09/15/87 Board of Public Works Minutes

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o REGULAR MEETING SEPTEMBER 15, 1987 Mr. Hunt advised that in the Fall of 1986, the Michiana Area Council of Governments (MACOG) conducted a survey of a seventeen (17) block area of downtown centering on the Michigan Street corridor which consists of eleven (11) blocks. The survey entailed the compilation of an inventory of spaces available and occupancy. They also developed a list of land uses in the area. The results indicated a 1,000 space deficit within the seventeen (17) block area and indicated that between now and the year 2000 approximately 3,300 parking spaces will be necessary to handle growth and development in downtown South Bend. Additionally, the staff of the Department of Economic Development developed a plan for the eleven (11) block area with the result being the proposed parking structure at the northwest corner of Wayne and St. Joseph Streets. Mr. Hunt stated that the proposed six (6) story parking structure will contain some retail space on the ground floor and that this project is necessary to stay ahead and compete with the county and surrounding cities. Mr. Hunt presented slides to the audience depicting a rendering of the proposed parking structure as well as existing parking supply/demand comparison charts. Mr. Hunt indicated that the two (2) parking garages operated by the City of'South Bend are occupied to capacity at this time. In conclusion, Mr. Hunt stated that the adoption of the Resolution submitted to the Board today will allow the Board of Public Works to move ahead and request Proposals and Qualifications for this project. He further stated that this project will be funded through a lease purchase arrangement. Mr. Leszczynski inquired of Mr. Hunt whether or not he was aware if there was an interest by financial institutions in providing a lease purchase arrangement and what were the chances of receiving requests to provide such an arrangement. Mr. Hunt advised that he has received several inquires and has been approached by a leasing and development firm in the state regarding this matter as well as other financial institutions in the state expressing interest in bidding on the project. Mr. Vance informed the Board that he has been working with Mr. Hunt on this project for some time and is confident that this project is something the City needs to proceed with in order to remain competitive and to draw businesses to South Bend. Therefore, upon a motion made by Mr. Vance, seconded by Mrs. DeClercq and carried, the following Resolution No. 24-1987 was adopted, the plats, descriptions, plans, drawings and estimates submitted by Mr. Hunt were accepted for filing and a Public Hearing date of September 29, 1987 at 9:30 a.m. was set: RESOLUTION NO. 24-1987 A RESOLUTION OF THE SOUTH BEND BOARD OF PUBLIC WORKS CONCERNING ACQUISITION AND CONSTRUCTION OF A PARKING FACILITY WHEREAS, at its regular meeting held September 9, 1987, the South Bend Board of Public Safety adopted Resolution No. 9-1987, a copy of which is attached hereto as Exhibit A and incorporated fully herein, approving recommendations of the South Bend Department of Economic Development and the Michiana Area Council of Governments concerning the general location, size, character of, and probable cost of acquiring and developing a certain needed parking facility in the central downtown area of the City of South Bend; and WHEREAS, the South Bend Board of Public Safety submitted those recommendations to the South Bend Common Council for acceptance or rejection; and