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REGULAR MEETING NOVEMBER 13, 1973
<br />11REGULAR MEETING - RECONVENED (CONTINUED)
<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 October 5, 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 Eslinger TV & Appliances, 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 Eslinger TV & Appliances, Inc., under the Act, be
<br />and 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 />South Bend Development Commission, explained that, on October 5, the commission had approved the
<br />financing. The project involved an expansion program in the amount of $190,000. Mr. Fedder state
<br />that the same policy that has been followed in the past had been followed on the Eslinger applica-
<br />tion. He stated that there would be an increased tax base and an addition to the staff of 3 to 5
<br />employees. Council President Nemeth thanked Mr. Eslinger for staying at the meeting for the pre-
<br />sentation of the resolution.
<br />Councilman Parent made a motion that
<br />The resolution passed by a roll call
<br />Parent, Taylor, Kopczynski, Horvath,
<br />IIRESOLUTION NO. 395 -73
<br />the resolution be adopted, seconded by Councilman Taylor.
<br />vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Newburn and Nemeth).
<br />A RESOLUTION FOR A- TRANSFER OF FUNDS
<br />TO ACCOUNT NO. 5 -265, "OTHER CONTRACTUAL
<br />SERVICES ", IN THE STUDEBAKER HISTORICAL
<br />COLLECTION BUDGET IN THE AMOUNT OF $420.00,
<br />AND THE TRANSFER OF SAID SUM FROM ACCOUNT
<br />NO. 5 -251, "REPAIRS OF BUILDINGS AND
<br />STRUCTURES ", BOTH ACCOUNTS BEING IN THE
<br />"SERVICES CONTRACTUAL" CATEGORY AND BOTH
<br />WITHIN THE GENERAL FUND.
<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 City Government to
<br />meet the extraordinary conditions; and
<br />WHEREAS, additional funds are needed for Account S -265, "Other Contractual Services ",
<br />to enable the Studebaker Historical Collection to complete the contract for storage of
<br />the Studebaker vehicles, to assure the department's ability to properly perform its
<br />functions; and
<br />WHEREAS, a surplus exists in another account where it is not presently needed.
<br />This surplus is shown more specifically as follows, to -wit:
<br />$420.00 in Account S -251, "Repair of Buildings and Structures"
<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 $420.00 be transferred from Account-No. S -251, "Repair
<br />of Buildings and Structures ", to Account No. S -265, "Other Contractual Services ", both
<br />of said accounts in the Studebaker Historical Collection budget being in the same
<br />"Services Contractual" category, and all being within the General Fund.
<br />s/ Peter J. Nemeth
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Council President Nemeth briefly
<br />explained the request for the transfer, reading from the letter of explanation submitted with the
<br />resolution.
<br />Councilman Kopczynski 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).
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