Laserfiche WebLink
RESOLUTION NO. Z6 <br />A RESOLUTION OF THE COMMON COUNCIL <br />FOR THE CITY OF SOUTH BEND, INDIANA <br />FINDING IT NECESSARY TO LEASE RENTAL PROPERTY <br />FOR THE SOUTH BEND WATER WORKS <br />WHEREAS, the City of South Bend, Indiana is the owner of <br />certain real property and improvements located at 224 North Main <br />Street and known as the South Bend Water Works Administration <br />Building, which building houses the administrative offices of the <br />South Bend Water Works; and <br />WHEREAS, the Water Works Administration Building is used and <br />staffed by employees of South Bend Water Works who did not relocate <br />to the new headquarters, located at 125 West Colfax; and <br />WHEREAS, said Water Works Administration Building is scheduled <br />for demolition, and the new Water Works building, located at 125 <br />West Colfax, will not accommodate the employees who will be <br />displaced by the demolition; and <br />WHEREAS, the most efficient and cost effective allocation of <br />resources warrants the relocation of the Water Works <br />administrative, computer, and billing operations from said Water <br />Works Administration building to a leased premises, rather than <br />constructing an addition to the new Water Works headquarters; and <br />WHEREAS, the owners of the real estate and improvement at 209 <br />North Main Street, South Bend, housing the Main Street Row, are <br />desirous of leasing such real estate and improvements to the City <br />for use as the City's Water Works Administrative, computer, and <br />billing operations; and <br />WHEREAS, the Director of the South Bend Water Works has <br />inspected said Main Street Row property and has found it to be <br />adequately sized, comprising 3,883 square feet and, with <br />improvements, otherwise suited for use as the City's Water Works <br />Administrative, Computer, and Billing operations; and <br />WHEREAS, the Director of the South Bend Water Works has <br />inspected other facilities for rental; and <br />WHEREAS, said rental at Main Street Row is for a period of <br />five (5) years for $213,565.00 for a term of five (5) years, with <br />a monthly rental of Three Thousand Five Hundred Fifty -Nine and <br />42/100 Dollars ($3,559.42) with an option to renew for two (2) <br />additional five (5) year terms. The rental rate for the second <br />five (5) year term shall be Twelve and 50/100 Dollars ($12.50) per <br />square foot per year. The rental rate for the third five (5) year <br />