1990-02-16 Minutes - Laserfiche WebLink

Home Browse Search

South Bend Redevelopmment Authority. Special Meeting -February 16, 1990 3. OLD BUSINESS (Cont.) b. Authority approval requested to hire Lawson-Fisher Associates for engineering services related to the design of the Rink Riverside Walkway and for improvements to the West Bank Lighting between LaSalle Street and Monroe Street. Mrs. Kolata noted that the contract provides for Lawson Fisher Associates to be paid a lump sum fee of $39,710 for the design of the Rink Riverside Walkway and for the design of improvements to the West Bank Lighting between LaSalle Street and Monroe Street. The contract also specifies an hourly rate for additional services, such as construction supervision, to a maxiYmun of $9,930. Mrs. Kolata noted that we expect to have our Engineering Department do the construction supervision and should not need the additional services of the contract. The Engineering Department has reviewed the contract and is comfortable with it. Upon a motion by Mr. Fewell, seconded by Mr. MoCu7.lough and unanimously carried, the Authority approved the contract with Lawson-Fisher Associates for engineering services related to the design of the Rink Riverside Walkway acid for improvements to the West Bank Lighting between LaSalle Street and Monroe Street for an amount of $39,710. 4. NEW BUSIlVESS • a. Authority approval requested to hire First Interstate Bank as bond trustee for the South Bend Redevelopment Authority Lease Rental Revenue Bonds (South Bend Central Development Area Public. Improvement Project.) Mrs. Kolata noted that seven banks responded to our Request for Proposals to serve as bond trustee for the 1990 TIF Bond. Mrs. Kolata, Ms. Hickey, Ms. Pfotenhauer, and Mr. Richard Hill., serving as bond counsel, reviewed all of the proposals and came to a unanimous decision that the proposal of First Interstate Bank was the best offer. Their fees were the lowest for each of the services provided. Also, since they are a local bank, disbursement of the bond proceeds will be easier since claims can be taken to them rather than mailed. Upon a motion by Mr. McCullough, seconded by Mr. Fewell and unanimously carried, the Authority approved the hiring of First Interstate-Bank as bond trustee for the South Bend Redevelo~:anent Authority Lease Rental Revenue Bonds (South Bend Central Development Area Public Improvement Project.) b. Authority aupraval requested for Resolution No. 16, a resolution of the South Bend Redevelopment Authority approving modifications to and execution of a lease between the South Bend Redevelopment Authority and the South Bend Redevelopment Commission .for certain land and public improvements, and regarding other related matters. Mrs. Kolata noted that at their November 16, 1989, meeting, the Authority approved a proposed lease. The lease was not executed at that time.