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REGULAR MEETING - RECONVENED (CONTINUED)
<br />ORDINANCE NO. 5573 -73 AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION
<br />OF $8,030.00 FROM THE FEDERAL ASSISTANCE
<br />GRANT FUND, COMMONLY KNOWN AS GENERAL
<br />REVENUE SHARING, TO ACCOUNT 722, "PROPERTIES ",
<br />OF THE FEDERAL ASSISTANCE PROGRAM FA -5, "MOTOR
<br />VEHICLE HIGHWAY EQUIPMENT ", TO BE ADMINISTERED
<br />BY THE CITY OF SOUTH BEND, INDIANA, THROUGH
<br />ITS DEPARTMENT OF PUBLIC WORKS.
<br />This ordinance had second reading. Councilman Miller made a motion that the ordinance pass,
<br />seconded by Councilman Horvath. The ordinance passed by a roll call vote of nine ayes (Councilmen
<br />Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />ORDINANCE NO. 5574 -73
<br />AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION
<br />AND TRANSFER OF $12,000.00 FROM ACCOUNT #11,
<br />"SERVICES PERSONAL ", TO ACCOUNTS #221,
<br />"SERVICES CONTRACTUAL, ELECTRIC CURRENT ",
<br />IN THE AMOUNT OF $5,000.00; ACCOUNT #251,
<br />"SERVICES CONTRACTUAL, REPAIRS TO BUILDINGS
<br />AND STRUCTURES ", $2,000.00; AND ACCOUNT
<br />#252, "SERVICES CONTRACTUAL, REPAIRS TO
<br />EQUIPMENT ", $5,000.00; ALL IN THE GENERAL
<br />PARK FUND.
<br />This ordinance had second reading. Councilman Szymkowiak made a motion that the ordinance pass,
<br />seconded by Councilman Serge. The ordinance passed by a roll call vote of nine ayes (Councilmen
<br />Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />ORDINANCE NO. 5575 -73
<br />AN ORDINANCE FOR APPROPRIATING INTEREST
<br />EARNED FROM THE PURCHASE OF CERTIFICATES
<br />OF DEPOSIT OUT OF THE PROCEEDS OF THE
<br />1972 PARK DISTRICT BONDS TO THE PARK
<br />DISTRICT BOND CONSTRUCTION FUND IN THE
<br />AMOUNT OF $15,164.35.
<br />This ordinance had second reading. Councilman Szymkowiak made a motion
<br />seconded by Councilman Miller. The ordinance passed by a roll call vote
<br />Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn
<br />RESOLUTIONS
<br />RESOLUTION NO. 383 -73
<br />A RESOLUTION FINDING AND ADJUDGING THAT
<br />THE FINANCING OF FACILITIES FOR J. AND S.
<br />REALTY, A PARTNERSHIP BY THE ISSUANCE BY
<br />THE CITY OF SOUTH BEND, INDIANA, OF ITS
<br />ECONOMIC DEVELOPMENT REVENUE BONDS PER-
<br />TAINING TO SUCH FACILITIES FOR SUCH ENTITY
<br />WILL BE OF BENEFIT TO THE HEALTH OR WELFARE
<br />OF.THIS MUNICIPALITY, AND APPROVING THE
<br />FINANCING THEREFOR.
<br />that the ordinance pass,
<br />of nine ayes (Councilmen
<br />and Nemeth) .
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, heretofore has
<br />created the South Bend Development Commission, hereinafter referred to as "Commission ",
<br />pursuant to the provisions of the Municipal Economic Development Act of 1965, as amended,
<br />supplemented or added to, including but not limited to the amendments, supplements or
<br />additions of IC -1973, 18- 6 -4.5, or any other amendments, supplements or additions
<br />thereto, hereinafter referred to as the "Act "; and
<br />WHEREAS, J. and S. Realty has filed an application with the Commission to finance
<br />the acquisition of real estate and the construction thereon of an industrial and
<br />commercial building (facilities) which will constitute economic development facilities
<br />resulting in a substantial number of new jobs as well as other benefits; and
<br />WHEREAS, in connection therewith the Commission has prepared and placed on file
<br />a report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5
<br />and has forwarded copies thereof to the Chairman of the Area Plan Commission and to the
<br />Superintendent of the School Corporation in the area of which the facilities will be
<br />located, and has timely received favorable reports from each of them; and
<br />WHEREAS, the Commission held a public hearing on the proposed financing of.such
<br />facilities on August 17, 1973, after giving the required notice as provided for in
<br />Section 17 of IC -1973, 18- 6 -4.5; and
<br />WHEREAS, the Commission at such meeting by a duly adopted written resolution,
<br />incorporated herein by reference, found that the proposed financing complies with the
<br />purposes and provisions of the Act, and approved such financing, including, but not
<br />limited to, the forms, and terms of the financing agreement consisting of the Lease and
<br />Trust Indenture and the Bonds; and
<br />WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that
<br />the proposed financing of such facilities for J and S.Realty, a partnership, will be
<br />of benefit to the health or welfare of the City of South Bend, Indiana, and that;
<br />accordingly, this resolution should be adopted.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, that:
<br />Section 1. Such financing for J. and S. Realty, a partnership under the Act be
<br />and the same is hereby approved.
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