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1 <br />REGULAR MEETING AUGUST 8, 1994 <br />water on Locust Road. Any improvements resulting from this study <br />would improve the possibility of the economic development of the <br />corridor as well as provide for the safety and welfare of the <br />general public as well as residents in the area. This study will <br />be completed for a lump sum fee of $9,600.00. Mr. Caldwell made a <br />motion that this Proposal be approved. Mrs. Manier seconded the <br />motion which carried. <br />- NO.S-9113 - CROSS CREEK, INC. - PHASE III, SECTION SIX (6) <br />- NO. 941 - BO-LAND DEVELOPMENT CORPORATION - PHASE I - OAKWOOD <br />VILLAS <br />Mr. Larry D. Spradlin, Sr., Engineer, Division of Engineering, <br />submitted the following Irrevocable Standby Letters of Credit to <br />the Board and recommended approval: <br />IRREVOCABLE STANDBY LETTER OF CREDIT NO. S-9113 <br />ISSUED BY: <br />Society National Bank, Indiana <br />P.O. Box 6 <br />South Bend, Indiana 46624-0006 <br />FOR: <br />CROSS CREEK, INC. <br />828 East Jefferson Boulevard <br />South Bend, Indiana <br />AMOUNT: <br />$189,875.00 <br />EXPIRES: <br />September 13, 1994 <br />IMPROVEMENT: <br />Storm sewers, retention pond, sanitary sewers, <br />water mains, streets, curbs and gutters, base <br />coat, final surface coat and sidewalks in the <br />proposed Phase III, Section Six (6) of the <br />Cross Creek Subdivision. <br />IRREVOCABLE STANDBY LETTER OF CREDIT #941 - REPLACES LETTER <br />OF CREDIT NO. 891 <br />ISSUED BY: Valley American Bank <br />P.O. Box 328 <br />South Bend, Indiana <br />FOR: BO-LAND DEVELOPMENT CORPORATION <br />2309 Council Oak Drive <br />South Bend, Indiana 46628 <br />AMOUNT: $17,615.40 <br />EXPIRES: July 1, 1995 <br />IMPROVEMENT: Sidewalks, erosion control and seeding in <br />Phase I, Oakwood Villas Subdivision, Portage <br />Road at Boland Drive <br />Mr. Leszczynski made a motion that the Letters of Credit, as <br />outlined above, be approved. Mr. Caldwell seconded the motion <br />which carried. <br />APPROVE CONSTRUCTION CONTRACT - SIDEWALK & CURB REPAIRS - FIRE <br />STATION NO. 4 <br />Mr. Leszczynski advised that in accordance with the bid awarded on <br />August 1, 1994, to Marvin A. Crayton Construction Company, Inc., <br />305 South Lake Street, South Bend, Indiana, in the amount of <br />$19,287.23 for the above referred to project, a Contract in said <br />amount was being submitted for Board approval. Upon a motion made <br />by Mr. Caldwell, seconded by Mrs. Manier and carried, the Contract <br />was approved. <br />AWARD BID - ENGINEERING COPIER <br />Mr. Larry D. Spradlin, Engineer, Division of Engineering, advised <br />