09/15/87 Board of Public Works Minutes

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REGULAR MEETING SEPTEMBER 15. 1987 WHEREAS, the Board of Public Works now wishes to take the necessary action to make it possible for the Board, in the future, to sell said parcels of real estate pursuant to State Statutes. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: That the parcels of real estate owned by the City contained in the following list are not necessary to the public use, are not set aside by State or City laws for public purposes, that the cost of maintain- ing said parcels equals or exceeds the estimated fair market value of said parcels and the highest and best use of said parcels is sale to an abutting landowner: ADDRESS: DEED NO. 1611 S. Fellows Street 732 1613 S. Fellows Street 819 ADOPTED this 15th day of September, 1987. BOARD OF PUBLIC WORKS s/John E. Leszczynski s/Patricia E. DeClercq s/Michael L. Vance ATTEST: s/Sandra M. Parmerlee, Clerk APPROVE AGREEMENT FOR SURVEYING OF THE WEST WASHINGTON-CHAPIN STREET REVITALIZATION PROJECT Mr. David Norris, Urban Planner, Community Planning and Development, Department of Economic Development, advised that the Agreement submitted to the Board today with Valley Engineering Consultants, Inc., 52303 Emmons Road, Suite 8, South Bend, Indiana, provides for the completion of a survey and base map of the area of the City in the vicinity of the intersection of Washington and Chapin Streets, the object of a project known as the West Washington -Chapin Street Revitalization Project. Mr. Norris indicated that the Department of Economic Development sought requests for qualifications and of those responding to the request and of those eventually submitting proposals, the proposal submitted by Valley Engineering was the lowest and best proposal in the amount of $2,215.00. Therefore, it is being recommended that the Agreement with Valley Engineering as submitted be approved. Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq and carried, the Agreement was approved and executed. AGREEMENT ADDENDUM AND AMENDED SUBORDINA' SECURITY AGREEMENT - PRECISION TOOL & DIE Mr. Leszczynski advised that an Amended Subordinated Security Agreement as it relates to the Loan Agreement with Precision Tool & Die has been submitted to the Board today for approval. Upon a motion made by Mr. Leszczynski, seconded by Mr. Vance and carried, the consideration of this Amended Subordinated Security Agreement was added to the agenda at this time. Ms. Sherry L. Shane, Community Planning & Business Assistance, Department of Economic Development, advised the Board that submitted to them today for approval is an Addendum to the Loan Agreement between the City of South Bend and Precision -Tool & Die 1