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41 <br />1 <br />1 <br />REGULAR MEETING <br />APPROVE AGREEMENT <br />C <br />Ms. Betsy Harriman, Office of Community Development, submitted to <br />the Board for approval an Agreement for Staff Support between the <br />Neighborhood Business Development Corporation, Inc., and the City <br />of South Bend by and through its Board of Public Works on behalf <br />of its Economic Development Department whereby the NBDC will pay <br />to the City the amount of ten thousand dollars ($10,000.00) for <br />staff support for calendar year 1989. Ms. Harriman stated that <br />the City has been providing this service for three (3) years and <br />it is necessary as the Business Development Corporation does not <br />have the staff to do the work necessary. She further stated that <br />the support provided is basically accounting work. Upon a motion <br />made by Mrs. DeClercq, seconded by Mr. Leszczynski and carried, <br />the Agreement was approved and executed. <br />JANUARY 9, 1989 <br />R STAFF SUPPORT - NEI <br />BUSINESS <br />PMENT DEPAR <br />APPROVE MODIFICATION OF STIPULATION AND AGREEMENT - SIBLEY <br />MACHINE AND FOUNDRY <br />Assistant City Attorney Marva Leonard -Dent advised the Board that <br />on November 22, 1988, the Board executed a Stipulation and <br />Agreement in the Sibley Machine and Foundry bankruptcy matter. <br />Submitted today is a modification of that Stipulation and <br />Agreement which was required because of objections by the <br />Official Creditors Committee to one of the provisions in the <br />original Agreement. The modification now requires that in the <br />event of default by Sibley, the City must petition the Court for <br />relief from the automatic stay imposed as a result of the <br />bankruptcy proceedings. Upon a motion made by Mrs. DeClercq, <br />seconded by Mr. Leszczynski and carried, the Modification as <br />submitted was approved and executed. <br />APPROVE EXTRA WORK AGREEMENTS AND CHANGE ORDER - LOGAN STREET <br />WIDENING PROJECT <br />Submitted to the Board for approval were the following Extra <br />Work Agreements and Change Order for the Logan Street Widening <br />Project: <br />Extra Work Agreement $9,784.65 <br />(power cable, strain pole, bolts, foundation) <br />Change Order (decrease) - $9,346.25 <br />Extra Work Agreement $ 50.00 <br />(delineator post) <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, the above referred to Extra Work Agreements and <br />Change Order as submitted were approved and executed. <br />APPROVE IRREVOCABLE STANDBY LETTER OF CREDIT - NEIGHBORHOOD <br />HOUSING SERVICES <br />Mr. Melvin Humphrey, Bureau of Design and Construction, submitted <br />Irrevocable Standby Letter of Credit #703 from 1st Source Bank <br />for Neighborhood Housing Services of South Bend, Inc. on behalf <br />of the City of South Bend as guarantee to complete construction <br />of public improvements - curbs, treelawn and related work, by May <br />30, 1989. Mr. Humphrey further advised that the work to be done <br />is adjacent to 908-916 South Bend Avenue and this will allow the <br />recording of the subdivision plat prior to completion of the <br />improvements. Therefore, upon a motion made by Mr. Leszczynski, <br />seconded by Mrs. DeClercq and carried, the Letter of Credit as <br />submitted was accepted and approved. <br />REQUEST OF MICHIANA WATERSHED, INC. TO CONDUCT 19TH ANNUAL RIVER <br />RUN - MAY 13, 1989 - REFERRED <br />In a letter to the Board, Mr. William K. Wright, Acting Race <br />Chairman, advised that he is requesting on behalf of Michiana <br />