05/13/74 Board of Public Works Minutes

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REGULAR MEETING MAY 13, 1974 Motorola C & E, Inc. Bid was signed by Samuel W. Edson, non -collusion affidavit was in order and a 10% bid bond accompanied the bid. Bid - $86,988 Tape Recorder - $15,411 Total Bid - $102,399 Upon motion made, seconded and carried, the bids were referred to the Bureau of Police for review and recommendation. PUBLIC HEARING - MEADOWVIEW TAX IMPOUNDMENT FUNDS This was the date set for a public discussion of proposed uses for the tax funds impounded in the Meadowview Subdivision, as stipulated in the Annexation Ordinance. Mr. Farrand said the purpose of the hearing was to give affected property owners a chance to voice their opinion. There was no one present to speak on the subject of use of the impounded funds. Mr. Farrand then introduced the following resolution which was, upon motion made, seconded and carried, adopted by the Board. RESOLUTION NO. 8, 1974 L� A RESOLUTION AUTHORIZING IMPROVEMENTS TO BE MADE IN ANNEXED TERRITORY PURSUANT TO ANNEXATION ORDINANCE REQUIRING IMPOUNDMENT OF TAXES WHEREAS, the area described in Ordinance No. 5009-68, and which real estate is specifically described in the Ordinance attached hereto and made a part hereof and marked Exhibit A, was annexed to the City of South Bend, effective 7-12-73; and WHEREAS, said Ordinance provides pursuant to provision permitted by the annexation laws of the State of Indiana for impoundment of one- half of all municipal property taxes to be imposed upon the annexed territory for a three year period following the effective date of the annexation; and WHEREAS, it is presently estimated that $37,800.00 will be collected for impoundment pursuant to said Ordinance over a three year period; and WHEREAS, it is now proposed to extend certain municipal services and benefits and make public improvements for the benefit of the annexed area during 1974, and which benefits and improvements will be of a cost and benefit in excess of the amount of property taxes to be impounded for said area over the three year period. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South Bend, Indiana: SECTION 1. The City of South Bend in discharge of its obligation under Ordinance No. 5009-68 to use one-half of the municipal property taxes collected and impounded over a three year period for the extension of municipal services and benefits and the making of public improvements in said territory, now proposes during 1974, or as soon thereafter as practicable, to extend the following services and benefits and make the following improvements in said annexed territory: A. Construct sanitary sewer project for which the City's share of the cost will be $30,000.00. B. Make street improvements for Denslow and Inwood Streets .at a cost of $88,000.00. C. Pave Sampson Street at a cost of $10,000.00. D. Install street lights in the area at an estimated cost of $1600.00 per year.