11082016 Board of Public Works Agenda

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REOULARMEETING NOVEMBER8.2016 355 ($3,720,000) (the "2016 Bonds"), for the purpose of providing for the payment of (i) the Refunding, and (ii) the costs of issuing such 2016 Bonds. WHEREAS, the Prior Ordinances permit the issuance of additional bonds payable from the revenues of the Waterworks and ranking on a parity with the Prior Bonds for the purpose of financing the complete or partial refunding of any of the Prior Bonds, including the 2000 Bonds and 2006 Bonds, provided certain conditions can be met, and the Board has determined, based upon information provided to the Board by the Financial Advisor, that the finances of the Waterworks will enable the City to meet the conditions for the issuance of additional parity bonds and that, accordingly, the 2016 Bonds shall rank on a parity with the Prior Bonds. WHEREAS, the Board has reviewed the form of a bond ordinance to be adopted by the Common Council authorizing the City to issue and sell the 2016 Bonds for the purpose of financing the Refunding (the "2016 Bond Ordinance"), a copy of which is attached hereto as Exhibit A. and the Board has found the 2016 Bond Ordinance to be satisfactory. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: Section 1. The Board hereby recommends to the Common Council that the Refunding be undertaken by the City and the Waterworks. Section 2. To provide funds necessary to pay for or reimburse the City for the costs of the Refunding, together with expenses incidental thereto, including expenses in connection with the issuance of the 2016 Bonds, the Board hereby approves and recommends to the Common Council the issuance by the City of Waterworks Revenue Bonds in a principal amount not to exceed Three Million Seven Hundred Twenty Thousand Dollars ($3,720,000). Section 3. The Board hereby approves the substantially final form of the 2016 Bond Ordinance presented to this meeting and recommends to the Common Council the adoption of such 2016 Bond Ordinance which sets forth the terms and conditions of the 2016 Bonds to be issued thereunder. Section 4. 'the Board hereby ratifies the actions taken to file the 2016 Bond Ordinance with the Clerk of the City ("City Clerk") for presentation to the Common Council, and the Clerk of the Board is hereby directed to present a copy of this Resolution to the City Clerk fbr presentation to the Common Council for its consideration, as soon as may be done, thereby requesting the issuance of the 2016 Bonds. Section 5. This Resolution shall be in full force and effect from and after its adoption by the Board. ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana, held on November 8, 2016, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND BOARD OF PUBLIC WORKS s/ Gary A. Gilot s/ Suzann M. Fritzberg s/ Elizabeth A. Maradik s/ Therese J. Dorau ATTEST: s/Linda M. Martin, Clerk APPROVAL OF AGREEMENTS/CONTRACTS/PROPOSALS/ADDENDA The following Agreements/Contracts/Proposals/Addenda were submitted to the Board for approval: Type Business Description Amount/ Motion/ Professional Network SMARTnet Renewal for Fund in $229,961.79; Second Maradik/Domu Services Solutions, Inc. Three (3) Year Maintenance $76,653.93 Per