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364 <br />REGULAR MEETING <br />JUNE 27, 1994 <br />APPROVE COMMUNITY DEVELOPMENT CONTRACTS <br />The following Community Development Contracts were presented to <br />the Board for approval: <br />The targeted goal for this activity includes the development <br />of plan(s) of action for, and oversight of NNN human service <br />outreach, existing and planned housing development activities <br />and physical neighborhood improvements programs. The total <br />amount of this activity shall not exceed $15,000.00. <br />NEAR NORTHWEST NEIGHBORHOOD. INC. <br />NEAR NORTHWEST NEIGHBORHOOD INC. - NNN OFFICE REHAB <br />The targeted goal for this activity is to provide for <br />rehabilitation of the facility at 510 Cushing Street, <br />including exterior repairs/replacements and reasonable <br />modifications to facilitate handicapped accessibility. The <br />total amount of this activity shall not exceed $7,000.00. <br />DEPARTMENT OF CODE ENFORCEMENT <br />RECEIVERSHIP/REHAB LOAN ACTIVITY <br />The targeted goal for this activity is to maintain decent and <br />saife affordable rental property(ies) as qualified by the <br />Department of Neighborhood Code Enforcement and in accordance <br />with the program guidelines attached to the Contract. The <br />total amount of this activity shall not exceed $105,000.00. <br />Upon a motion made by Mr. Caldwell, seconded by Mrs. Manier and <br />carried, the above referenced Community Development Contracts were <br />approved and executed. <br />APPROVEIMUNICIPAL LEASE AND OPTIONS AGREEMENTS AND ADOPT <br />RESOLUTION NO. 27-1994 <br />Mr. Lestczynski noted that Mr. Jeff Rinard, Deputy City <br />Controller, submitted to the Board two (2) Municipal Lease and <br />Option agreements with Midwest Bankers Group, Inc., 9000 Keystone <br />Crossing, Suite 630, Indianapolis, Indiana, for the lease of <br />equipment which the City is currently purchasing. <br />The first Agreement contained a list of sixty-five (65) pieces of <br />equipment. The total gross lease amount is $655,295.70 with the <br />equipment amount being $552,897.00. Payments, beginning in <br />December of 1994, for a period of five (5) years, are to be <br />$65,529. 57. <br />The second Agreement was for one (1) table top inserter and one <br />hundred ten (110) Club Car Golf Carts-1994. The total gross <br />amount rfor this Agreement is $315,683.76 with the equipment amount <br />being $ 83,000.00. Payments, beginning in December of 1994, for a <br />period of three (3) years, are to be $52,613.96. <br />Mrs. Maier made a motion that both Municipal Lease and Option <br />Agreements and Resolution No. 27-1994, which appears as Exhibit A <br />of the documents, be approved and executed. Mr. Caldwell seconded <br />the motion which carried and the following Resolution No. 27-1994 <br />was adopted: <br />RESOLUTION NO. 27-1994 <br />RESOLUTION OF GOVERNING BODY <br />EXTRACT OF MINUTES <br />LESSEE: City of South Bend <br />DATE OFIAGREEMENT: June 27, 1994 <br />