12/16/86 Board of Public Works Minutes

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REGULAR MEETING DECEMBER 16, 1986 APPROVE FACADE LEASE - PALAIS ROYALE BUILDING City Attorney Eugenia S. Schwartz submitted to the Board for approval and execution a Lease between Trust No. 30560 consisting of Bruce R. Bancroft, James E. Childs and William H. Furry and the City of South Bend which is the final document that will bring to completion all development of the Palais Royale Building located at the northwest corners of Colfax Street and Michigan Avenue. She reminded the Board that through the Development Agreement previously entered into with the Trust, the facade was conveyed to the City and through utilization of HUD funds and 108 Loan Funds, the facade has been renovated and brought back to compliance with historical requirements. The lease submitted today leases the facade back to the Trust for a twenty (20) year period, beginning on January 1, 1987 and ending on December 31, 2007, and contains the option for the owners to buy-back the facade at any time by paying back the amount expended plus an additional sum. It was noted that monthly payments would begin at $1,217.58. She advised that the Lease states that the City has expended $217,573.60 on the building facade with the total pay -back amount being $320,420.53. Upon a motion made by Mr. Vance, seconded by Mrs. DeClercq and carried, the Lease as submitted was approved and executed. APPROVE REQUEST TO ADVERTISE FOR THE RECEIPT OF BIDS - RENTAL OF NEW UNIFORMS FOR VARIOUS DEPARTMENTS AND BUREAUS WITHIN THE CITY OF SOUTH BEND Mr. Michael L. Vance, Director, Administration and Finance, advised the Board that the current contract for the rental of uniforms for various City departments and bureaus will expire early in 1987. He further advised that specifications are being prepared for the rental of these uniforms and he would therefore request that the Board advertise for the receipt of bids. Upon a motion made by Mrs. DeClercq, seconded by Mr. Leszczynski and carried, the request was approved. APPROVE LAND CONTRACT - 126 NORTH NILES AVENUE (POLICE EAST SECTOR SUBSTATION) Ms. Eugenia S. Schwartz, City Attorney, submitted to the Board for approval and execution a Land Contract Agreement between Christopher Davey and Anthony J. George, owners of the property at 126 North Niles Avenue and the City of South Bend for the City's purchase of the above referred to property. She advised that negotiations have taken place with Mr. Davey and Mr. George and an agreement has been reached which provides for the purchase of the property for the sum of $90,000.00 with a down payment of $45,000.00 toward the purchase price to be paid at closing. The balance, together with interest on the outstanding balance at the rate of 7.75%, will be paid in thirty-six (36) equal monthly payments of $1,401.95 with the first payment due the end of January, 1987. Mr. Vance stated that the appropriate purchase price for the building was based on two (2) appraisals that were conducted. It was noted that this property will be utilized as the Police East Sector Substation. Upon a motion made by Mr. Vance, seconded by Mrs. DeClercq and carried, the above referred to Land Contract was approved and executed. ACCEPT AND APPROVE QUIT -CLAIM DEED (NE CORNER OF FOX & ST. JOSEPH) Mr. Leszczynski advised that the Engineering Department has recommended that the City accept the above referred to Deed which transfers from St. Joseph County to the City the property located at the northeast corner of Fox and St. Joseph Street as follows: 18-7040-1586 - Lots 211, 212 Ex. 66 Feet north end of each Lot - Bowmans 6th Addition 18-7040-1587 - Lot 213 Ex. 66 Feet north end - Bowmans 6th Addition