09/15/87 Board of Public Works Minutes

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CID 7" REGULAR MEETING SEPTEMBER 15, 1987 which was approved by the Board on July 14, 1987 and executed by Precision on September 4, 1987. She noted that the Loan Agreement sets forth the terms and conditions of a loan from the City to Precision using funds from an Investment Incentive Grant from the Indiana Department of Commerce. The Addendum submitted today provides assurance to the City that the equipment purchased with the loan proceeds will be in place by October 1,'1987. As this is desirable from the City's standpoint, and agreeable to Precision, Ms. Shane recommended Board approval. Additionally, Ms. Shane informed the Board that the Amended Subordinated Security Agreement creates a security interest in the Collateral which is subordinated and subject to a certain Security Agreement between Debtor and the Business Development Corporation of South Bend/Mishawaka and St. Joseph County, Indiana and between Debtor and CFC Capital Corporation. Upon a motion made by Mr. Vance, seconded by Mrs. DeClercq and carried, the Loan Agreement Addendum and Amended Subordinated Security Agreement as submitted were approved and executed. APPROVE EMERGENCY SHELTER GRANT SUBCONTRACT AGREEMENTS - UNITED RELIGIOUS COMMUNITY - YOUTH SERVICES BUREAU Ms. Kathryn Baumgartner, Director, Bureau of Housing, advised that the City of South Bend is in receipt of an Emergency Shelter Grant from the Indiana State Department of Health and Human Services in the amount of $14,225.00. Ms. Baumgartner stated that initially only $8,148.00 of the Emergency Shelter Grant Funds were made available for use in St. Joseph County. As the City felt that both the United Religious Community and Youth Services Bureau projects were extremely worthy of financial support, a request was made to the Department of Human Services to fund both projects should additional monies become available. The City did receive the additional monies and both agencies can be awarded the total grant amounts they requested. Ms. Baumgartner further advised that the United Religious Community and the Youth Services Bureau will administer these funds and she therefore submitted to the Board the appropriate Agreements which set out the requirements for the administration of the Emergency Shelter Grant. The term of the Agreements is July 1, 1987 until June 30, 1988. It was noted that United Religious Community, which provides shelter for homeless adults, will receive a grant of $7,925.00 to pay for rent, utilities, supplies and some social services related to the operation of their homeless shelter. The Youth Services Bureau, which shelters runaways and youth at risk, will receive $6,300.00 to pay for operating expenses, equipment and physical examinations for youth staying at Safe Station. Upon a motion made by Mrs. DeClercq, seconded by Mr. Vance and carried, the above referred to Agreements, as submitted, were approved and executed. APPROVE DOCUMENTS - RE: HIGH STREET & BOWEN STREET - TURN -AROUND EASEMENT/AGREEMENT - RELEASE OF WATER AND SEWER EASEMENT Mr. Leszczynski advised that Erskine Plaza Associates have submitted the above referred to documents to the Board for acceptance and approval. Mr. Leszczynski further advised that the turn -around Easement/ Agreement was required in conjunction with the vacation of High Street lying south of the south line of Hawbaker Street. The Release of Water and Sewer Easement releases those public utility