05/31/88 Board of Public Works Minutes

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REGULAR MEETING MAY 31, 1988 APPROVE AMENDED IRREVOCABLE LETTER OF CREDIT NO. S-8658 - CROSS CREEK, INC. Mr. Michael P. Meeks, Director, Division of Engineering and Mr. Melvin B. Humphrey, Bureau of Design and Construction, submitted to the Board Amended Irrevocable Letter of Credit No. S-8658 from Cross Creek, Inc. on behalf of the City of South Bend as their guarantee to complete construction of all public improvements (street light - paving, etc.) within the limits of Phase I Cross Creek Estates. Mr. Meeks and Mr. Humphreys further advised that this acceptance makes adjustments for portions of improvements already in place and will allow progress to take place orderly within the subdivision. The Amended Irrevocable Letter of Credit No. S-8658 in the amount of $30,030.20 with an expiration date of November 30, 1988 issued by Trustcorp Bank, South Bend, P.O. Box 6, South Bend, Indiana indicates that Trustcorp amends Irrevocable Letter of Credit No. S-8658 as follows: 1. Amount shall be $30,030.20 instead of $72,111.00 2. Expiry shall be November 30, 1988 instead of May 31, 1988. 3. Statement purportedly signed by an official of the City Engineers office should now certify that, "Cross Creek, Inc. has failed to complete sidewalks and asphalt base repair as deemed necessary on Eagle Point Drive at Cross Creek Estates, Phase I. 4. Drawings may be up to an aggregate amount but not to exceed $30,030.20. Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq and carried, the amended Irrevocable Letter of Credit No. S-8658 was accepted and approved. DENY PETITION FOR RESTRICTED RESIDENTIAL PARKING ZONE - 1500-1800 BLOCKS HOOVER AVENUE Mr. Leszczynski advised that pursuant to the Petition for the Establishment of a Restricted Residential Parking Zone in the 1500-1800 blocks of Hoover Avenue as submitted to the Board on February 8, 1988, the Bureau of Traffic and Lighting has now submitted its recommendation. Mr. Leszczynski stated that the Bureau of Traffic and Lighting has advised that the study conducted revealed that the ordinance requirements have not been met for the establishment of a restricted residential parking zone and therefore the Petition must be denied. Mr. Leszczynski further advised that the study indicated that the percentage of non-resident vehicle usage was twenty-seven per cent (27%) and meets the ordinance requirements but total percentage of occupancy was an average of thirty-five per cent (35%) which does not meet the seventy-five per cent (75%) requirement. Mr. Leszczynski stated that the ordinance requirements regarding establishment of a restricted residential parking zone are very specific and the Board has no leeway in this matter. Mr. Leszczynski summarized the traffic study conducted on March 24, 1988 and indicated that out of the forty-nine (49) parking spaces available, the most number of vehicles filling those spaces was twenty-four (24) vehicles at 1:00 P.M. Therefore, upon a motion made by Ms. Humphreys, seconded by Mrs. DeClercq and carried, the recommendation as submitted by the Bureau of Traffic and Lighting was accepted and the Petition denied.