05-26-15 Common Council Meeting Minutes

Home Browse Search

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