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SPECIAL MEETING <br />SEPTEMBER 23, 1982 <br />A special meeting of the Board of Public Works was convened at <br />9:40 a.m., on Thursday, September 23, 1982, by President John <br />E. Leszczynski, with Mr. Leszczynski, Mr. Richard L. Hill and <br />Mr. Joseph E,. Kernan present. Also present was Assistant City <br />Attorney Carolyn Pfotenhauer. <br />APPROVAL OF COMMUNITY DEVELOPMENT CONTRACT - <br />SOUTH BEND DEVELOPMENT CORPORATION <br />Mr. Jon Hunt, Director of the Department of Redevelopment, explained <br />that Board approval was requested on a standard form of Community <br />Development agreement with the South Bend Development Corporation <br />for the expenditure of $500,000 in the form of loans to assist in <br />maintaining a.strong retail outlet in downtown South Bend. He <br />advised that the scope of services was somewhat different from <br />standard Community Development contracts and provided, through the <br />use of the Economic Development Capital Fund, assistance by the <br />South Bend Development Corporation to economic enterprises through <br />a variety of mechanisms including, but not limited to, direct loans, <br />equity investments, working capital, loan guarantees, interest <br />subsidies and injection of seed funds. Mr. Hunt explained that <br />the attorneys for the South Bend Development Corporation have <br />reviewed the contract and have no objections to its language. <br />He hoped that the contract could be forwarded to the Development <br />Corporation for execution sometime the week of September 27, 1982. <br />Upon a motion made by Mr. Kernan, seconded by Mr. Leszczynski and <br />carried, the contract was approved. <br />APPROVE UTILITY EASEMENT AT MUNICIPAL SERVICES FACILITY <br />(I & M ELECTRIC) <br />Mr. Leszczynski noted that, in order for the Indiana & Michigan <br />Electric Company to relocate utility wires for the construction of <br />the salt storage facility at the Municipal Services Facility site, <br />it was necessary for the city to grant an easement to I & M to <br />enter upon the city's property to do so. Upon a motion made by <br />Mr. Leszczynski, seconded by Mr. Hill and carried, the easement <br />agreement was approved. <br />There being no further business to come before the Board, upon a <br />motion made by Mr. Leszczynski, seconded by Mr. Kernan and carried, <br />the meeting was adjourned at 9:45 a.m. <br />Richard L. Hill <br />Jose E. Kernan <br />ATTEST: <br />Barbara J. Bye s, Cleik <br />