City Council Minutes 1983 01 18 - Laserfiche WebLink

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1/18/83 Page -10- Councilman Leary Commented since the partnership is gaining some economic advantage by the City approv- in the IRB's and essentially giving a state- ment of faith in the partnership, he felt if would be appropriate if Mr. Bellock named the persons who made up the partnership. Bellock replied essentially him as general partner of Regal Associates, Dr. David Hibbard and a group of financial backers associated with him, and Dr. Michael Fukai. Mayor Meier continued the public hearing - asked if there was anyone present favoring Resolution #2. None. Anyone in opposition - None Council comments - None Mayor Meier closed the public hearing. RESOLUTION #2 - LOUISVILLE MEDICAL ASSOCIATES - INDUSTRIAL REVENUE BONDS ADOPTED Councilwoman Morris moved, Councilman Cum- mings seconded that Resolution #2 - Louis- ville Medical Associates - Industrial Revenue Bonds be adopted. Roll call vote. Leary Yes Fauson Yes Ferrera Yes Meier Yes Cussen Yes Cummings Yes Morris Yes Motion carried unanimously. JACOBS/KAHAN - REPORT ON BANKRUPTCY STATUS Attorney Rautenstraus advised he had some contact with the Federal Court in Chicago and requested they send us copies of all the documents. We are also compiling all the documents 'W'e have involving the group and are reviewing them. Council will be kept up-to-date of anything that transpires that is pertinent to the matter. Councilman Leary Inquired if the City had received payment from the Interchange Agreement. Administrator ~url stated - we have not, but that he had met with John Alshuler who in- formed him that the check had been cut and we should have it within the next few days. On the other check for the additional $25,000, he was awaiting documentation from us certifying that the matching funds were isolated at the bank. This documentation had been sent to him.