RM 10-25-85 - Laserfiche WebLink

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South Bend Regular Me 6. NEW BU d. Co co fi elopment Commission - October 25,1985 ( font . ) wi services. to amend a Mrs Kolata noted that the Commission entered into a contract with Springsted, Incorporated, on July 11, 1985. Under the terms of this contract, Springsted would be paid an amount not to exceed $24,500 with out -of- pocket ex ses not to exceed $4,000. The Commission has received a letter from Springsted explaining that there have been some extra trips to South Bend and extra work caused by so discrepancies in data that had been given to Springsted. In trying to reconcile those itents, Springsted has incurred some additional expEmses. They are requesting an increase in the reimbursement amount from $4,000 to $6,000 and also due to their increased time an additional $3,400 be paid over the original contract amount. Considering the amount of ti Springsted has put into this project, the staff feels that this is a justified increase. Ms. Schwartz commented that this matter was brought to the Commission for their approval; but technically under the terms of the contract, Jon Hunt has the ability to authorize additional travel expenses and re' ursement for out -of- pocket expenses. Spr ngsted's additional time has been put in at the request of the Department, and under the terms of the contract we are required to pay that amount. The staff wanted to bring thi request to the Commission for their app oval as well. Upoi a motion made by Mr. Donoho, seconded by Mr. Combs and unanimously carried, the Co ssion approved an amendment to a contract with Springsted, Incorporated, for financial consulting services. e. Comiission approval requested for approval of the Official Statement for the tax incremental fin ce bond issue. —5— COMMISSION APPROVED AN AMENDMENT TO A CONTRACT Tn ETH SPRINGSTED, INCOR- PORATED, FOR FINANCIAL CONSULTING SERVICES