03/22/99 Board of Public Works Minutes

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A REGULAR MEETING MARCH 22,_1999 APPROVAL OF REQUEST TO CONDUCT PUBLIC AUCTION/AGREEMENT = UNCLAIMED PROPERTY - KASER' S AUCTION SERVICE - Mr. Caldwell stated that in a letter to the Board, Chief Richard Kilgore, Police Department, requested ,permission to conduct a public auction to dispose of unclaimed property as allowed by law. In addition, the Board is in receipt of an Agreement between the City of South Bend and Kaser's Auction Service, 67601.Pine Road, North Liberty, Indiana, to conduct the auction on Saturday, April 24, 1999, in the garage area at the rear of 701 West Sample; South Bend, Indiana. Mr. Caldwell noted that the Agreement is in the amount of eight (8) percent commission. Therefore, upon a motion made by Mr. Caldwell, seconded by Ms. -Roemer and carried, the Request to Conduct a Public Auction and the Agreement were approved and executed. ADOPT RESOLUTION NO. 14 - 1999 - AMENDING RESOLUTION 8-1.999 ENTITLED "A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE _CITY OF SOUTH BEND, WITH SAID BUILDING CORPORATION" Upon a motion made by Mr. Caldwell, seconded by Ms. Roemer and carried, the following Resolution was adopted by the Board of Public Works: RESOLUTION NO. 144999 A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA, AMENDING RESOLUTION 8-1999 ENTITLED "A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA, REGARDING THE SALE OF CERTAIN PROPERTY TO THE CITY OF SOUTH BEND BUILDING CORPORATION AND THE APPROVAL OF AN AGENCY AGREEMENT WITH SAID BUILDING CORPORATION" WHEREAS, the City of South Bend, Indiana (the "City" ), has previously executed a lease (the "Lease") whereby the City shall lease the proposed fire station to be constructed near the intersection of York and Jackson Roads in the City (the "Fire Station Project") and the Municipal Services Facility of the City located at 701 West Sample Street in the City (the "Services Building Project") (collectively, the "Project") from the City of South Bend Building Corporation (the 'Building Corporation"); and WHEREAS, construction of the Project is to be financed by the Building Corporation through the issuance of its first mortgage bonds; and WHEREAS, the City desires to sell the property upon which the Fire Station Project will be located and the Services Building to the Building Corporation, said property being described as set forth in the Lease (the "Property"); and WHEREAS, this Board of Public Works of the City of South Bend, Indiana, did previously adopt its Resolution Number 8-1999 regarding the sale of the Property to the City of South Bend Building Corporation and approving an agency agreement with said Building Corporation; and WHEREAS, Resolution 8-1999 ratified the appointment of Bernard Diedrich and Philip Krause as appraisers for purposes of appraising the Property; and WHEREAS, the appraisers have amended their appraisals which resulted in a change to the appraised value of the Property which is subject to the Lease; and WHEREAS, the average of the two revised appraisals is One Million Eight Hundred Seventy-eight Thousand and 00/100 Dollars ($1,878,000); and I—