10/20/87 Board of Public Works Minutes

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REGULAR MEETING OCTOBER 20, 1987 Section 1. The Board hereb Richard E. McCloskey, appraisers appraisals, to appraise the fair y appoints Jerome E. Michaels and professionally engaged in making market value of the land described in the first WHEREAS clause of this resolution. Section 2. In determining the fair market value of the land, the appraisers shall consider the specifications required to be followed by potential lessors, as described in Exhibit C to Resolution No. 24-1987, attached to this resolution and made a part hereof. Section 3. The appraisers shall return their appraisals to the Board of Public Works on or before November 3, 1987. Adopted this 20th day of October, 1987, at a regular meeting of the South Bend Board of Public Works. SOUTH BEND BOARD OF PUBLIC WORKS s/John E. Leszczynski, President s/Michael L. Vance s/Patricia E. DeClercq ATTEST: s/Sandra M. Parmerlee, Clerk APPROVE REQUEST TO OBTAIN PROPOSALS FOR LEASE -PURCHASE FINANCING - PARKING FACILITY TO BE LOCATED AT N.W. CORNER OF S. ST. JOSEPH STREET AND E. WAYNE STREET Ms. Ann Kolata, Deputy Executive Director, Department of Economic Development, read to the Board a letter from Mr. Jon Hunt, Executive Director, Department of Economic Development advising that the Proposal received by the Board on October 6, 1987 for construction and lease of a garage at the corner of Wayne and St. Joseph Streets has been referred to the Department of Economic Development for review and that he has asked Ms. Kolata and City Attorney Eugenia S. Schwartz to handle this project. They have reviewed the Proposal and had an initial meeting with the proposer. As a result of their preliminary review and discussions, it is felt that it is necessary to obtain information on the cost of alternative financing since the Proposal was for a lease only, not a lease with an option to purchase. Therefore, Mr. Hunt is requesting the Board to authorize the City Controller to obtain Proposals for lease -purchase financing in conformity with specifications prepared. The Department of Economic Development will continue to handle this matter as expeditiously as possible but wish to provide the Board with a thorough analysis of all the issues involved. It is believed that the additional information requested today will provide important facts for this analysis. Therefore, upon a motion made by Mrs. DeClercq, seconded by Mr. Leszczynski and carried, Mr. Hunt's request to obtain Proposals as outlined above was approved. ADOPTION OF RESOLUTION NO. 30-1987 - AUTHORIZING DUPLICATE DEED FOR CITY -OWNED PROPERTY AT 526 E. MILTON STREET Mr. Leszczynski advised that Resolution No. 30-1987 provides that the City can proceed with the recording of a duplicate Quit -Claim Deed for the property at 526 East Milton Street. It was noted that it has come to the attention of the Board of Public Works that when the City -owned property at 526 East Milton Street was sold in May of 1982, the purchaser failed to have the Quit -Claim Deed recorded. Upon a motion made by Mr. Vance, seconded by Mrs. DeClercq and carried, the following Resolution No. 30-1987 was adopted: