07/14/1980 Board of Public Works Minutes

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w REGULAR MEETING JULY 14, 1980 99 -year lease agreement, with the last payments to be approximately $80,000 each. Mr. Brunner stated that the property would be put back on the tax rolls, and he briefly talked about the use of incremental tax financing.. He felt that the city would experience a combined benefit with the execution of the agreements in that $150,000 would be derived for property taxes; approximately $100,000 would be saved by the city for maintenance costs for the atrium, and a $26,000 payment would be immediately received from Rahn and FBT. Mr. Brunner explained that Quitclaim Deeds and Bills of Sale were being submitted for execution to Rahn and FBT for conveyance of the improvements constructed and for those improvements yet to be constructed on the project. Regarding the Easements, Mr, Brunner explained that there were certain encroachments on city property for the bank portion of the project, and the Easement would give FBT the right to build and encroach on city property. With regard to the Easement Agreement and Grant of Rights in Easement for Rahn, there were certain encroachments on state right -of -way, and it was anticipated that the State Highway Commission would approve the encroachments and convey the right of interest to the Redevelopment Commission, which, in turn, would convey to the city, which, in turn would convey to Rahn. Mr. McMahon asked if there was a provision contained in the Quitclaim Deed that allowed the city to continue construction of the improve- ments and monitor same, and Mr. Brunner stated that this was provided for in the Conveyance Agreements. Mr. McMahon noted that the Ease- ment Agreements would satisfy bond counsel and the effective date of the agreement with the State Highway Commission for the encroach- ments of Rahn would be the date of state approval. Upon a motion made by Mr. McMahon, seconded by Mr. Kernan and carried, the Joint Development Agreement, the Agreements for Conveyance of Public Improvements for Rahn and FBT Bancorp, the Quitclaim Deeds and Bills of Sale for Rahn and FBT Bancorp, and the Easement Agreement for FBT Bancorp were approved. Upon a motion made by Mr. McMahon, seconded by Mr. Hill and carried, the Easement Agreement and Grant of Rights in Easement Areas for Rahn to cover encroachments on State Highway property was approved, with the effective date of the agree- ment to be the date upon which State Highway Commission approval was given. AWARD BID - NORTHWEST CURB AND SIDEWALK IMPROVEMENTS (CD -79 -304 A recommendation from Neil A. Shanahan, Manager of the Bureau of Public Construction, was received concerning the award of the Curb and Sidewalk Improvement Project for Blaine, Allen and Sherman Streets between California and Lindsey Streets to Arco Engineering Construction in the amount of $78,200.00. Mr. McMahon noted that the project involved Community Development Funds and the recommenda- tion to award the bid to Arco Engineering had been concurred with by that department. Upon a motion made by Mr. McMahon, seconded by Mr. Hill and carried:, the bid for the Northwest Curb and Sidewalk Improvement Project was awarded to the Arco Engineering Construction Corporation in the amount of $78,200.00, subject to the filing of the required Performance Bond, Labor and Materials Payment Bond and Certificate of Insurance. APPROVAL OF FINAL CHANGE ORDER AND COMPLETION AFFIDAVIT - CLEVELAND ROAD SEWER PROJECT (H. DeWULF MECHANICAL CONTRACTOR, INC-. Mr. McMahon stated that the final change order represented some-minor adjustments in the project and two major adjustments, one increase in the amount of $23,200.00 for seeding and mulching to cover the disturbed area including grass areas subject to heavy construction traffic and the stockpiling of soil around the trench. Mr. McMahon