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REGULAR MEETING SEPTEMBER 1, 1987 <br />1. TOWER FEDERAL SAVINGS BANK $12,381.27 <br />2. 1ST SOURCE BANK $33,170.93 <br />3. FIRST INTERSTATE BANK $ 7,805.71 <br />4. ST. JOSEPH BANK & TRUST $17,604.55 <br />5. VALLEY AMERICAN BANK $12,190.39 <br />6. SUMMIT BANK OF SOUTH BEND $ 205.89 <br />Upon a motion made by Mr. Vance, seconded by Mr. Leszczynski and <br />carried, the above Contracts were approved and executed. <br />APPROVE CONSTRUCTION CONTRACT - INDIANA AVENUE/MASTIC CORPORATION <br />PROJECT <br />Mr. Leszczynski advised that in accordance with the bid awarded <br />on July 28, 1987, to Rieth Riley Construction, 24355 State Road <br />23, P.O. Box 1775, South Bend, Indiana, in the amount of <br />$143,992.00 for the above referred to project, a Contract in said <br />amount was being submitted for Board approval. Upon a motion <br />made by Mr. Leszczynski, seconded by Mr. Vance and carried, the <br />Contract was approved and the appropriate Insurance, Performance <br />Bond and Labor and Materials Payment Bond as submitted were <br />filed. <br />APPROVE CONSTRUCTION CONTRACT - VIRIDIAN DRIVE PHASE III PROJECT <br />Mr. Leszczynski advised that in accordance with the bid awarded <br />on August 24, 1987, to Rieth Riley Construction Company, Inc., <br />P.O. Box 1775, South Bend, Indiana, in the amount of $107,215.84 <br />for the above referred to project, a Contract in said amount was <br />being submitted for Board approval. Upon a motion made by Mr. <br />Leszczynski, seconded by Mr. Vance and carried, the Contract was <br />approved and the appropriate Insurance, Performance Bond and <br />Labor and Materials Payment Bond as submitted were filed. <br />APPROVE RELEASE OF EASEMENT <br />Mr. Leszczynski advised that the City had obtained an easement <br />for sewage and drainage for the parcel of land situated in a part <br />of Area 1 as shown on the recorded replat of Belleville Unit "D", <br />an addition to the City of South Bend, Indiana. The Easement was <br />recorded on February 10, 1983. <br />Mr. Leszczynski further advised that because the City no longer <br />has any need for the Easement, the Release is being submitted to <br />the Board today for approval. Upon a motion made by Mr. <br />Leszczynski, seconded by Mr. Vance and carried, the Release of <br />Easement was approved. <br />APPROVE PURCHASE AGREEMENT - SALE OF CITY -OWNED PROPERTY AT BOWEN <br />STREET <br />Mr. Leszczynski advised that pursuant to the July 28, 1987 Board <br />award and approval of the sale of the City -owned property at <br />Bowen Street to Erskine Plaza Associates, 227 South Main Street, <br />South Bend, Indiana, said offer to purchase submitted by Mr. <br />Christopher Davey, Managing Partner and Robert Dunbar, Jr., <br />Development Director, the appropriate Purchase Agreement has been <br />prepared by the City Attorney's office, has been executed by <br />Erskine Plaza Associates and is being submitted to the Board for <br />approval and execution. <br />Upon a motion made by Mr. Leszczynski, seconded by Mr. Vance and <br />carried, the Purchase Agreement as submitted was approved and <br />executed. <br />APPROVE POLICY ON PLACEMENT OF SIGNS <br />Mr. Leszczynski advised that Mrs. Patricia E. DeClercq, Director, <br />Department of Code Enforcement, has submitted to the Board a <br />Memorandum reminding the Board that on March 17, 1987, they <br />