11/13/01 Board of Public Works Minutes

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is V REGULAR MEETING ,3 RESOLUTION NO.64-2001 NOVEMBER 13, 2001 A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA RATIFYING, CONFIRMING AND APPROVING AGREEMENT RELATED TO THE UNDERWRITERS LABORATORIES, INC. EXPANSION PROJECT WHEREAS, the City of South Bend, Indiana (the "City") has determined that the retention and expansion of Underwriters Laboratories, Inc. ("UL") located within the City is in the best interests of the City; and WHEREAS, the Business Development Corporation of South Bend, Mishawaka, St. Joseph County, Indiana ("BDC"), an Indiana not -for -profit corporation has expressed a desire to invest in the economic development of the City by assisting UL in its current and future development plans in order to facilitate UL's expansion within the City of South Bend ("Project"); and WHEREAS, in order to facilitate the retention of UL's existing business and provide for the expansion of UL, City and BDC have agreed that the City shall encourage BDC's investment in the City of South Bend as related to the Project by making a grant of funds to BDC; and WHEREAS, the City believes that the Project as described in the Agreement is in the best interests of the health, safety and the social and economic welfare of the City and its residents and that the Project complies with federal, state and local laws under which the Project has been undertaken and is being assisted; and WHEREAS, BDC and the City have memorialized their intentions and understanding in a contract entitled "Agreement" and dated November 5, 2001; and WHEREAS, pursuant to Indiana Code § 36-4-5-3, the Mayor for the City of South Bend is empowered to sign contracts of the City; and WHEREAS, in order to facilitate the Project, the Mayor has heretofore executed the Agreement on behalf of the City pursuant to I.C. § 36-4-5-3; and WHEREAS, the Board of Public Works desires to ratify the Agreement; NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana as follows: 1. The actions taken by the Mayor of the City of South Bend relating to the Project, including the execution of the Agreement on behalf of the City are hereby in all respects ratified, confirmed and approved. 2. This Resolution shall be in full force and effect after its adoption by the Board of Public Works. ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana held on November 13, 2001 at 1300 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND BOARD OF PUBLIC WORKS s/Gary A. Gilot, President s/Donald E. Inks, Member 1 1