|
REGULAR MEETING APRIL 9 1973
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />Section 2. This resolution shall be in full force and effect from and after
<br />its adoption by the Common Council of the City of South Bend and approval by the
<br />Mayor.
<br />s/ Odell Newburn
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Councilman Horvath felt that such a
<br />resolution was premature at this time because $17,000 had recently been appropriated out of
<br />revenue sharing funds for a survey to be conducted within the Fire Department. He made a motion
<br />that the resolution be tabled, seconded by Councilman Parent. Councilman Newburn felt the Council
<br />had been laying items on the table too long and he could see no reason to delay action on the
<br />resolution when the need was present. He indicated that the efficiency of all the departments
<br />hopefully would be improved, and he felt that by delaying, the Council was preventing the city
<br />from moving on. He also felt the 56 -hour work week would be a great move towards an efficient
<br />department as there is a shortage on the department. By the establishment of three work shifts,
<br />there would be additional manpower working every hour of the day. Councilman Horvath questioned
<br />whether or not debate was allowed on a matter that was put on the table. Council President Nemeth
<br />indicated that the chair had recognized and that there was no call for the question. Councilman
<br />Parent indicated that he supported Councilman Horvath's motion because of the survey soon to be
<br />conducted within the Fire Department. Councilman Szymkowiak expressed his support of the 56 -hour
<br />work week because it would mean better team work and more manpower utilization. He concluded by
<br />indicating that, in the future, he would support no disparity in pay. Council President Nemeth
<br />indicated that bargaining would soon begin within the Fire Department for the contracts and he
<br />felt this might be one of the items the firemen would want for negotiation power. The motion
<br />carried. (Councilmen Szymkowiak and Newburn opposed.)
<br />RESOLUTION NO. 364 -73
<br />A RESOLUTION AUTHORIZING THE CONTROLLER OF
<br />THE CITY OF SOUTH BEND, INDIANA, TO INVEST
<br />CERTAIN IDLE FUNDS DURING THE YEAR 1973 IN
<br />ACCORDANCE WITH CHAPTER 9 OF THE 1945 ACTS
<br />OF THE GENERAL ASSEMBLY OF THE STATE OF
<br />INDIANA, AS AMENDED.
<br />WHEREAS, there are certain idle funds of the Corporation of the City of South
<br />Bend which may be invested for periods of time without affecting the operations of
<br />the various departments of the City; and
<br />WHEREAS, Chapter 9 of the 1945 Acts of the General Assembly of the State of
<br />Indiana enable the Controller to invest such idle funds with the approval of the
<br />Common Council;
<br />NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana:
<br />Section 1. That during 1973 the Controller of the City of South Bend invest
<br />certain idle funds of the City for such periods of time that he determines are not
<br />needed for the normal operations of the various departments of the City.
<br />Section 2. This resolution shall be in effect from and after its passage by
<br />the Common Council and its approval by the Mayor.
<br />s/ Odell Newburn
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Mr. James Barcome, City Controller,
<br />indicated that this ordinance was another "house- keeping" ordinance whereby the city would con-
<br />tinue to invest its monies. He explained that the interest earned would become part of the fund
<br />from which it was made, and he indicated that this practice has been followed in the past and the
<br />city is making money on these investments. Miss Virginia Guthrie, Executive Secretary of the
<br />Civic Planning Association, asked how much money there was available to invest, and Mr. Barcome
<br />indicated there was about a couple million dollars with revenue sharing and sinking fund. He
<br />indicated that this money would be put into certificates of deposit for either 30, 60 or 90 days
<br />rather than letting it just sit idle. Council President Nemeth asked where this money was
<br />sitting, and Mr. Barcome indicated that it was in the banks and there has been no interest accrued,
<br />Council President Nemeth asked Mr. Barcome if he was limited to the type of investments to be made
<br />and the length of time the money was to be invested. Mr. Barcome indicated that, in certain items
<br />the city was limited. Council President Nemeth asked if the minimum amount was set by state law
<br />or by the issuing party, and Mr. Barcome indicated it was set by state law. Mrs. Janet Allen,
<br />125 West Marion Street, indicated that the Controller used to give a list of the interest earned,
<br />and she asked if funds had been invested previously. Mr. Barcome indicated that some funds were
<br />previously invested.
<br />Councilman Szymkowiak made a motion that the resolution be adopted, seconded by Councilman
<br />Kopczynski. The resolution passed by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak,
<br />Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 365 -73
<br />WHEREAS, Curtis
<br />Economic Development
<br />the property located
<br />Indiana.
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE
<br />CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA,
<br />IN THE MATTER OF CURTIS L. CROFOOT OF SOUTH
<br />BEND, INDIANA.
<br />L. Crofoot, of South Bend, has submitted his intention to the
<br />Commission of South Bend, for the acquisition and renovation of
<br />at 902 -1020 West Sample Street, within the City of South Bend,
<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 Curtis L. Crofoot, of South Bend, Indiana, and
<br />
|