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REGULAR MEETING NOVEMBER 12, 2025 222 <br />made by VP Molnar, seconded by Ms. Micou and carried by roll call, the project completion <br />affidavit was approved. <br />APPROVE PROJECT COMPLETION AFFIDAVIT - 2025 TREE PLANTING - PROJECT <br />NO. 125-011 (PO-0036921) <br />President Maradik advised that Kyle Ludlow, Engineering, has submitted the project <br />completion affidavit on behalf of K&R Tree Service LLC, for the above referenced project, <br />indicating a final cost of $52,710. Upon a motion made by VP Molnar, seconded by Ms. <br />Micou and carried by roll call, the project completion affidavit was approved. <br />APPROVAL OF REQUEST TO ADVERTISE FOR THE RECEIPT OF BIDS AND TITLE <br />SHEET - MARSHALL PARK SIDEWALK & ROAD REPLACEMENT - PROJECT NO. 125- <br />026E (PR-00044033) <br />In a memorandum to the Board, Zak Tebell, Engineering, requested permission to <br />advertise for the receipt of bids for the above referenced project. Also presented at this <br />time for approval and execution was the title sheet. Upon a motion made by VP Molnar, <br />seconded by Ms. Micou and carried by roll call, the above request to advertise was <br />approved, and the title sheet was approved and signed. <br />APPROVAL OF REQUEST TO ADVERTISE FOR THE RECEIPT OF BIDS AND TITLE <br />SHEET - DREWRY'S BREWERY CLEANUP, PHASE III - PROJECT NO. 119-031E (PO- <br />0044160 <br />In a memorandum to the Board, Zack Hurst, Engineering, requested permission to <br />advertise for the receipt of bids for the above referenced project. Also presented at this <br />time for approval and execution was the title sheet. Upon a motion made by VP Molnar, <br />seconded by Ms. Micou and carried by roll call, the above request to advertise was <br />approved, and the title sheet was approved and signed. <br />APPROVAL OF REQUEST TO ADVERTISE FOR THE RECEIPT OF BIDS AND TITLE <br />SHEET - O'BRIEN SPLASHPAD AND RESTROOM INSTALLATION - PROJECT NO. 125- <br />025 (PR-00041839) <br />In a memorandum to the Board, Zak Tebell, Engineering, requested permission to <br />advertise for the receipt of bids for the above referenced project. Also presented at this <br />time for approval and execution was the title sheet. Upon a motion made by VP Molnar, <br />seconded by Ms. Micou and carried by roll call, the above request to advertise was <br />approved, and the title sheet was approved and signed. <br />ADOPT RESOLUTION NO. 25-2025 - A RESOLUTION OF THE CITY OF SOUTH BEND, <br />INDIANA BOARD OF PUBLIC WORKS ESTABLISHING THE 2026 PRIME BORROWING <br />RATE FOR CALCULATING INSTALLMENT PAYMENT AMOUNT FOR WATER/SEWER <br />INSTALLATION CHARGE <br />Upon a motion made by VP Molnar, seconded by Ms. Micou and carried by roll call, the <br />following resolution was adopted by the Board of Public Works: <br />RESOLUTION NO. 25-2025 <br />A RESOLUTION OF THE CITY OF SOUTH BEND, INDIANA <br />BOARD OF PUBLIC WORKS ESTABLISHING THE 2026 PRIME BORROWING RATE <br />FOR CALCULATING INSTALLMENT PAYMENT AMOUNT FOR WATER/SEWER <br />INSTALLATION CHARGE <br />WHEREAS, Section 17-85 of the City of South Bend Municipal Code (the <br />"Municipal Code") authorizes the Board of Public Works to establish the City's prime <br />borrowing rate ("Prime Borrowing Rate") for purposes of determining the interest rate of <br />installment payments 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; <br />and <br />