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140 <br />REGULAR MEETING MAY 15, 1989 <br />WHEREAS, the City desires to appoint First Interstate Bank of <br />Northern Indiana, N.A., South Bend, Indiana (the "Bank"), to act <br />as escrow trustee and to deposit the Defeasance Amount with the <br />Bank as escrow trustee for the payment of principal and interest <br />on the 1971 Bonds as they come due; and <br />WHEREAS, a proposed Escrow Trustee Agreement has been filed <br />with the Board of Public Works for its approval, a copy of which <br />is attached hereto and marked as Exhibit "A". <br />NOW THEREFORE BE IT RESOLVED, by the Board of Public Works as <br />follows: <br />1. The Bank is hereby appointed as escrow trustee for the <br />proposed Escrow Trustee Agreement. <br />2. The proposed Escrow Trustee Agreement attached as <br />Exhibit "A" is hereby approved in the form presented <br />to this meeting, with any changes in such Escrow <br />Trustee Agreement to be approved by the Mayor and <br />Clerk of the City, such approval to be conclusively <br />evidenced by their execution of such Escrow Trustee <br />Agreement. <br />3. The Clerk of the Board of Public Works is directed to <br />present said Escrow Trustee Agreement to the Mayor <br />and City Clerk for their execution. <br />ADOPTED AND APPROVED at a regular meeting of the South Bend <br />Board of Public Works held on the 15th day of May, 1989 at the <br />Board of Public Works Meeting Room, 1300 County -City Building,. <br />South Bend, Indiana 46601. <br />CITY OF SOUTH BEND BOARD OF PUBLIC WORKS <br />By: s/John E. Leszczynski, President <br />s/Patricia E. DeClercq <br />s/S. Katherine Humphreys <br />ATTEST: <br />s/Sandra M. Parmerlee, Clerk <br />APPROVE PURCHASE AGREEMENT - SALE OF CITY -OWNED PROPERTY AT 1210 <br />MC CARTNEY <br />Mr. Leszczynski advised that in accordance with the bid awarded <br />on April 24, 1989, for the purchase of the City -owned lot at 1210 <br />McCartney in the amount of $410.00 to Mr. David M. Golob, 1222 <br />McCartney, South Bend, Indiana, the Purchase Agreement was being <br />submitted at this time for Board approval. Upon a motion made by <br />Mr. Leszczynski, seconded by Ms. Humphreys and carried, the <br />Purchase Agreement was approved and the matter referred to the <br />City Attorney's office for drafting of the appropriate Quit -Claim <br />Deed. <br />APPROVE EASEMENT AGREEMENT - INDIANA MICHIGAN POWER COMPANY <br />Mr. Michael P. Meeks, Director, Division of Engineering, advised <br />that due to the construction that has been taking place on Miami <br />Road, Indiana and Michigan Power Company has had to move some of <br />its power lines. Indiana and Michigan Power Company has now <br />requested an easement on City property in order that they can <br />relocate their poles. It was noted that by the Distribution <br />Easement submitted to the Board today, the City grants to Indiana <br />Michigan Power Company a 135 foot (east and west) by 67 foot <br />(north and south) easement located within a 4.70 acre+ parcel <br />beginning at a point approximately 380 feet south and 30 feet <br />west of the intersection of Ireland Road and Miami Road. <br />1 <br />1 <br />1 <br />