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NEWINa <br />Ol -d <br />REGULAR MEETING <br />MARCH 21, 1988 <br />The regular meeting of the Board of Public Works was convened at <br />9:36 a.m. on Monday, March 21, 1988, by President John E. <br />Leszczynski, with Mr. Leszczynski, Mrs. Patricia E. DeClercq <br />and Ms. Katherine Humphreys present. Also present was Chief <br />Deputy City Attorney Thomas Bodnar. <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 March 14, 1988, regular meeting <br />of the Board were approved. <br />APPROVE COMMUNITY DEVELOPMENT CONTRACT <br />The following Community Development Contract was presented to the <br />Board for approval: <br />ORIC PRESERVATION COMMISSION OF SOUTH BEND <br />HISTORIC PRESERVATION ADMINISTRATION ASSISTANT ACTIVITY <br />The goal of this project is to enable The Historic <br />Preservation Commission to expand its activities throughout <br />the City. These activities include: <br />1. Assistance in obtaining neighborhood historic district <br />designations; <br />2. Provide technical assistance on the implications of <br />Multiple Resource District designation; <br />3. Disseminate information on economic benefits of <br />preservation; <br />4. Devise a comprehensive plan to use the City survey most <br />effectively and efficiently; <br />5. Conduct reviews of federally funded projects; <br />6. Technical assistance to the Community Development <br />planning staff and recipients of C.D. funds as <br />requested. <br />The total cost of this activity shall not exceed $7,000.00 <br />for personnel costs. <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, the above referred to Contract was approved and <br />executed. <br />ADOPT RESOLUTION NO. 7-1988 - TAX ANTICIPATION TIME WARRANTS <br />Ms. Katherine Humphreys, Director, Administration and Finance, <br />submitted to the Board for adoption Resolution No. 7-1988. Ms. <br />Humphreys stated that the Resolution basically refers to the <br />ordinance that was passed by the Common Council on March 14, 1988 <br />authorizing the City to borrow in anticipation of taxes to be <br />received in mid -April. She further advised that the Resolution <br />authorizes the Invitation for Proposals and approval of the <br />Official Statement that will be sent out to approximately fifteen <br />(15) potential lending agencies. <br />In response to Mr. Leszczynski's pointing out that the Resolution <br />indicates three (3) different dollar amounts from three (3) <br />different funds and the Official Statement contains only two (2) <br />of those amounts and funds, Ms. Humphreys advised that the City <br />has been advised by its financial counselor that the City should <br />hold off on the $600,000 amount from the Park District Bond Fund <br />and therefore the Official Statement only covers the Park <br />Maintenance Fund and the General Fund. She stated that use of <br />the Park District Bond Fund will be negotiated separately if <br />required. <br />Mr. Leszczynski pointed out that the Resolution additionally <br />authorizes Springsted Incorporated to distribute the Official <br />Statement to those interested in purchasing the Warrants. <br />1 <br />1 <br />1 <br />