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REGULAR MEETING APRIL 8 1974
<br />IIREGULAR MEETING - RECONVENED (CONTINUED)
<br />11RESOLUTION NO. 412 -74 (CONTINUED)
<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 />Councilman
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />South Bend Development Commission, introduced. Mr. Richard Bonewitz, the attorney representing
<br />National Computing Corporation. No questions were asked of Mr. Bonewitz. Mr. Fedder concluded
<br />that the amount of the bond was $700,000 and construction would be in the Airport Industrial Park,
<br />Phase II.
<br />Councilman Parent made a motion to adopt
<br />resolution passed by a roll call vote of
<br />Taylor, Kopczynski, Horvath, Newburn and
<br />Mr. Joseph Guentert, 1034 Foster
<br />the low -cost loans failed to meet
<br />the bondholder would be the bank.
<br />that the property remains on the
<br />appointed to supervise the bond.
<br />could be involved is if the bank
<br />IRRESOLUTION
<br />There being no one
<br />motion to continue
<br />motion carried.
<br />the resolution, seconded by Councilman Taylor. The
<br />nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent,
<br />Nemeth) .
<br />Street, wondered what would happen if the corporations receiving
<br />the bond issue. Mr. Fedder indicated that the only recourse to
<br />He stated that there was no liability to the city. He stated
<br />tax rolls and is deeded to the city as security, and a trustee is
<br />Council President Nemeth indicated that the only way the city
<br />failed and the matter would then be handled similar to a reposses
<br />A RESOLUTION OF THE COMMON COUNCIL
<br />OF THE CITY OF SOUTH BEND, INDIANA,
<br />CREDITING ELIZABETH SWEITZER WITH 9
<br />YEARS AND 3 MONTHS OF PUBLIC SERVICE
<br />WITH THE SOUTH BEND WATER WORKS.
<br />present to make the presentation on the resolution, Councilman Parent made a
<br />the resolution to the April 22nd meeting, seconded by Councilman Taylor. The
<br />IIORDINANCES, FIRST READING
<br />IIORDINANCE NO. 5653 -74
<br />AN ORDINANCE APPROVING THE .FORM AND TERMS
<br />OF LEASE AND TRUST INDENTURE AND ECONOMIC
<br />DEVELOPMENT REVENUE BONDS, AND AUTHORIZING
<br />THE EXECUTION THEREOF PERTAINING TO GENERAL
<br />SHEET METAL, INC.
<br />This ordinance had first reading. Councilman Kopczynski made a motion to suspend the rules and
<br />take action on the ordinance, seconded by Councilman Miller. The motion carried by a roll call
<br />vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath,
<br />Newburn and Nemeth). This ordinance then had second reading. Councilman Kopczynski made a motion
<br />to amend the ordinance on page 2 to change the date of March 25, 1974, to April 8, 1974, in
<br />accordance with the recommendation of Mr. Fedder. Councilman Taylor seconded the motion. The
<br />motion carried. Councilman Serge then made a motion that the ordinance pass, as amended, seconded
<br />by Councilman Kopczynski. The ordinance passed by a roll call vote of nine ayes (Councilmen Serge,
<br />Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />1IORDINANCE NO. 5654 -74
<br />AN ORDINANCE APPROVING THE FORM AND TERMS
<br />OF LEASE AND TRUST INDENTURE AND ECONOMIC
<br />DEVELOPMENT REVENUE BONDS, AND AUTHORIZING
<br />THE EXECUTION THEREOF PERTAINING TO EUGENE
<br />C. MUTA.
<br />This ordinance had first reading. Councilman Parent made a motion to suspend the rules and take
<br />action on the ordinance, seconded by-Councilman Taylor. The motion carried by a roll call vote of
<br />nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and
<br />Nemeth). This ordinance then had second reading. Councilman Taylor made a motion that the
<br />ordinance pass, seconded by Councilman Serge. The ordinance passed by a roll call vote of nine
<br />ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemet
<br />IIORDINANCE NO. 5655 -74
<br />AN ORDINANCE APPROVING THE FORM AND TERMS
<br />OF LEASE AND TRUST INDENTURE AND ECONOMIC
<br />DEVELOPMENT REVENUE BONDS, AND AUTHORIZING
<br />THE EXECUTION THEREOF PERTAINING TO
<br />NATIONAL COMPUTING CORPORATION.
<br />This ordinance had first reading. Councilman Kopczynski made a motion to suspend the rules -and to
<br />action on the ordinance, seconded by Councilman Taylor. The motion carried by a roll call vote of
<br />nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and
<br />Nemeth). This ordinance then had second reading. Councilman Taylor made a motion that the ordina
<br />pass, seconded by Councilman Kopczynski. The ordinance passed by a roll call vote of nine ayes
<br />(Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />IInRIIINANCF
<br />AN ORDINANCE AMENDING CHAPTER 20,
<br />VEHICLES AND TRAFFIC, OF THE MUNICIPAL
<br />CODE OF THE CITY OF SOUTH BEND, INDIANA
<br />(trucks and buses).
<br />This ordinance had first reading. Councilman Taylor made a motion that the ordinance be set for
<br />public hearing and second reading on April 22, 1974, at 7:00 p.m., seconded by Councilman Kopczy
<br />The motion carried.
<br />n.
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