HomeMy WebLinkAbout1961-OR-1572 AN 0RDI~ANCE OF THE CITY OF JEFFER$ON~ILLE, iNDIANA,
DEBENTURES OR OTHER EVIDENCES OF INDEBTEDNESS BY THE HOUSING
A~JTHORITY OF THE CiTY of JEFFER$0I~VI~LE~
i~EREA$, THE Housing AuthOrity of the City of Jeffersonville, Indiana,
(herein called the 'Authorityu) is e body copporate and poJitic, organized
and existing under and by virtue of [he Housing Authorttles Act of Indiana
~herein called the 'Act~), and
~"dE~EAS, the Authority is desirous of issuing Bonds, Motes, Interim
CertJflaetes, Debentures and othe~ evidences of inde~tedness (herein
collectively referred to es "Bonds'~) for the purpose of obtainieg funds for
the financing of publlc
projectS, and
WHEEEA$, the Cornmon Councit Of the City of Jeffersonville, Indiana,
believing end having fox, nd that the issuance of such evidences of indebtedness
aforesaid would be in the best public tnter~st, wishes and ~esures to
the issuance of Bonds, Notes, iflte~im Certificates, Debentures ~nd other
evidences of indebtedness by said ~b~thority.
~W, THEREFORE, BE iT ORDAINED
Jeffersonvilte, i~d~ana, as follows.
Section ~o ~net the issuance, sale a~d delivery by th~ Houstn~
Authority of the City of Jefferson¥tlIe, indiana, of bonds, notes,
l~terim certificates, debentures and other evidences of indebtedness,
for the purpose of financing the corporate purposes of said Authority,
including but not limited to~ the construction and oper~tlen of low-rent
housing projects, Is hereby a~thorlzed and approved. Sueh obligations
and evidences of Indebtedness shall be in such ~mounts as may be from
time to time authori2e~ by resolution of said Authorlt¥o
$.eCtlOn 2. This Ordinance shall be in futl force and effect from and
after Its passage, signing and attestation.
DA?ED¥
Page 2
ADOPTED by the C~mmon Council of the City of ~m_._~fer~sonvi)te, Indiana,
thls ~ day of November~1961 , at 7:~0 o~clock ~, N. /
ATTEST:
FRESENTED by me to the Hayer of the City of Jefferson,< ~,~, Indiana,
this 6t~h. day of flovember_ i~, at 7:~ o*cl~k ~ M.
APPROVED by me this ~ ~a~ of ~_~oyD~.b~er 1961, at ~_~. o'clock A.m.
.t
CERTIFICATE OF PUBLICATIGN
This will certify that the above and forego;rig Ordinance No. _ _
of the City of Jefferson~llie, Indiana, was duly pubtlc~zed tn the~
Ney4~s~, a newspaper of gener~ circulation in the C~ty of J~effarsonv~ll~,
Indiana, on the ~day of , t96t, ~'~ich
publicetion called ~he attention ~f the pubilc to the fact ~f ~he Public
Hesring scheduled fo~ the consideration of said etd{hence in the Council
Chanibers at the Court House, Jeffersonvill~, Indiana, on the ....
day of ~-. , 196I, at ~o'clock _M, local time.
CITY CLERk?
(S~L)
TRANSCRIPT OF PUBLIC HEARING HELD O~ OCTOSEH2~, 1~61, Jn the Co~t Room of
the Clark County Court House,
This Public Hearing ls bain9 held on October 25. )96t, in the Court Room of
Hearing in the Evening Ne~s on October t3, ID6~. Th~a notice of Publlc He~rtng
~'A Public Hearing ~ii] be held by the Housing ~Jthority of the City
o~ JeffersOnville c~d the Coan~n ~ of Jeffersonviile,
o~ ~ednesday, October 25, )96~, at in the Court
o~ the County Court House for the issuance
of bon~s, notes, interim certificates, other
~vidences of indebtedness by the H~s~g Authority of the City
publ~
To p~t this into leyden's terms, this Public Ne~rin~ iS for the p~rpose of
discussing and lnfo~ing the citizens of the Cityof Jefferso~vii~e the ~y
)n v~Jch the ~ousi~g units to be bui]~ by the Jeffersonvi)le H~Jslng AuthOrity
a~ to be financed. This is the stated purpose of th~ ~et~ng. bYe ~viil
n~xt regularly schedu)ed meeting. This Resolution w{t} re~d as fo.lc~s.
'A~ etd{henCe or reso)utIon of the City of Jeffersonville, Ind}ana,
app/~ovlnij the Issuance of bonds, no[es, interim fertJf)cetes, debentures,
WHEREAS, the ~ouSin? AuthOrity Of the City of Jeffers~nvJtle,.lndlane,
(herein caii,~ the Author{ty) ~s a body corpo[at~ a~ polit{C organized.
and existing by.virtue Of ~he Housin~ Au~horities Act of {nd{ann (her~tn
called the Act), and
~tiEREA$, The Authority ~s des~r0us Of issu)n9 bonds, notes, {nterim
certificates, debenture~ a~d o~her evidences of indebtedne?,(herein
collectively referred to as Bm~ds) for the purpose oF'bStc(ning funds
for th~ f~nancing of the development an~ operation of iow-rent public
hOuSJ~ t
project , and
~HEREA9, The Con~i~n Council of the City of Jeffersonvi{le, Indiana,
b~llevin~ and havlng found ~hct the Jssu~nc~ of such evidences of indebt~
edness aforesaid, ~ould be in the best pu~{)c {nte~s~, ~(s~es a~ d~sJres
~ObY,THEREFORE, BE IT ~ESOLVED by the Cc~mnton Council of the City of
Jeffersonv{ {a, India~a, as follov~:
Section I. Thct the issuance,o~le and de)tvery by the Housin9
Author)ty of the ~ty of Jeffersonv ~]e, lnd{ana, o¢ bonds, notes,
for the purpose of f{nancing %he corporate purposes of scid Authority,
including but not limited to, the construction end operation of Iow-rent
housing projectS, is hereby authorized and approved. Such obt{gation
a~d evidences of indebtedness ~hal] be {n s~ch ~nts as ~y be fr~
t)~ to t)m~ authorized ~y A~O)~t)On of ~J)~ A~r)[y.
SectiO~ 2. This etd)hence shell be in full force and effect fro~ and
and then the s}~qatures ~ll{ be there for the 8ouncilmen and ~or the ~ayer.
Page 2
I would i)ke to ~exp)atn to you tha~ tht$ is not 8 Public I~earin9 to ~pprove
~e creation of a H~s~n~ ~hort~y ~or the C~ty o~ je~erso~v~e, ~s
a~ready ~ne a~ a romar Pub}ic ~ea~Ing. There ,~re ~o objections at
Publ lc H~r~ng, ,which ~as he~d s~ver~ ~onths ego. an~ ~u~y a~ert~sed Jn ~he
l~ ~o reed to you~ %he best exp/ana~ion of thts fact, of ~ans, o~ f~nenc~n~
fr~ the [ndlana 5tenures. ~ect~on ;48-81~4; on, tiled "Bonds, ~thortty ~o
City Cou~tt; ~n ~oard. or C~ty
Hearth held pursuant to ~OtiC~ of th~ tiaa, place a~d pur~e
e ~bl)c g , . ' ' ' flor to the
~ Authority may issue s~c . yP. , ~ .... . =~ ,~av I : ~ Exclusively
bends on ~hl~ the principal ano ~n~. ...... ~_ysb_e. ( )
nc~e and reve~ues Of the h~slng project financed. ,with, the
rrm the }f such ~nds, 6~ With sbch p~bbeeds; (b) exclusively fr~ the
proceeds
' ether or not
)n~ and revenue of certain designated housing proj.ect[ ~ ~ . .
they ~te.f)nan~d tn ~ole~or i~ part by the pr~eeds of suc, ~noss,
t revenues ~e~etally. My of such bonds may be
(c) fr~ ~ s ~ ~ ~ ..... ~r~ a ~rtqa e of any ~uslng project,
projects or other p~op~y of the Authority."
Skipping d~n to the .next paragraph into [he sec~ Septe~ce of the next
paragraph, this ls ~oted.
and other obligations o~ a~ authority (and such b0~ds and .
the to~, t te or an
e~ ~he Cltv~ the t~ or th~ county, ~Or the.sta _Y . ~,
then thee ot Sa~O authority, ~ --"T- -', ' ..... ~-+.~Jr';, debt l ~mltation
or restr J ct)On.'
~e ~eanln9 of thls )s simply that the financing of h~slng unl[s to be built
by the Public Housing Authority is in no way affecting the bonded
oK the liability for such ~nds ~ the city, the county, or the state.
N~ that vm have informed those present of the means by ~ich Public
units are financed. ~ ~uld like to open the Flor up n~ for, ~}r~ of all,
those ~o here any discusSlOn in regard to this matter.
'~ould ~u c~ up slr and gtve -~ur n~ and ad~r~5t
· f
onvtlle, ~nd have ~ve ~ ~ yee~s. The ~Jn ~drpo~e of
Jeffers _ ~ ~ .,._ ~j
tO withhold t~e passing of the hat ~ld set up mOneS'~,J(~e
unt~l the ~t~6}e ~f ~rban ~en wa n ~ot')a~,s a~d Cent~ ft~ures
c)tlzens of jeff~sonvll
. Lenn I think tl~at ymt have ~nfuse~ the ~us)ng Auth°?)tY
Public ~ous 9 .. u __ - ~'~c ~s~n O~ the Housing
h~n to say ~nc~rn~n~ ~he Pub ~ ,
DO you have anyt _g .... .~,,i~la..~ a~'_~ rah ~ans by which t will
~t~ance constr ~ . , ~ -~-t~... ~e either {brough their
o~ purchase of s~h h~e or lhrm~ tne~ r p ~
a~artment?'
L nn s caking. ' I have lived tn Clark CoUnty, Clarksvill~ and
~e veer and at the eno ~/ ~f*~ ~-.~ ~ ._ i~ -~ n
and ~t the end of the other ~ mu~ n~ve ,r s~} . ....
t s eaklng, nMr. kenny, this is apubl)c 'hearing f~ the purpose
M[r.?¢t I. p ~,-~ ~ of f~nan~in~ of houstng ~or d~sp~aced families,
particularly those displaced by the bridge.
Mr. kenny speaking, ~We are ?e'ekl~g of thB~gs here that se~ 'to be a
1 re a~ed. Those .~at ~ill be d[splaced by the 'brl~9e there
little We I p P ~ ' - f ef~erSonv)tl~
is ,plenty o~ housing at the pre~S~nt t~me In the (tyo J
a~e of them at least t~po~rlly, I have ~o~tCed qu~te a number
to tak~ c ': .. ',, ,'- ' · '- ,- ~:- ~,-~ that a'~e still fo~~rent,
If ~u ~)l) pick up ~ur cvem~g ~Z,rl~ht 20 ~ous~e~ f~r ¢~n=~ )~ the
~ h~ ~ le bul!dmg
~etween touiS~l,~)~, n ~ , '=-~a. '~ I state~ before, was until Urban
adequately aho Wet l~ . la? only [~*[l_-i~-.f~,r t~e d~le, exactly
' n tO COs~ them, the re~s~ ~b ~'o ~,,~
th~ p .....
in the me~ns of
"Mr. Lenn ~ are still only dlscuss , g :
ar. ~GiII speaking. . ~t ,,- ~ ..... a~-du had a ~ubllc hearing to
financing the public housing units., we .:v~ ~-~.( _. ns~o the
ced for such unitS, the're ~re nO O~Jec%l,o
determine the n n ~thorit Of the
' the Cou'nc~t subsequently created the ~ou~. ~ ~. ?~
this time an.d,~ .~ -~ ~,~,.- ~ ...... - ~nts ~bOut the ~inancin9 or
bug loin9 puu~lc nu~-...~
"Herin lived ~n a Gove~nt HOuS)~ project, for
Mr. ~enny speaking. . 9 .... ~ ...... n ~ah ~n~al ~n Washington,
years and having ~ught into that ann nav,n~ *~ .... ~ ....
~nd having seen ~rban Annevel in jef'ferso~Vlll~, o¢ In Lou~sv~ll~ ).hav~ no
,, , CounCt~ for ~a~s~ng the ~tttng Up Of ~he housing
quarrel wlth the ~)~y --_ - .-~ - ) ~lnk )t is eve~y: C~tl~ens &Jty to
' ~//e ~ dO Se~ t~ up, ........
politics 9~s- That the ~hole Or ~n=
M- ~altl speaking. 'Mr.-, Len~y, this ordinance mdSt be passed before the
plans are begun and the plans ~ ~1 sta~e the Cost Of such ~nSiPUction at
for ~ur c~en~s.
later tl~. Thank y~ very much' ' ~ .... ~'
dt scuSs~
~r. acGtll speaki ~. "Are there other c~nts or
~hls is E. K. ~nny. ~ Earl9ht spiking a9~In. At the
Mr. kenny speaking.. .- ~i. ,,' a tltlon move in th~ first
' r he e)s a c~)zen= group plannln9 ~. ,
present t)~e, t r ,,, ¢[~t~ '~ vie~ and their o~n ~houghts
Urban Ee~e~. p~nt test mg o~...~ .... ::. _ s, 11 1 be aF{'ee'ted, h~ tach
be affected~ h~* they ~
~hat are actually to . ' nd ~he ~ole
people t , . ' · ' w~li et beck snto a
cost to the people thyselves. I nave ~
P~ge ~
deve)opn~nt tn the C~:¥ Of Louisville :hat is setllng th~!~s Iow-cost. housing
$13,900 to $17,90~o ! don'.t k~ov~hat this,lo-Trent l~cost h~sln9 project
is golng ~o cost mn Jeffersonv[)l~ et ,~t :t.~)ll S~11 for tn
but I ~utd object to thls ~oney c~ng from ?e Outs)de to the ~rlv~ts
of bthers v~lle they take ~ay fr~ the v)~.~
Hr, Mcg!ll Speaking: ~There seems to be a m~'sunderstanding due to the fact
that this housing wiS1 not be sold but will be rented belov~ the market ~ent
normally charged, The cost tO the CIty~ Je~fer~6n~]i~)~ ~tt') be ~0thi~ng
es stated tn the previous quotation 6rom ~he State Ia, ~nd fr°m the ~esolution
~hi~ wo~)d be requested of the Council.~'
speaking: ~Are there any other con--ants?~
Hr. Lenny Speaking: ))Thls is E. K. Lan,y, of 2h Enright, replyln~ tO the
remark that was just made. i have never kno~vn in my lifetime anybody that
ever received anything for noth)ng. Sooner or later ¥o~'ve got to pay the
flddler. !~S as old as e~¥ ~an tn this room. The thing has been approach(rd
and )ts be)n9 d°neoth&rv~)se other places ~):h government mo~i.~¥. I thin~k
free enter~r[ze, I think freed~ of thought and freed~ o6 right a~ freedom
of o~ersh~p still reStS ;)n ~er)ca end I do ~t th~nk ~ have that m~ny
p~Ople )n the City of Jeffersonv)l)~ that n~eds this k(nd o~ housing.'
[ir. ftgGill speaking: ~'Are ther~e an)' ~other comments?~' 'Any other disc~)Sslon?'
If not, then I dec,are the meeting ~qdjot~b(.:d.~