07/22/86 Board of Public Works Minutes

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REGULAR MEETING JULY 22, 1986 In response to Ms. Barnard's question regarding the necessity of some type of written agreement among and between the affected residents, Mr. Bodnar suggested that a written agreement be entered into prior to and contingent upon the approval of the vacation of the alley as there may be no problem now but there may be in the future. Therefore, upon a motion made by Ms. Barnard, seconded by Mr. Leszczynski and carried, the Clerk was instructed to forward to the Common Council a favorable recommendation on the above referred to alley vacation subject to any and all utility easements. APPROVE PURCHASE AGREEMENTS: - 508 E. SOUTH STREET - 424 E. SOUTH STREET - 510 E. SOUTH STREET - 610 S. FELLOWS STREET In accordance with the bids awarded on June 10, 1986 for the above referred to City -owned lots to the South Bend Heritage Foundation, the appropriate Purchase Agreements were submitted to the Board for approval at this time. Upon a motion made by Mr. Leszczynski, seconded by Ms. Barnard and carried, the Purchase Agreements were approved and the matter referred to the City Attorney's office for drafting of the appropriate Quit -Claim Deeds. APPROVE CONTRACT FOR CAR WASHES FOR CITY VEHICLES FOR PERIOD AUGUST 1, 1986 - JULY 31, 1987 (HI -SPEED AUTO WASH) Submitted to the Board for approval at this time was a Contract with Hi -Speed Auto Wash, 609 East LaSalle, South Bend, Indiana, providing that Hi -Speed shall furnish full service car washes for City vehicles from August 1, 1986 through July 31, 1987. Upon a motion made by Ms. Barnard, seconded by Mr. Leszczynski and carried, the Contract as submitted was approved and executed. APPROVE AND/OR FILE DOCUMENTS - CONTAI] - LOAN AGREEMENT - STATE OF INDIANA FINANCING STATEMENT - SUBORDINATED SECURITY AGREEMENT - TERM NOTE SERVICE CORPORATION Submitted to the Board for approval and execution were the above referred to loan documents for Container Services Corporation. Ms. Loren M. Rooney, Economic Development Specialist, Department of Economic Development, advised that the executed agreements will enable the State to release Investment Incentive Program grant funds to the City and, in turn, enable the City to loan funds to CSC. The $110,000.00 loan will be used by the CSC to purchase machinery and equipment which is necessary in order for them to commence operations in the Airport Industrial Park at 2811 Viridian Boulevard. The loan payback will be used by the City for future economic development. Upon a motion made by Ms. Barnard, seconded by Mr. Leszczynski and carried, the Loan Agreement, Subordinated Security Agreement and the State of Indiana Financing Statement were approved and executed and the Term Note was accepted for filing. APPROVE COMMUNITY DEVELOPMENT ADDENDUM The following Community Development addendum was presented to the Board for approval: