02/10/82 Board of Public Works Special Meeting Minutes

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202 SPECIAL MEETING FEBRUARY 10, 1982 sole bid for the property in the amount of $11,430.00, and, after negotiation, a purchase agreement was entered into between the city and Lock Joint Tube Company, Inc., on November 2, 1981, in the amount of $18,250.00, said purchase contigent upon the successful rezoning of the property from "A" Residential to "D" Light Industrial. WHEREAS, subsequent to November 2, 1981, it has been determined that a lease of the property, rather than the sale of the property, would be in the best interests of the city and the public, and, in fact, the Common Council at its meeting held on February 8, 1982, approved the rezoning of the property to "D" Light Industrial subject to the execution of a 20-year lease agreement (excluding renewal options) for its use. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana, that sealed bids be received by the Board of Public Works for lease of the aforementioned property at the fair market rental value for a 20-year period (excluding renewal options); said lease to contain a restriction that no structures be constructed on the property without the prior written approval of the city. Adopted this loth day of February, 1982. BOARD OF PUBLIC WORKS s/ John E. Leszczynski s/ Richard L. Hill ATTEST: s/ Barbara J. Byers, Clerk Mrs. Ruth Garen, 1217 Van Buren Street, asked how long the lease would be in effect which the city was proposing to enter into for the Brownfield Park area. Mrs. Pfotenhauer advised that, in accordance with the decision reached by the Common Council and administration on February 8th, the lease would be for a term of 20 years with two options for 15-year renewals. She stated that the lease could conceivably run for 50 years; however, a termination clause would be provided. Upon a motion made by Mr. Leszczynski, seconded by Mr. Hill and carried, the above Resolution No. 5, 1982, was adopted. RE -SCHEDULE FEBRUARY 15TH BOARD OF WORKS MEETING Upon a motion made by Mr. Leszczynski, seconded by Mr. Hill and carried, the regularly scheduled Board of Works meeting of February 15, 1982, was rescheduled to Tuesday, February 16, 1982. It was noted that bids for the Bendix Drive Signalization Project, due on February 15th, would still be due by 9:30 a.m, on that date as legally advertised, but would be opened by the Board on February 16th. Mr. Hill explained that there had been discussion on changing the employee holiday of February 12 to February 15 which necessitated the rescheduling of the meeting. Even though it was ultimately decided the city offices would be closed on February 12th, it was felt the Board meeting should be re- scheduled to Tuesday, February 16th, because of the national observance of Presidents' Day on February 15th.