1989-11-16- Minutes - Laserfiche WebLink

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• South Bend Redevelopment Authority Special Meeting - November 16, 1989 6. NEW BUSINESS (Cont.) b. continued... The owner of the building is required to do the interior finish work to the building. She showed plans for connec.-ting the walkway to the IBM building. There will be a hallway constructed along the west side of the third floor of the IBM building to allow public access to both the garage skywalk and the skywalk connecting the IBM building and Trustcorp Bank building. The owner of the. building is responsible for day to day maintenance anti operation of the skywalk. The Redevelopmment Authority will be responsible for major repairs. There is no heating or air conditioning in the skywalk, only ventilation. the ventilation system will be connected to utilities in the ICI building. They will be responsible for locking and unlocking the doors, and can, upon written approval, institute other security measures. No signs or advertising will be allowed on or in the skywalk. The Redevelopment Coaanission will provide insurance, as will Carnbined Capital. The Board of Public Works must approve the agreement, as well as the Authority and the Redevelop~ruent Ccenmtission. • Mrs. Kolata noted that we are using the remainder of the bond proceeds that built the parking garage to construct this walkway. She noted that the term of the agreement is twenty and one half years, beginning the date the garage is cc~a~rpleted and ready for occupancy. Mr. Nussbaum noted that the agreement was prepared by the City Attorney's office and. commended Carolyn Pfotenhauer for her work on it. Upon a motion by Mr. McCullouc~, seconded by Mr. Wroblewski and unanimously carried, the Authority approved the Walkway Construction, Easement and Operating Agreement with Combined Capital Associates VII, an Indiana Limited Partnership dba Century Plaza Office Building. c. Develot~merit Area Public Improvement Proiect) . Mrs. Kolata noted that this item relates to item 3.e. Since the Redevelopment Authority will be issuing the revenue bonds, it is the Authority which will require bond counsel. Baker and Daniels has served us as bond counsel since 1985 and has done an excellent job preparing the bond doctmtents. We strongly recoa~end that the Authority hire them for this bond issue. Mr. McCullough asked what the fee would be. Mrs. Kolata responded that • there was no estimated fee. Mr. Nussbaum noted that there are so many contingencies in a bond issue, it would be difficult to set a flat fee. It -2-