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REGULAR MEETING <br />JULY 29, 1986 <br />The regular meeting of the Board of Public Works was convened at <br />9:36 a.m. on Tuesday, July 29, 1986, by Board member Katherine G. <br />Barnard, with Ms. Barnard and Mr. Michael L. Vance present. <br />Board President John E. Leszczynski was not in attendance. <br />Also present was Chief Deputy City Attorney Thomas Bodnar. <br />AGENDA ITEM STRICKEN <br />Upon a motion made by Ms. Barnard, seconded by Mr. Vance and <br />carried, Change Order No. 1 (Final) and the Project Completion <br />Affidavit for the Bendix Drive Concrete Pavement Repairs Project <br />was stricken from the agenda at this time. <br />APPROVE INTER -LOCAL GOVERNMENTAL AGREEMENT BETWEEN THE CITY OF <br />SOUTH BEND AND ST. JOSEPH COUNTY, CONCERNING THE AE, INC. <br />INDUSTRIAL PROJECT <br />Ms. Loren Rooney, Economic Development Specialist, Department of <br />Economic Development, advised the Board that in order to attract <br />a major company to South Bend, St. Joseph County has made <br />application to the State of Indiana for $337,000.00 in funds from <br />the Small Cities Community Development Block Grant Program/ <br />Industrial Development Infrastructure Program for an <br />infrastructure project to be built in conjunction with the AE, <br />Inc. project. The Industrial Development Infrastructure Program <br />(IDIP) grant will be granted to the County to provide the <br />off -site infrastructure improvements. Additionally, an <br />Investment Incentive Program (IIP) grant will be granted to the <br />City and, in turn, loaned to AE, Inc., to enable the company to <br />purchase new production equipment. AE, Inc., a $16 million <br />dollar manufacturing facility project, will be located in St. <br />Joseph County. <br />Prior to release of IDIP funds, the State of Indiana has required <br />the adoption of the above referred to Inter -local Agreement <br />between the City of South Bend and St. Joseph County. Ms. Rooney <br />advised that the County Engineer will be responsible for <br />administering said grant funds with the City of South Bend <br />assisting in the monitoring. <br />It was noted that AE, Inc., a British based company, will <br />establish its first manufacturing facility in the U.S. The AE, <br />Inc. project will create approximately seventy-five (75) new <br />jobs, with fifty-one per cent (51%) or more benefiting low and <br />moderate income persons. The majority of the $16 million dollar <br />project will be financed by AE, Inc. <br />Therefore, upon a motion made by Mr. Vance, seconded by Ms. <br />Barnard and carried, the Agreement as submitted was approved and <br />executed. <br />APPROVE MEMORANDUM OF UNDERSTANDING BETWEEN THE SOUTH BEND <br />HOUSING AUTHORITY AND THE CITY OF SOUTH BEND <br />Mr. Ted Leverman, Acting Director, Bureau of Housing, submitted <br />to the Board for approval a "Memorandum of Understanding" between <br />the South Bend Housing Authority and the City of South Bend in <br />conjunction with the Rental Rehab Program. <br />Mr. Leverman advised that the Memorandum is the final step in the <br />application process for the $39,000.00 in federal rehab funds <br />that HUD has made available to South Bend for 1986. Further, the <br />Memorandum is a federal requirement of the Rental Rehabilitation <br />Program as stated in the Federal Register. <br />Mr. Leverman further advised that the Rental Rehabilitation <br />Program provides incentive to investors to rehabilitate their <br />properties by offering deferred loans at 0% interest for up to <br />50% of the rehab cost. In order to avoid displacement of <br />