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05-26-15 Common Council Meeting Minutes
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05-26-15 Common Council Meeting Minutes
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REGULAR MEETING MAY 26, 2015 <br />Presenter: Randy Rompola, 202 S. Michigan St, South Bend — We are here for you to consider <br />the adoption of this resolution. This would increase the amount not to exceed tax exempt bonds <br />issued on behalf of Noble Americas. At the time you adopted the fire resolution, the amount was <br />not to exceed $25 million, since that time the company has invested a greater amount of money <br />in the project overall. With respect to the bonds, they are being suggested for issuance at the <br />project conclusion. The bonds would not be an obligation to the city. In order for them to issue <br />tax exempt bonds, they would need to be issued by the city. With the issuance the city is not <br />responsible and not held responsible. The payment would be between the company and the <br />bank. At this point they are looking to not exceed $15 million. We are asking you to amend the <br />prior resolution to preserve the ability to issue the bonds going forward. <br />Councilmember Oliver Davis stated what you are sharing with us, is if something happens with <br />Noble America, if they go out of business this will not affect the city? That their success or <br />failure would not be liable by the city at all? Randy responded correct at no circumstances <br />would the city be responsible if they were to default on their loans. <br />This being the time heretofore set for the Public Hearing on the above bill, proponents and <br />opponents were given an opportunity to be heard. <br />There being no one present wishing to speak to the Council either in favor of or opposition to <br />this bill, Councilmember White made a motion to adopt this resolution. Councilmember Dr. <br />David Varner seconded the motion which carried and the Resolution was adopted by a roll call <br />vote of seven (7) ayes. <br />BILLS - FIRST READING <br />RTT.T. MC) <br />24 -15 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA, AMENDING SECTIONS OF <br />CHAPTER 17, ARTICLE 7, OF THE SOUTH BEND MUNICIPAL CODE <br />TO DECREASE THE SEWER INSURANCE PROGRAM DEDUCTIBLE AND <br />TO MAKE OTHER PROGRAM CHANGES <br />( Councilmember Oliver Davis exited the meeting) <br />This bill had first reading. Councilmember Dr. David Varner made a motion to refer this bill to <br />the Utilities Committee for second and third reading on June 22 °d. Councilmember Mr. Gavin <br />Ferlic seconded the motion which carried by a voice vote of six (6) ayes. <br />25 -15 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA AMENDING SECTIONS OF CHAPTER <br />16, ARTICLES 2 AND 4 OF THE SOUTH BEND MUNICIPAL CODE <br />TO PROVIDE YARD WASTE REMOVAL SOLELY FROM CITY FURNISHED <br />CONTAINERS <br />This bill had first reading. Councilmember Dr. David Varner made a motion to refer this bill to <br />the Utilities Committee for second and third reading on June 22 °d. Councilmember Mr. Gavin <br />Ferlic seconded the motion which carried by a voice vote of six (6) ayes. <br />26 -15 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND INDIANA AMENDING CHAPTER 16, SECTIONS <br />16 -6 AND 16 -8 OF THE SOUTH BEND MUNICIPAL CODE TO ADJUST <br />FEES FOR CITY COLLECTION AND DISPOSAL OF REFUSE (SOLID <br />WASTE) MATERIALS <br />This bill had first reading. Councilmember Dr. David Varner made a motion to refer this bill to <br />the Utilities Committee for second and third reading with public hearing on June 22 °d. <br />20 <br />
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