR
<br />ECONOMIC DEVELOPMENT
<br />Resolution No. 4 -73
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