HomeMy WebLinkAboutNo. 0891 approving specifications/plans for additional construction work and the purchase of additional equipment for the St. Joseph/Wayne Parking FacilityC
RESOLUTION NO. 891
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING SPECIFICATIONS AND PLANS FOR ADDITIONAL
CONSTRUCTION WORK AND THE PURCHASE OF ADDITIONAL
EQUIPMENT FOR THE ST. JOSEPH /WAYNE PARKING FACILITY
WHEREAS, the South Bend Redevelopment Commission (the
"Commission ") on the 17th day of June, 1988 approved and executed a
lease dated as of June 1, 1988 between the South Bend Redevelopment
Authority (the "Authority "), as Lessor, and the Commission as Lessee
(the "Lease ") for the rental of certain real estate described in
Exhibit "A" of the Lease and a parking garage facility (the "Garage ")
to be erected thereon by the Authority or its agent according to
plans and specifications prepared for the Authority by C. W. A.
Walker, Inc., the real estate described in said Exhibit "A" and the
Garage being collectively referred to hereafter as the "St.
Joseph /Wayne Parking Facility "; and
WHEREAS, on the 29th day of July, 1988, the Authority and the
Commission approved and executed an Addendum to Lease which reduced
the amount of the annual rental payment as provided for in the Lease
to Four Hundred Sixty Three Thousand Dollars ($463,000) per year (the
Lease and Addendum to Lease shall be referred to collectively
hereafter as the "Lease as amended "); and
WHEREAS, the Authority, on the 17th day of June, 1988, approved
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a Trust Agreement dated as of June 1, 1988 between the Authority and
First Interstate Bank of Northern Indiana, N. A., as Trustee (the
"Trust Agreement ") and authorized the issuance of South Bend
Redevelopment Authority Lease Rental Revenue Bonds (Parking Facility
Project), and there was established and created in such Trust
Agreement a fund designated as the "South Bend Redevelopment
Authority Parking Garage Facility Construction Fund" consisting of
the Construction Account and the Bond Interest Account; and
WHEREAS, the Commission desires that the Authority or its agent
perform additional construction work and purchase additional
equipment necessary for the operation of the St. Joseph /Wayne Parking
Facility as provided for in Section 1 of the Lease pursuant to the
plans and specification which are attached hereto as Exhibit "A"; and
WHEREAS, there are sufficient funds in the Construction Account
to pay for the proposed additional construction and purchase of the
additional equipment by the Authority and the proposed additional
construction does not alter the character of the St. Joseph/ Wayne
Parking Facility or reduce the value thereof; and
WHEREAS, the proposed additional construction and purchase of
equipment will not increase the rental payments as provided for in
Section 3 of the Lease as amended; and
WHEREAS, the Commission desires to approve the proposed plans and
specifications for the additional construction and purchase of
equipment for the St. Joseph /Wayne Parking Facility as attached
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hereto as Exhibit "A" and request that the Authority proceed with the
additional construction and purchase of equipment and the payment of
all costs incidental thereto as provided for in Section 3.01 of the
Trust Agreement; and
WHEREAS the proposed additional construction and purchase of
equipment will not cause a delay in the date that the St.
Joseph /Wayne Parking Facility is expected to be complete and ready
for occupancy.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
Section 1. The Commission hereby approves the proposed plans and
specifications for the proposed additional construction and the
purchase of additional equipment for the St. Joseph /Wayne Parking
Facility as attached as Exhibit "A ".
Section 2. The Commission hereby determines to request that the
Authority proceed with the proposed additional construction and
purchase of additional equipment as provided for in the plans and
specifications approved herein.
Section 3. The Secretary of the Commission is hereby directed to
file a copy of this Resolution with the Authority.
Section 4. This Resolution shall be in full force and effect
after its adoption by the Commission.
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ADOPTED at a meeting of the South Bend Redevelopment Commission
held on September 22
1989, at the office of the Commission, 1200
County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
CITY OF UTH BEND REDEVELOPMENT COMMISSION
By: A),
A Tt ` Pula N. Auburn, Vice President
Roman Pi aseck S car terry
9 -21 -89
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