03/25/91 Board of Public Works Minutes

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9 REGULAR MEETING MARCH 25, 1991 Engineering Expenses pursuant to IC 36-7-14-21(d); and WHEREAS, the South Bend Redevelopment Authority (the "Authority") recently issued its Four Million Two Hundred Thousand Dollars ($4,200,000) aggregate principal amount of South Bend Taxable Redevelopment Authority Lease Rental Revenue Bonds (Airport Economic Development Area Public Improvement Project), originally dated January 1, 1991, and its Two Million Three Hundred Fifty -Five Thousand Dollars ($2,355,000) aggregate principal amount of South Bend Redevelopment Authority Lease Rental Revenue Bonds (Airport Economic Development Area Public Improvement Project), originally dated March 1, 1991 , the proceeds of which are to be used to reimburse the Commission for Engineering Expenses incurred and to pay for remaining Engineering Expenses as well as to complete other public improvements for the Airport Economic Development Area Public Improvements Project; and WHEREAS, the Board hereby determines that it is in the best interests of the City of South Bend that the Engineering Expenses be paid from the proceeds of the Authority Bonds and that the Board assign its interests in the Engineering Contracts previously entered into by the Board to the Authority. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SOUTH BEND BOARD OF PUBLIC WORKS THAT: 1. The Board hereby assigns all of its rights, interests and obligations to and under the contracts between the Board and Clyde E. Williams & Associates, Inc., Cole Associates, Inc., and Ken Herceg & Associates, Inc. to the Authority, which contracts are attached hereto as Exhibit A. 2. This Resolution shall be in full force and effect from and upon compliance with the procedures required by law. ADOPTED at a meeting of the City of South Bend Board of Public Works held the 25th day of March, 1991, in the Board of Public Works Meeting Room located on the Thirteenth (13th) Floor of the County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND BOARD OF PUBLIC WORKS By: s/John E. Leszczynski By: s/Patricia E. DeClercq By: s/S. Katherine Humphreys ATTEST: s/Sandra M. Parmerlee, Clerk APPROVE COMMUNITY DEVELOPMENT ADDENDA The following Community Development Addenda were presented to the Board for approval: ADDENDUM II LOAN SALE AND ASSIGNMENT AGREEMENT Addendum II extends this Contract until December 31, 1993. ADDENDUM III HOUSING REHABILITATION FUND ACTIVITY Addendum III adds Davis -Bacon compliance statement to the Contract. Upon a motion made by Mrs. DeClercq, seconded by Ms. Humphreys and carried, the above referred to Addenda were approved and executed.