My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
12082020 Board of Public Works Meeting
sbend
>
Public
>
Public Works
>
Minutes
>
2020
>
12082020 Board of Public Works Meeting
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/15/2024 1:14:33 PM
Creation date
12/29/2020 9:42:20 AM
Metadata
Fields
Template:
Board of Public Works
Document Type
Minutes
Document Date
12/8/2020
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
REGULAR MEETING DECEMBER 8, 2020 227 <br />RESOLUTION NO.31-2020 <br />A RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA <br />BOARD OF PUBLIC WORKS ESTABLISHING THE 2021 PRIME BORROWING <br />RATE FOR CALCULATING INSTALLMENT PAYMENT AMOUNT FOR <br />WATER/SEWER INSTALLATION CHARGE <br />WHEREAS, Section 17-85 of the City of South Bend Municipal Code (the "Municipal <br />Code") authorizes the Board of Public Works to establish the City's prime borrowing rate <br />("Prime Borrowing Rate") for purposes of determining the interest rate of installment payments <br />of water/sewer installation charges; and <br />WHEREAS, pursuant to Section 17-85 of the Municipal Code, the Board of Public <br />Works is to establish the Prime Borrowing Rate each year for the following calendar year; and <br />WHEREAS, Section 17-85 of the Municipal Code permits a single family residential real <br />property owner to pay water/sewer installation charges by making sixty (60) monthly installment <br />payments with an interest rate two (2) percent below the City's prime borrowing rate; and <br />WHEREAS, the interest rate at the commencement of a residential owner's sixty -month <br />payment plan shall remain constant throughout the sixty -month term. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF <br />THE CITY OF SOUTH BEND AS FOLLOWS: <br />1. The Board establishes the Prime Borrowing Rate for calendar year 2021 at a two (2) <br />percent interest rate. <br />2. The effective date of this Resolution is December 1, 2020. <br />ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana <br />held on December 8, 2020. <br />CITY OF SOUTH BEND <br />BOARD OF PUBLIC WORKS <br />s/ Gary A. Gilot <br />s/ Elizabeth A. Maradik <br />s/ Jordan V. Gathers <br />s/ Joseph R. Molnar <br />ATTEST: <br />s/Linda M. Martin, Clerk <br />APPROVAL OF AGREEMENTS/CONTRACTS/PROPOSALS/ADDENDA <br />The following Agreements/Contracts/Proposals/Addenda were submitted to the Board for <br />approval: <br />Type <br />Business <br />Description <br />Amount/ <br />Motion/ <br />Funding <br />Second <br />Services <br />Elkhart <br />Three (3) Year Fish <br />N/A <br />Maradik/Molnar <br />Agreement <br />Department of <br />Study Supporting <br />Public Works <br />Biological Monitoring of <br />St. Joseph River <br />Natural Gas <br />Interstate Gas <br />One (1) Year Extension <br />$0.88/dekatherm <br />Maradik/Molnar <br />Purchase <br />Supply, Inc. <br />of Current Contract, <br />(Fees paid <br />Contract <br />March 2023 through <br />through Natural <br />April 2024 <br />Gas Invoices <br />Professional <br />Black & Veatch <br />Lead and Copper Rule <br />NTE $46,065 <br />Maradik/Molnar <br />Services <br />Corporation <br />Risk Management <br />(PR-00005686) <br />Agreement <br />Analysis <br />Amendment <br />Cardno, Inc. <br />Construction <br />NTE $6,500; <br />Maradik/Molnar <br />No. 4 to <br />Administration Support <br />New Total <br />Owner- <br />for North Shore Bank <br />$113,100 <br />
The URL can be used to link to this page
Your browser does not support the video tag.