HomeMy WebLinkAbout04/21/94 Board of Public Works Special Meetiing Minutes211
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SPECIAL MEETING APRIL 21, 1994
A Special Meeting of the Board of Public Works was convened at
1:03 p.m. on Thursday, April 21, 1994, by Board President John E.
Leszczynski, with Mr. Leszczynski, Mr. James R. Caldwell and Mrs.
Jenny Pitts Manier present. Also present was Board Attorney Anne
Bruneel.
ADOPT RESOLUTION NO. 13-1994 - APPROVING THE EXECUTION OF A
MUNICIPAL LEASE AND OPTION AGREEMENT WITH MIDWEST BANKERS GROUP,
INC.
Mr. Leszczynski advised that the purpose of this meeting was to
adopt the above referred to Resolution and execute a Municipal
Lease and Option Agreement with Midwest Bankers Group, Inc., 9000
Keystone Crossing, Suite 630, Indianapolis, Indiana. Mr.
Leszczynski reminded members of the Board that on Monday, April
18, 1994, the Board approved a Letter of Intent with Midwest
Bankers Group, Inc., concerning this matter. It was noted that
the Municipal Lease and Option Agreement must be executed today in
order to lock into the rate which Midwest quoted to the Board in
their letter of April 15, 1994, which the Board approved this
week. Mr. Leszczynski further noted that the City is in the
process of purchasing miscellaneous equipment which will be lease
purchased.
There being no further questions regarding this matter, Mr.
Caldwell made a motion that the appropriate Resolution be adopted.
Mrs. Manier seconded the motion which carried and Resolution No.
13-1994 was adopted and the Municipal Lease and Option Agreement
was executed:
RESOLUTION NO. 13-1994
A RESOLUTION OF THE BOARD OF PUBLIC WORKS
OF THE CITY OF SOUTH BEND, INDIANA, APPROVING
THE EXECUTION OF A MUNICIPAL LEASE AND OPTION
AGREEMENT WITH MIDWEST BANKERS GROUP, INC.
WHEREAS, the Board of Public Works of the City of South Bend,
Indiana (hereinafter, "Board") has determined that a true and very
real need exists for the acquisition of the equipment described in
the Municipal Lease and Option Agreement presented to this
meeting; and
WHEREAS, the Board of Public Works has taken the necessary
steps, including any legal bidding requirements under applicable
law, to arrange for the acquisition of such equipment.
NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of
the City of South Bend, Indiana, as follows:
1) That the terms of said Municipal Lease and Option
Agreement are in the best interest of the City for the acquisition
of such equipment.
2) That the Board, itself, will execute the Agreement at
today's meeting and will execute all future supplements to the
Agreement at future meetings of the Board of Public Works.
3) The Board hereby designates Jeffrey A. Rinard, Finance
Director for the City of South Bend, to execute and deliver any
related documents necessary to the consummation of the
transactions contemplated by the Municipal Lease and Option
Agreement.
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SPECIAL MEETING
APRIL 21. 1994
Adopted this 21st day of April, 1994.
CITY OF SOUTH BEND
BOARD OF PUBLIC WORKS
s/John E. Leszczynski, President
s/James R. Caldwell, Member
s/Jenny Pitts Manier, Member
The undersigned certifies that the above Resolution has not
been repealed or amended and remains in full force and effect and
further certifies that the above and foregoing Municipal Lease and
Option Agreement is the same as presented at said meeting of the
City of South Bend's Board of Public Works.
Date: April 21, 1994
s/Sandra M. Parmerlee, Clerk
ADJOURNMENT
There being no further business to come before the Board, upon a
motion made by Mr. Leszczynski, seconded by Mr. Caldwell and
carried, the meeting was adjourned at 1:07 p.m.
BOARD OF PUBLIC WORKS
o E. Leszczynski, sident
mes C ld ell, Member
enriy Puffs
AT ST:
Sandra M. Parmerlee, Clerk
r, Member
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