12/26/90 Board of Public Works Minutes

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REGULAR MEETING DECEMBER 26, 1990 entitled "A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA, DECLARING ITS INTENT TO ACQUIRE BY LEASE/PURCHASE A MUNICIPAL SERVICES FACILITY" (Resolution) in which it declared its determination to cause to have made certain improvements to certain City -owned property located at 1045 W. Sample Street, South Bend, Indiana, for the purpose of establishing a new municipal services facility to be owned and operated by the City of South Bend,; and WHEREAS, the Board further determined pursuant to said Resolution that the municipal services facility shall be acquired and constructed as follows: (a) By sale of the City -owned property at 1045 W. Sample Street, South Bend, St. Joseph County, being more particularly described as follows: A part of Parcel 2 in the "Inner Belt Industrial Park" a Subdivision in the Southeast and Southwest Quarters (1/4) of Section Eleven (11) and the Northeast Quarter (1/4) of Section Fourteen (14) all in Township Thirty-seven (37) North, Range Two (2) East, the Plat of which is recorded in Plat Book 21, page 1 in the Office of the Recorder of said County and State, which is more specifically described as follows: Beginning at a point 428.71 feet East of the Southwest corner of said Parcel 2; thence West 428.71 feet; thence North 743.76 feet; thence East 428.71 feet; thence South 745.03 feet to the place of beginning. to Liberty National Leasing Company, for improvements to be made thereon, which property and improvements to comprise the Municipal Services Facility to be leased back to the City. (b) By Lease/Purchase with Liberty National, pursuant to a Lease/Purchase Agreement (Lease) proposed to and filed with the Board this day, which Lease is incorporated herein by reference and made a part of this Resolution as fully as if set forth herein and the terms and conditions of which the Board hereby approves and accepts, subject to all requirements of I.C. 36-1-10; Provided: however, that the total facility cost as defined in the Lease, shall not exceed Two Million Dollars ($2,000,000.00). (c) By construction of certain improvements upon said real estate, including site development and appurtenances thereto, with the estimated cost of said improvements and appurtenances, together with architectural and engineering fees for said facility, being Eight Hundred Ninety -Five Thousand Dollars ($ 895,000.00);and WHEREAS, preliminary plans and specifications and estimates of the cost of the proposed work were submitted to, filed with, and adopted by the Board and have been made available for public inspection; and WHEREAS the Resolution provided for public hearing on December 26, 1990 at 3:00 p.m., at 1308 County -City Building, South Bend, Indiana, where all persons are entitled to be heard could address the Board as to whether the execution of the proposed Lease is necessary and whether the rental is fair and reasonable for the proposed structure; and WHEREAS, notice of the public hearing pursuant to I.C. 36-1-10-13, on the proposed Lease, was published one (1)