02/24/92 Board of Public Works Minutes

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REGULAR MEETING FEBRUARY 24, 1992 the Board that the Agreement submitted today for consideration is between the City, acting through its Department of Economic Development and the Neighborhood Business Development Corporation. Ms. Townsend noted that this Agreement sets up the guidelines for the NBDC Commercial Revolving Loan Fund for 1992 through 1994 and there are very little changes from the previous guidelines. Ms. Townsend also noted that the Agreement explains the loan limits, how the loans work and who is eligible for a loan as well as other items that need to be addressed in this process. Mr. Caldwell made a motion that the Agreement be approved and executed. Mrs. DeClercq seconded the motion which carried. APPROVE AGREEMENT FOR STAFF SUPPORT - NEIGHBORHOOD BUSINESS DEVELOPMENT CORPORATION Mr. Leszczynski noted that the Board is in receipt of an Agreement for Staff Support between the Neighborhood Business Development Corporation and the City of South Bend through the Board on behalf of the Economic Development Department. It is noted that the term of this Agreement is January 1, 1992 to and including December 31, 1992 and is in the amount of $10,000.00. In response to Mr. Leszczynski's inquiry, Ms. Marcia Townsend, Department of Economic Development, advised that several individuals in the Department provide services such as bookkeeping and financial program management. Mrs. DeClercq made a motion that the Agreement be approved and executed. Mr. Caldwell seconded the motion which carried. APPROVE AMENDMENT TO COMMITMENT LETTER - SECURITY PACIFIC LEASING Board Attorney Mary H. Mueller informed members of the Board that Security Pacific Equipment Leasing, Inc., Four Embarcadero Center, Suite 1200, San Francisco, California, has submitted an Amendment to a Commitment Letter which was executed on October 25, 1991. The purpose of this Amendment is to extend the commitment period to March 31, 1992 because the City has not yet received the dump trucks that have been ordered. Apparently there were some problems that created a delay in delivery. Therefore, Mrs. DeClercq made a motion that the Amendment be approved and executed. Mr. Caldwell seconded the motion which carried. APPROVE CHANGE ORDER NO. 1 (FINAL) AND PROJECT COMPLETION AFFIDAVIT - SOUTH BEND AVENUE SEWER LATERAL PROJECT Mr. Leszczynski advised that DeWulf and Sons, P.O. Box 792, South Bend, Indiana, has submitted Change Order No. 1 (Final) indicating that the Contract amount be increased by $1,188.00 for a new Contract sum including this Change Order in the amount of $7,538.00. Additionally submitted was the Project Completion Affidavit indicating this new final cost. Upon a motion made by Mrs. DeClercq, seconded by Mr. Caldwell and carried, Change Order No. 1 (Final) and the Project Completion Affidavit were approved, the previously submitted Letter of Credit which was submitted in lieu of a Performance Bond was released and the Maintenance Bond as submitted was accepted for filing. APPROVE PROJECT COMPLETION AFFIDAVIT - TEMPORARY PROTECTION OF MAIN STREET ROW BUILDING Mr. Leszczynski advised that Gibson -Lewis, Inc., 1011 West llth Street, P.O. Box 488, Mishawaka, Indiana, has submitted the Project Completion Affidavit for the above referred to project indicating a final cost of $4,640.00. Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq and carried the Project Completion Affidavit was approved and executed.