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382 <br />REGULAR MEETING <br />NOVEMBER 26, 1990 <br />The regular meeting of the Board of Public Works was convened at <br />9;37 a.m. on Monday, November 26, 1990, by Board President John <br />E. Leszczynski, with Mr. Leszczynski, Mrs. Patricia E. DeClercq <br />and Ms. Katherine Humphreys present. Also present was Chief <br />Assistant City Attorney Jenny Pitts Manier. <br />AGENDA ITEM ADDED <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, Change Order No. 1 (Final) and the Project <br />Completion Affidavit for the Howard Park Wall Project was added <br />to the agenda. <br />APPROVE MINUTES OF PREVIOUS MEETING <br />Upon a motion made by Mrs. DeClercq, seconded by Ms. Humphreys <br />and carried, the minutes of the November 19, 1990, regular <br />meeting of the Board were approved. <br />APPROVE FIRST MODIFICATION OF LOAN AGREEMENT AND FIRST REVISION <br />OF TERM NOTE DATED SEPTEMBER 1, 1987- SIBLEY MACHINE & FOUNDRY <br />CORPORATION <br />Mr. Leszczynski advised that the Board is in receipt of the First <br />Modification of Loan Agreement and the First Revision of Term <br />Note Dated September 1, 1987, by and between Sibley Machine & <br />Foundry Corporation and the City of South Bend by the Board of <br />Public Works on behalf of the Economic Development Department. <br />Ms. Marcia Townsend, Department of Economic Development, <br />addressed the Board and advised that these documents change <br />payments due from annual payments to monthly payments. Ms. <br />Townsend noted that these Agreements relate to Industrial <br />Revolving Loan funds. It was further noted that the monthly <br />payments now due are in the amount of $2,309.96 and that the <br />total amount of the loan is $143,431.84 at an interest rate of <br />five per cent (50) for a term of six (6) years with maturity in <br />three (3) years. <br />Mrs. DeClercq made a motion that the Agreements as submitted be <br />approved and executed. Ms. Humphreys seconded the motion which <br />carried. <br />APPROVE PROJECT COMPLETION AFFIDAVIT - PARKING LOT, LANDSCAPING <br />AND LIGHTING - EAST RACE PARK NO. II PROJECT <br />Mr. Leszczynski stated that Michiana Paving & Excavating, Inc., <br />705 South Beiger Street, Mishawaka, Indiana, has submitted the <br />Project Completion Affidavit for the above referred to project <br />indicating a final cost of $132,850.01. Upon a motion made by <br />Ms. Humphreys, seconded by Mrs. DeClercq and carried, the Project <br />Completion Affidavit was approved and the required three-year <br />Maintenance Bond as submitted was filed. <br />APPROVE CHANGE ORDER NO 1 (FINAL) AND PROJECT COMPLETION <br />AFFIDAVIT - WASHINGTON - NILES TO HILL PROJECT <br />Mr. Leszczynski indicated that Michiana Paving & Excavating, <br />Inc., 705 South Beiger Street, Mishawaka, Indiana, has submitted <br />Change Order No. 1 (Final) indicating that the Contract amount be <br />increased by $5,260.27 for a new Contract sum including this <br />Change Order in the amount of $181,229.37. Additionally <br />submitted was the Project Completion Affidavit indicating this <br />new final cost. <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, Change Order No. 1 (Final) and the Project <br />Completion Affidavit were approved and the required three-year <br />Maintenance Bond as submitted was filed. <br />I <br />1 <br />