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REGULAR MEETING
<br />IIREGULAR MEETING - RECONVENED (CONTINUED)
<br />DECEMBER 17, 1973
<br />money would be coming from,. and Mr. Lennon stated that most of the money would come through the
<br />revenue sharing program. Councilman Kopczynski wondered if that amount of money should be alloca
<br />to only one area. Mr. Lennon stated that, during the next few weeks, a total program for the
<br />entire area would be presented to the Council. Councilman Parent made a motion that the Council
<br />favor the continued exploration of ways and means to improve the southeast neighborhood. There
<br />was no second. Councilman Taylor asked about the financing, and Mr. Lennon indicated that Mr.
<br />Shields wanted assurance that one year from now the funds would not be appropriated. Councilman
<br />Taylor asked about the amount of additional clearance, and Mr. Lennon indicated that the total
<br />project would be $1,306,000 excluding the park development. Councilman Miller wondered how the
<br />Council could make a commitment on revenue sharing expenses for 1975 and 1976. He stated that,
<br />regarding the Civic Center, there has been no commitment for revenue sharing funds.in the future.
<br />Councilman Taylor stated that he wanted something to be done for the southeast neighborhood, and
<br />he indicated that he wanted Mr. Lennon to proceed with the necessary plans. Councilman Parent
<br />1withdrew his motion.
<br />KNEW BUSINESS
<br />Council President Nemeth explained that the St. Joseph County Tax Adjustment Board had reduced the
<br />budget appropriation for the South Bend Art Association by four mills and the Council had previous
<br />appropriated nine mills. He wondered why the cut had been made. Mr. James Barcome, City Controll
<br />indicated that apparently the board had felt the budget should be cut because no one had been
<br />,present at the hearing. Council President Nemeth proposed a resolution to authorize the South
<br />Bend Art Association to appeal to the Board of State Tax Commissioners the four mill reduction in
<br />the appropriation for 1974, as follows:
<br />RESOLUTION NO. 404 -73
<br />A RESOLUTION OF THE COMMON COUNCIL
<br />SUPPORTING THE TAX APPEAL OF THE
<br />SOUTH BEND ART ASSOCIATION, INC.
<br />WHEREAS, the St. Joseph County Tax Adjustment Board has reduced the budget
<br />appropriation for the South Bend Art Association, Inc. by four (4) mills; and
<br />WHEREAS, the Common Council believed at the time and still believes that the
<br />nine (9) mills which it appropriated was proper and necessary for the support and
<br />the maintenance of art facilities in the City of South Bend; and
<br />WHEREAS, the Common Council believes that said budgetary appropriation of nine
<br />(9) mills was in the best interests of the people of the City of South Bend,
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
<br />Bend:
<br />SECTION 1. The Common Council hereby authorizes the South Bend Art Association,
<br />Inc. to appeal to the Board of State Tax Commissioners the four (4) mill reduction in
<br />its budgetary appropriation for 1974, which reduction was made by the St. Joseph County
<br />Tax Adjustment Board; and supports the efforts of the Art Association in this matter..
<br />SECTION 2. This resolution shall be in full force and effect from and after its
<br />adoption by the Common Council and its approval by the Mayor.
<br />s/ Peter J. Nemeth
<br />Member of the Common Council
<br />Councilman Parent 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 />Council President Nemeth proposed a resolution to allow American Chain and Cable Company to pro-
<br />ceed with bonding of construction under the Economic Development Act, as follows:
<br />RESOLUTION NO. 405 -73
<br />WHEREAS, the South Bend Development Commission on December 14, 1973, adopted a
<br />resolution, a copy of which is on file with the City Clerk; and
<br />WHEREAS, it is in the best interests of the City of South Bend, and the prosperity,
<br />economic development and general welfare thereof, that said Resolution be approved and,
<br />that the financing arrangements under a Loan Agreement for the acquisition, construction,
<br />and equipping of the Economic Development Facility to be owned by American Chain & Cable
<br />Company, Inc., be implemented;
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend
<br />that the Development Commission's resolution adopted on December 14, 1974, be approved,
<br />accepted and ordered filed.
<br />BE IT FURTHER RESOLVED that the Common Council of the City of South Bend give its
<br />approval of and order implementing the financing arrangements under a Loan Agreement
<br />for the acquisition, construction and equipping of the Economic Development Facility
<br />to be owned by American Chain & Cable Company, Inc., under authority of the Indiana
<br />Code of 1971, Title 18, Article 6, Chapter 4.5.
<br />s/ Peter J. Nemeth
<br />Member of the Common Council
<br />(Council President Nemeth explained that the firm would be employing 100 persons and the benefits
<br />jderived by the city would certainly justify adoption of the resolution. He indicated that the
<br />amount of the bond would be $4,000,000, and most of the equipment manufactured would be made here
<br />and shipped to various industries. Councilman Parent made a motion that the resolution be adopted,
<br />seconded by Councilman Serge. The resolution passed by a roll call vote of nine ayes (Councilmen
<br />Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth). Council
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