06-24-74 Council Meeting Minutes

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REGULAR MEETING JUNE 24, 1974 REGULAR MEETING - RECONVENED (CONTINUED) by Councilman Szymkowiak. The ordinance passed by a roll call vote of eight ayes (Councilmen Serge, Szymkowiak, Miller, Taylor, Kopczynski, Horvath, Newburn and Nemeth) with Councilman Parent absent. RESOLUTIONS RESOLUTION NO. 429 -74 A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF FACILITIES FOR CURTIS PRODUCTS, INC., AN INDIANA CORPORATION, BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS PERTAINING TO SUCH FACILITIES FOR SUCH ENTITY WILL BE OF BENEFIT TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY, AND APPROVING THE FINANCING THEREFOR. WHEREAS, the Common Council of the City of South Bend, Indiana, heretofore has created the South Bend Development Commission, hereinafter referred to as "Commission ", pursuant to the provisions of the Public Law No. 182 of the Acts of the General Assembly of Indiana for 1973, as such may be amended from time to time, including but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28, hereinafter referred to as the "Act "; and WHEREAS, Curtis Products, Inc. has filed an application with the Commission to finance the acquisition of real estate and the construction thereon of an industrial and manufacturing building (facilities) which will constitute economic development facilities resulting in a substantial number of new jobs as well as other benefits; and WHEREAS, in connection therewith the Commission has prepared and placed on file a report containing the subject matter as specified in Section 16 of IC- 1973, 18 -6 -4.5 and has forwarded copies thereof to the chairman of the Area Plan Commission and to the superintendent of the School Corporation in the area of which the facilities will be located, and has timely received favorable reports from each of them; and WHEREAS, the Commission held a public hearing on the proposed financing of such facilities on June 7, 1974, after giving the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5; and WHEREAS, the Commission at such meeting by a duly adopted written resolution, incorporated herein by reference, found that the proposed financing complies with the purposes and provisions of the Act, and approved such financing, including, but not limited to, the forms and terms of the financing agreement consisting of the Lease and Trust Indenture and the Bonds; and WHEREAS, this Common Council of the City of South Bend, Indiana, now finds that the proposed financing of such facilities for Curtis Products, Inc. will be of benefit to the health or welfare of the City of South Bend, Indiana, and that, accordingly, this resolution should be adopted. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, that: Section 1. Such financing for Curtis Products, Inc., an Indiana corporation, under the Act be and the same is hereby approved. Section 2. This resolution shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. s/ Peter J. Nemeth Councilman A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the South Bend Development Commission, explained that, on June 7th, the commission held a hearing and adopted a resolution finding that the financing complied with the purposes of the Development Act. He introduced Mr. Charles Boynton, the attorney for Curtis Products, practicing law at 725 St. Joseph Bank Building. Mr. Boynton stated that Curtis Products has been in South Bend manufacturin brake lines and transmission lines since 1959 in the Bronson - Carroll Street area. He stated that the proposed addition would cost $450,000 and would be at the southeast corner of Bronson and Carroll. Mr. Boynton stated that the water and sewers are installed and the 20 -year bond has been placed. He was of the opinion that 30 to 60 new employees would be hired with the expansion of th firm, and the plant would be a single -story facility. He introduced Mr. Gene Young, Vice Presiden of Sales of Curtis Products. Councilman Horvath made a motion that the resolution be adopted, seconded by Councilman Szymkowiak. The resolution passed by a roll call vote of eight ayes (Councilmen Serge, Szymkowiak, Miller, Tayl Kopczynski, Horvath, Newburn and Nemeth) with Councilman Parent absent. RESOLUTION NO. 430 -74 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING THE ISSUANCE AND SALE OF PARK DISTRICT BONDS OF THE BOARD OF PARK COMMISSIONERS OF THE PARK DISTRICT OF THE CITY OF SOUTH BEND, SOUTH BEND, INDIANA, FOR THE PURPOSE OF FAQVIDING FUNDS TO BE APPLIED ON THE CONSTRUCTION OF A WHITE WATER WAY PARK, ISLAND PARK DEVELOPMENT, PIER PARK DEVELOP- MENT AND CENTENNIAL PARK DEVELOPMENT AND FOR THE ACQUISITION OF APPROXIMATELY EIGHT (8) ACRES OF LAND ADJACENT TO THE WHITE WATER WAY PARK; AND FOR THE COMPLETE RENOVATION OF POTAWATOMI PARK ZOO, A PUBLIC PARK WITHIN THE CITY OF SOUTH BEND, INDIANA.