06/30/97 Board of Public Works Minutes

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275 REGULAR MEETING JUKE 30, 1997 APPROVAL OF INDEMNIFICATION AGREEMENT - CROWE CHIZEK & COMPANY Upon a motion made by Mr. Caldwell, seconded by Mr. Littrell and carried, an Indemnification Agreement was approved, for the use of 330 East Jefferson Boulevard in conjunction with the Ethnic Festival, to be held on July 4, 5 and 6, 1997. APPROVAL OF AMENDMENT TO AGREEMENT - EMERGENCY MEDICAL SERVICES Mr. Caldwell stated that the Board is in receipt of an Agreement between the City of South Bend and the University of Notre Dame, Notre Dame, Indiana, to extend the Emergency Medical Services Agreement through September 30, 1997. Therefore, upon a motion made by Mr. Caldwell, seconded by Mr. Littrell and carried, the Amendment to the Agreement was approved and executed. APPROVE COMMUNITY DEVELOPMENT CONTRACT The following Community Development Contract was presented to the Board for approval: South Bend Heritage $150,000 Renovation of the 800 block Foundation of Lincolnway West, through acquisition, demolition and rehab of properties Upon a motion made by Mr. Littrell, seconded by Mr. Caldwell and carried, the above referred to Contract was approved and executed. APPROVAL OF AGREEMENT - NEIGHBORHOOD YOUTH GRANT PROGRAM Mr. Caldwell stated that the Board is in receipt of an Agreement between the City of South Bend and the Community Kids Network of Edison Middle School, for the purchase of materials and supplies for the purpose of having ten (10) cultural workshops. Mr. Caldwell noted that the Agreement is in the amount of $2,000.00. Therefore, upon a motion made by Mr. Littrell, seconded by Mr. Caldwell and carried, the Agreement was approved and executed. ADOPT RESOLUTION NO. 52-1997 - APPROVAL OF AN OFFICIAL STATEMENT RELATING TO THE ISSUANCE OF THE CITY OF SOUTH BEND, INDIANA, COUNTY ECONOMIC DEVELOPMENT INCOME TAX REVENUE BONDS OF 1997 AUTHORIZING THE DISTRIBUTION THEREOF, AND REGARDING OTHER RELATED MATTERS Upon a motion made by Mr. Littrell, seconded by Mr. Caldwell and carried, the following Resolution was adopted by the Board of Public Works: WHEREAS, the Common Council of the City of South Bend, Indiana, (the "City"), at a meeting on April 28, 1997, adopted Ordinance No. 8778-97 authorizing the issuance and sale of county economic development income tax revenue bonds in one (1) or more series in an aggregate principal amount not to exceed Eleven Million Nine Hundred Sixty Thousand and 00/100 Dollars ($11,960,000.00) (the "Bonds") in two series for the purpose of providing funds to pay for the costs of the construction and equipping of an above ground parking facility and a below ground parking facility which will provide approximately Six Hundred Eighty (680) parking spaces and approximately Eleven Thousand (11,000) square feet of retail space, improvements to the surface parking lot located at the southwest corner of the intersection of Michigan and Washington Streets, and public improvements including sidewalks and a public plaza in the block bounded by Michigan, Washington, Main Streets and Jefferson Boulevard (collectively, the `Project"); and WHEREAS, the Bonds will be sold by negotiated sale to First Chicago Capital Markets, Inc., acting on its behalf of three (3) other underwriters (collectively, the "Underwriter"), in two series with the aggregate principal amount of the Series A Bonds expected to equal approximately Six Million Two Hundred Twenty-five Thousand and 00/100 Dollars ($6,225,000.00) and the aggregate principal amount of the Series B Bonds expected to equal approximately Five Million Four Hundred Thousand and 00/100 Dollars ($5,400,000.00); and WHEREAS, a Preliminary Official Statement dated June 17, 1997 (the "Official Statement"), relating to the issuance of the Bonds has been prepared by Crowe, Chizek and Company LLP, as financial advisors to the City, which is in the form as presented to this meeting of the Board;