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REGULAR MEETING - RECONVENED (CONTINUED)
<br />TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY,
<br />AND APPROVING THE FINANCING THEREFOR.
<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, Hill White Truck Sales, Inc. has filed an application with the
<br />Commission to finance the acquisition of real estate and the construction thereon of
<br />an industrial and commercial building (facilities) which will constitute economic
<br />development facilities resulting in a substantial number of new jobs as well as other
<br />benefits; and
<br />WHEREAS, in connection therewith the Commission has prepared and placed on file a
<br />report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5 and
<br />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 31, 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 Hill White Truck Sales, Inc. will be of
<br />benefit to the health or welfare of the City of South Bend, Indiana, and that, accordingly,
<br />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 Hill White Truck Sales, Inc. under the Act be and
<br />the same is hereby approved.
<br />Section 2. This resolution shall be in full force and effect from and after its
<br />passage by the Common Council and approval by the Mayor.
<br />s/ Peter J. Nemeth
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />,Economic Development Commission, indicated that the commission had approved the application and
<br />financing on August 31, 1973. Mr. Warren McGill, the attorney representing Hill White, explained
<br />that it was proposed to add on to the north side of the existing building on Sample Street, the
<br />addition amounting to 8,000 square feet. He stated that the cost was approximately $550,000 and
<br />that four or five additional employees were proposed. He concluded that new offices would be
<br />added and the same general operation would be conducted.
<br />Councilman Serge made a motion that the resolution be adopted, seconded by Councilman Taylor._
<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 />IRESOLUTION NO. 390 -73
<br />A RESOLUTION TRANSFERRING $1,500.00 FROM
<br />ACCOUNT #215, "CAR ALLOWANCE ", TO ACCOUNT
<br />#213, "TRAVEL EXPENSES ", BOTH ACCOUNTS
<br />BEING WITHIN THE MAJOR CLASSIFICATION,
<br />"SERVICES CONTRACTUAL ", IN THE COMMON
<br />COUNCIL BUDGET IN THE GENERAL FUND OF
<br />THE CITY OF SOUTH BEND, INDIANA.
<br />WHEREAS, certain extraordinary conditions have developed since the adoption of
<br />the existing annual budget so that it is now necessary to appropriate more money than
<br />was appropriated in the annual budget for the various functions of the Common Council
<br />to meet such extraordinary conditions; and
<br />WHEREAS, it has been ascertained that Account #215, "Car Allowance ", in the
<br />Common Council budget has more money than is needed at this time.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana:
<br />SECTION I. That the sum of $1,500.00 be transferred from Account #215, "Car
<br />Allowance ", to Account #213, "Travel Expenses ", both accounts being within the major
<br />classification, "Services Contractual ", in the Common Council budget.
<br />SECTION II. This resolution shall be in full force and effect from and after its
<br />passage by the Common Council and its approval by the Mayor.
<br />s/ Roger O. Parent
<br />Member of the Common Council
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