09/12/88 Board of Public Works Minutes

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REGULAR MEETING SEPTEMBER 12, 1988 1 1. Midwest Collection Services, Inc. is Michiana's largest collection agency having been in business for twenty- seven (27) years and employs twenty-three (23) people. Midwest pursues the collection of accounts in adherence to all federal and state laws. Midwest utilizes letters, the telephone and the courts in the pursuance of debtors and adheres to the highest standard of professionalism. 2. The Proposal indicates that Midwest will utilize the law firm of Krisor and Nusbaum. An Addendum to the Proposal indicates that they desire to change the law firm and that they will utilize Attorney Richard Zimmerman. 3. Midwest Collection Service, Inc. collects directly in the northern half of Indiana and the southwestern portion of Michigan. They are licensed and bonded in both states, carrying a $5,000.00 bond with each state. Copies of the collection agency license were enclosed for each state. Midwest belongs to the Indiana Collectors Association, the American Collectors Association and the American Commercial Collectors Association with affiliation throughout the free world. Midwest can transfer accounts to over 3700 collection agencies throughout the world. 4. Midwest's rates would be forty per cent (40%) for accounts under six (6) months old, fifty per cent (50%) for accounts older than six (6) months and fifty per cent (50%) for suit or transfer. 5. All monies would be remitted monthly. 6. As Midwest is a completely automated collection agency, progress reports will be submitted upon request. Upon a motion made by Mr. Leszczynski, seconded by Ms. Humphreys and carried, the above Proposals were referred to the Department of Code Enforcement for review and recommendation. APPROVE AMENDED IRREVOCABLE LETTER OF CREDIT - CROSS CREEK, INC. Mr. Leszczynski advised that as some improvements have been completed by Cross Creek, Inc. their Letter of Credit is being reduced at this time from $352,000.00 to $101,265.00. Therefore, Mr. Michael P. Meeks, Director, Division of Engineering and Mr. Melvin B. Humphrey, Bureau of Design and Construction, submitted to the Board for acceptance an Amended Irrevocable Letter of Credit #S-8702 from Trustcorp Bank in the amount of $101,265.00, for the account of Cross Creek, Inc., South Bend, Indiana on behalf of the City as their guarantee to complete construction of all public improvements (street light, paving, etc.) within the limits of Cross Creek Estates by November 18, 1988. They 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. Upon a motion made by Ms. Humphreys, seconded by Mr. Leszczynski and carried, the Amended Irrevocable Letter of Credit as submitted was accepted and approved. FILING OF PUBLIC DISCLOSURES OF A DETERMINATION OF CONFLICT OF INTEREST Mr. Leszczynski advised that the Board is in receipt of three (3) letters from Mr. Jon R. Hunt, Executive Director, Department of Economic Development, regarding Disclosures Under 24 CFR 570.611. The letters, to be received and filed at a public meeting of the Board of Public Works of the City of South Bend, Indiana, will