HomeMy WebLinkAboutNo. 0279 authorizing/adopting an insurance, retirement plan for employees of the Department of Redevelopment, COSBRESOLUTION NO. 279
RESOLUTION AUTHORIZING AND ADOPTING AN INSURANCE AND RETIREMENT PLAN
FOR THE EMPLOYEES OF THE DEPARTMENT OF REDEVELOPMENT, CITY OF SOUTH BEND
WHEREAS the City of South Bend, Department of Redevelopment has no retirement system
in effect for the employees of the Department of Redevelopment; and
WHEREAS the City of South Bend, Department of Redevelopment is interested in adopting
a retirement and group insurance plan for the employees of the Department of Re-
development aid has investigated two or more types of retirement plans available
to the Depart ent of Redevelopment; and
WHEREAS the National Association for Community Development has entered into an
Agreement and Declaration of Trust known as the National Association or Com-
munity Development Retirement Plan Trust for the purpose of establishing, promulgating
and administering the provisions of National Association for Community Development
Retirement Plan B for employee retirement benefits.
The National Association for Community Development is sponsoring a form of retirement
plan known as the National Association for Community Development Retirement Plan B
to meet the needs of Local Publ.ic Agencies of the Department of Housing and Urban
Development.
NOW, THEREFORE BE IT RESOLVED by the South Bend Redevelopment Commission, Governing
Body of the City of South Bend, Department of Redevelopment (hereinafter called the
"Employer ") hereby adopts as the retirement plan for the City of South Bend, Depart-
ment of Redevelopment a plan in the form of the retirement plan, as set out in the
following Articles hereof and agrees to be bound by the terms and provisions of the
National Association Retirement Trust.
BE IT FURTHER RESOLVED that all employees of the Employer at the date of adoption
shall be entitled to full participation in the retirement plan and shall be given
credit for any and all past service of the employee to Urban Renewal (Redevelopment)
and /or a Municipal Agency. Participation for all employees, beginning service after
effective date, shall be mandatory.
BE IT FURTHER RESOLVED that all of the employees of the Employer at the date of
adoption shall be entitled to full participation in the group life insurance plan.
Participation for all employees beginning service after effective date shall be
mandatory.
BE IT FURTHEF RESOLVED that no employee of the Employer entering into the plan
on the initi 1 effective date of the plan shall be required to retire under the
plan until such time as the Employer's contribution has been fully vested; unless
said employeE so elects to retire.
ARTICLE I
nFFTNTTTnNC
Whenever use in this Plan, the following terms shall have the meanings hereinafter
set forth:
1.1. "Plan" means the Retirement Plan as described herein and in the attached
Specifications Supplement, and as hereafter amended.
1.2. "Emplo�er" means the agency which adopts this plan as the Employer.
1.3. "Effec Tve Date" means the date specified in Item 3 of the Specifications
Supple ent.
1.4. "Plan ear" means a period of 12 months commencing of the Effective Date
or an Inniversary thereof.
1.5. "Employ e" means any person who on or after the Effective Date is a regular,
full -ti e employee of the Employer.
1.6. "Participant" means any Employee who on or after the Effective Date meets the
eligibility requirements set forth in Article III or any such person who has
met suci requirements and remains eligible for a pension or other benefit
under tie Plan.
1.7. "Pensio means any benefit payable in a series,of payments in accordance with
the Pla .
1.8. "Funding Agency" means The Prudential Insurance Company of America or any other
legal r serve life insurance company or companies selected by the Association
to receive those contributions of the Employer and not retained by the Trustees
as Admi istrative Charges and to pay the pensions and other benefits granted
under and in accordance with the terms of the Plan.
1.9. "Earnings" means a Participant's basic compensation, excluding overtime,
bonuses, commissions and all other extra compensation.
1.10. "Past S rvice" means the number of full months of service of the employee
to the ICity of South Bend and St. Joseph County or any Department thereto
prior to inception date of the Plan.
1.11. "Association" means the association specified in Item 8 of the Specifications
Supple nt.
1.12. "Truste s" means the Trustees under the Agreement and Declaration of Trust
known as the National Association for Community Development Retirement Plan
Trust.
1.13 "Administrative Charges" means the charges, specified in the National
Association for Community Development Retirement Plan Trust, made by the
Trustees to cover the expenses of the National Association for Community
Develo ment Retirement Plan Trust.
1.14. "Fixed Income Annuity Account" means an account under which contributions
are invested primarily in debt obligations, such as mortgages and bonds,
providing a fixed rate of investment return.
"Variable Annuity Account" means an account under which contributions are
invested primarily in common stocks. The value of the deposits to such
Account will vary, up and down, to reflect investment income and market
value changes. The valuation will be done monthly.
1.15. "Fixed Dollar Annuity" means a series of payments, the amount of which will
vary, Lp and down, from month to month to reflect the difference between
an assumed investment result and the actual investment result, including
divide ds and market value changes, of an investment fund consisting primarily
of common stocks or obligations of the United States Government and instrumentalities
thereo within the guidelines and restrictions of DHUD.
1.16. "Normal Retirement Date" means, with respect to any Participant, the first
day of the month coinciding with or otherwise next following the second to
occur cf the attainment of the 65th anniversary of such Participant's date
of birth and the date he completes the vesting requirements specified in Item
7 of the Specifications Supplement.
1.17. "Early
filled
Suppler
follow=
Retirement Date" means with respect to any Participant who has ful-
the vesting requirements specified in Item 7 of the Specifications
ent, the first date of the month coinciding with or otherwise next
ng the date of such Participant's retirement within the 10 year period
-2-
preceding his Normal Retirement Date.
1.18. "Postponed Retirement Date" means, with respect to any Participant, the first
day of the month coinciding with or otherwise next following the date of such
Partic pant's retirement after his Normal Retirement Date. Employer consent
shall be required for a Participant to continue in employment beyond his Normal
Retirement Date.
1.19. "Retirement Date" means, with respect to any Participant, including a Participant
whose service with the Employer has terminated and who remains entitled to a
pension or other benefit in accordance with Section 6.5, the first day of the
month coinciding with his Normal, Early or Postponed Retirement Date, whichever
is applicable.
ARTICLE II
ADMINISTRATION
The Plan wil be administered by the Employer. Subject to the terms of the Plan and
the group annuity contract or contracts between the Trustees and the Funding Agent
and to Artic e X hereof headed "Delegation of Powers to Trustees ", the decision of
the Employer upon any question of fact, interpretation, definition or administration
under the P1 n shall be conclusive, but each Participant shall be granted the same
treatment un er similar circumstances. The determination of payments to be made by
the Funding gent shall be made in accordance with the terms of such group annuity
contract or ontracts.
ARTICLE III
ELIGIBILITY FOR COVERAGE, PENSIONS AND OTHER BENEFITS
3.1. Each E ployee in the employ of the Employer on the Effective Date who agrees
to makE the required contributions shall become covered hereunder as a Participant
on the first day of the month coinciding with or otherwise next following the
date or which he completes the eligibility requirements with the Employer specified
in Iten 4 of the Specifications Supplement. Each other Employee of the Employer
shall Lecome covered hereunder as a Participant on the first day of the month
coinciding with or otherwise next following the date on which he completes the
eligibility requirements with the Employer specified in Item 4 of the Specifications
Supplement.
3.2. A Participant who attains his Retirement Date shall be eligible to receive a
pensio or other benefit in accordance with Section 6.1.
3.3. The ri hts of Participants arising with respect to Employer contributions shall
be non forfeitable at the time the Participant fulfills the vesting requirements
specified in Item 7 of the Specifications Supplement. The rights of Participants
arisinc with respect to their own contributions shall be non - forfeitable.
ARTICLE IV
CONTRIBUTIONS
4.1. For each Plan Year the Employer shall, on behalf of each Participant make a
contribution or contributions aggregating a percentage, as specified in Item
5 of the Specifications Supplement, of the Participant's earnings during such
Plan Year received after the Participant`became ' a Participant, provided, how-
ever, that no contributions sh-all be made by or on behalf of a Participant on
or after his Normal Retirement Date.
A permanent discontinuance of Employer contributions shall constitute a
termination of the Plan with respect to such Employer. Should such a dis-
continuance occur, Section 8.2 of the Plan shall become operative.
-3-
4.2. If the Employer has elected to provide a pension for Past Service Credit in
accord nce with Item 6 of the Specifications Supplement, then,
(a) w th respect to an Employer which is conducting only an urban renewal
program, the Employer will, during the first Plan Year, contribute
solely in cash for each Participant with Past Service Credit, an amount
which is equal to that which would be required on a basis consistent
w th that used in determining money purchase annuity in the Group
A nuity Contract as of the Effective Date of the Employer's Plan to
p ovide an annual,life annuity benefit for such Participant beginning
at Normal Retirement Date in an amount which can be purchased for by a
p epaid premium determined by the Participant's monthly earnings as of
tie Effective Date of the Employer's Plan multiplied by the number of
m nths of the Participant's Past Service Credit multiplied by five per
cant (5%).
4.3. For ea -.h Plan Year each Participant shall make a contribution or contributions
aggregating a percentage equal to the percentage specified in Item 5 of the
Specifications Supplement, of his Earnings during such Plan Year received
after 3uch Participant became a Participant. In addition, each Participant
may ma e a contribution or contributions in each Plan Year aggregating not
more t an 10% of his Earnings during such Plan Year received after such
Participant became a Participant.
4.4. Contri utions made by or on behalf of each Participant shall be held for
such Participant's account or accounts by the Funding Agent in accordance
with tie group annuity contract or contracts. Such Participant's account
or acc unts, including any amount to be credited to the Participant's account
or accounts shall be adjusted to reflect the administrative charges made by
the Funding Agent.
ARTICLE V
DISPOSITION OF CONTRIBUTIONS
5.1. Each Employer contribution made in accordance with Sections 4.1 and 4.2 and
each Participant contribution made in accordance with Section 4.3 shall be
paid to the Funding Agent through the Trustees and credited toward the individual
account or accounts maintained for such Participant by the Funding Agent. Con-
tributions made under Sections 4.2 and 4.3 shall be credited only to accounts
to pr vide a fixed annuity. Contributions under Section 4.1 may at option of
Participant be credited to an account to provide variable annuity.
5.2. Each Farticipant shall, at the time he becomes covered under the Plan, designate
to thE Trustees and the Funding Agent the proportion of each Employer contribution
made on his behalf which is to be credited toward the Variable Annuity Account,
and t e remainder will be credited toward the Fixed Income Annuity Account.
Such roportion of each Employer contribution made on behalf of any Participant
may bE 0 %, 25 %, 50 %, 75% or 100 %. Each Participant's contribution shall be
credi ed to the Fixed Income Annuity Account. Notwithstanding the above, no
amouni will be credited to the Variable Annuity Account prior to the date
Varia le Annuities are approved for inclusion in retirement plans be the
Depar ment of Housing and Urban Development.
5.3. A Part
percei
to be
Agent
to Sul
date i
icipant may, not more often than once in any Plan Year, change the
tage of any contributions made by the Employer on his behalf which is
credited to each account by notifying the Trustees and the Funding
when such change is to take effect. Such changed percentage shall apply
h contributions received by the Funding Agent on and after the effective
f such change and until any subsequent change is made by the Participant.
-4-
5.4. A Partin
portion
to Empl c
advance
but not
A Parti
any por
the Emp
of the
receipt
A pant may transfer to
of his account in the
►yer contributions by
Such transfer will
earlier than 15 days
ipant may transfer to
ion of his account in
oye at least 30 days
ate specified in such
of such notice.
the Variable Annuity Account all of anv
Fixed Income Annuity Account attributable
notifying.the Trustees at least 30 days in
be made as of the date specified in such notice,
after receipt of such notice.
the Fixed Income Annuity Account all or
the Variable Annuity Account by notifying
in advance. Such transfer will be made as
notice, but not earlier than 15 days after
If a Participant requests a transfer of a portion of his account in the
Variable Annuity Account and if the dollar value of such account after such
transfer would be less than $1,000.00, the Participant will be deemed to have
requested a transfer of the entire account.
Only tw transfers may be made by a Participant, one such transfer being made
before is Retirement Date and one being made at his Retirement Date.
ARTICLE VI
PAYMENT OF PENSIONS AND OTHER BENEFITS
6.1. Each Participant's pension shall commence on his Retirement Date. Subject
to the conditions and limitations set forth in this Article VI, the Employer
shall notify the Funding Agent in writing of the Retirement Date of each
Participant.
6.2. Each Participant's account or accounts shall be applied on his Retirement
Date to purchase an annuity on his behalf, as described in Section 6.3. His
account in the Fixed Income Annuity Account will be applied to purchase a
Fixed Dollar Annuity on his behalf and his account in the Variable Annuity
Account will be applied to purchase a Variable Annuity on his behalf.
6.3. A Participant may elect any one of the following forms of annuity.
(a) Li le Annuity: the first monthly payment will be made to the Participant
on his Retirement Date. Subsequent monthly payments will be made to him
ea (h month thereafter throughout his remaining lifetime, terminating with
thE last monthly payment before his death.
(b) Li le Annuity - Ten Year Certain: the first monthly agreement will be
mace to the Participant on his Retirement Date. Subsequent monthly
pa ments will be made to him each month thereafter throughout his
re aining lifetime, terminating with the last monthly payment before his
de th. If the Participant's death occurs before 120 monthly payments
ha a been made to him, monthly payments will be continued to his de-
si nated beneficiary until 120 monthly payments in all have been made
to the Participant and his beneficiary.
(c) Jo-
Pay
mac
lit
dei
or
to
be
nt and Survivor Annuity: the first montly payment will be made to the
ticipant on his Retirement Date. Subsequent monthly payments will be
e to the Participant each month thereafter throughout his remaining
etime, terminating with the last monthly payment before the Participant's
th. Following the Participant's death, monthly payments of the same
of a lesser amount, as specified in his election, will be continued
the Participant's contingent annuitant. The contingent annuitant must
named at the time this form is selected.
-5-
6.4. If a P rticipant dies before his Retirement Date, a single payment equal
to the total value of his account or accounts held by the Funding Agent
shall a paid to his beneficiary.
The Participant or, if the Participant has not previously done so, the
Participant's beneficiary within 2 years following the death of the
Participant, may elect that, in lieu of a single payment, the Participant's
account or accounts will be applied to purchase an annuity for the beneficiary.
The an uity selected may be any of the forms described in Section 6.3 except
form ( ), Joint and Survivor Annuity. The commencement date of such annuity
may be deferred to a date not later than the 65th anniversary of the beneficiary's
date of birth. If an election to purchase an annuity is not made by the
benefi iary within 2 years following the death of the Participant, a single
paymen with respect to such Participant's account or accounts will be
paid t the beneficiary at the end of such 2 year period.
6.5. If the Participant terminates his employment with the Employer before his
Retireilent Date and after he has fulfilled the vesting requirements specified
in Iten 7 of the Specifications Supplement, an amount equal to his account
or acc ants held by the Funding Agent shall be applied on his Retirement
Date t3 purchase an annuity for him. In lieu of receiving an annuity, the
Participant may, before his Retirement Date, request the Funding Agent to
make a payment with respect to his account or accounts to him in one sum;
provided, however, that such request may not be made (i) with respect to
the portion of his account or accounts attributable to Employer contributions
after the first to occur of his 55th birthday and the date he completes 20
years Df participation in the Plan, and (ii) with respect to the portion
of his account or accounts attributable to his own contributions after the
attain ent of his 60th birthday.
6.6. If a Participant terminates his employment with the Employer before he
has fulfilled the vesting requirements specified in Item 7 of the Specifications
Supple ent, then, unless he is immediately thereafter employed by another
Employer participating in this Plan, he shall forfeit the portion of the
account or accounts held for him by the Funding Agent arising from contributions
made f r him by the Employer in accordance with this Plan for which he has
not fulfilled the vesting requirements. Any such forfeited amounts will be
considered a credit to the Employer and will be used as an offset to future
Employer contributions under this Plan.
ARTICLE VII
GENERAL PROVISIONS
7.1. No amount payable under this Plan shall be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, charge or seizure;
and no such amount shall be in manner liable for or subject to debts, contracts,
liabilities, engagements or torts of the person entitled thereto.
7.2. The adoption of the Plan shall not be deemed to be a contract between the
Employer and any Employee. Nothing contained in the Plan shall be deemed
to give any Employee the right to be retained in the employ of the Employer
or to interfere with the managerial prerogatives and decisions of the Employer.
7.3.
7.4.
All ri hts which may accrue to any person under the Plan shall be subject
to all the terms of the Plan and the National Association for Community
Develo ment Plan Trust.
A Par icipant may designate a beneficiary to receive any death benefit under
the Plan by filing with the Funding Agent a written designation identifying
M
such beneficiary. Such designation may be changed or revoked by written
notic filed with the Funding Agent.
If th Participant's Beneficiary is not a natural person receiving payments
in hi own right, then payment shall be made only in a single sum. If
more than one beneficiary of a Participant is concurrently entitled to.
recei e annuity payments, or if the monthly annuity payment to any beneficiary
would be less than $25.00, or such other amount established from time to
time y the Funding Agent, then, at the option of the Funding Agent, the
value as determined by the Funding Agent, of such annuity may be paid in
a sin le sum.
7.5. Words in the masculine gender shall include the feminine, the singular
shall include the plural, and vice versa, unless qualified by the context.
Any headings used herein are included for each of reference only, and are
not to be construed so as to alter any of the terms hereof.
7.6. The P an shall be construed according to the laws of the District of
Columbia and all the provisions of the Plan shall be administed according
to such laws; all persons accepting or claiming benefits under the Plan
shall be deemed to consent to the provisions of such laws.
7.7. A copy of the Plan and any and all future amendments thereto shall be
available for inspection at all reasonable times to all Participants
at the office of the Employer.
7.8. The Plan and each and every provision thereof shall be binding on the
parti s hereto and their respective heirs, executors, administrators and
assig s.
7.9. The Funding Agent may refuse to make payment to anyone who, in its opinion,
is incapable of giving a valid receipt for such payment. Unless and until
claim shall have been made by a duly appointed guardian or committee of
such rerson, the Funding Agent may make such payment to any person, in-
stitution or agency then, in the judgment of the Funding Agent, contributing
towar or providing for the care and maintenance of such person.
ARTICLE VIII
AMENDMENT OR TERMINATION
8.1. TheErrployer intends this Plan to be permanent and to continue indefinitely
but necessarily reserves the right after obtaining prior written approval
of the Department of Housing and Urban Development to terminate it at any
time or modify, alter or amend the Plan in any respect, retroactively or
otherwise at any time or times. No modification, alterations or amendments
shall deprive any Participant of any benefits theretofore accrued under the
Plan except to the extent required so that at all times the Plan will qualify
pursuant to the applicable sections of the Internal Revenue Code or any
successors thereto.
8.2. Upon termination of the Plan, the account or accounts held by the Funding
Agent for each Participant shall become fully vested in such Participant
and shall be applied to purchase an annuity for such Participant on his
Retirement Date. No Participant shall be permitted to elect a single
payment with respect to his account or accounts held by the Funding Agent
so long as he continues to be a regular employee of the Employer. No
amount may revert to the Employer.
8.3. Anythi
may at
prior
ig in the Article VIII to the contrary notwithstanding, the Employer
any time change the Funding Agent and transfer any contributions made
:o such change, in accordance with Article IV, to such successor Funding
-7-
Agent. Any such change, shall not be considered a deprivation of any
Participant's right to any benefits accrued under the Plan.
ARTICLE IX
LIMITATION ON CERTAIN BENEFITS
9.1. Notwit standing any provision of the Plan to the contrary, if (a) the Plan
is ter inated within 10 years after its establishment or (b) the full current
costs of the Plan are not met within 10 years after its establishment or,
if later, until the date the full current cost are funded for the first time,
the be efits provided by the Employer's contributions for the 25 highest paid
Employees as of the time of establishment of the Plan, but excluding those
whose monthly pension as of such time will not exceed $125, shall be limited
to the benefits provided by the larger of the following amounts:
(1) $20,000, or
(2) ai amount equal to 20% of the first $50,000 of the Employee's average
a nual compensation multiplied by the number of years and fractions
t ereof since the establishment of the Plan to the date the Plan in
terminated or its full current costs are not met, as described in (a)
or (b) above.
9.2. Any amounts arising on account of the operation of Section 9.1 shall be
distri uted among the remaining eligible employees except that if the
benefits of such remaining eligible employees are full funded, then any
such a ounts shall be.
9.3. The above limitations shall not restrict the current payment of any
retire ent benefits in a series of payments of any retired Employee while the
Plan is in full effect and its full current costs have been met, nor shall
the above limitations restrict the amount of any death benefits actually
payable after the death of an Employee whether such death occurs before
or aftler retirement.
9.4. If an Employee leaves the employ of the Employer by reason of retirement or
otherwise while the limitations described in Section 9.1 remains applicable
and such Employee is receiving a benfit in other than a series of payments,
the benefit which he may receive will be limited to the amount determined
in accordance with Section 9.1. If the Employee gives adequate security
to guarantee repayment of any part of the distribution that is restricted
in accordance with the limitation described in Section 9.1, he may receive the
amount to which he is entitled and for which he has given adequate security.
ARTICLE X
DELEGATION OF POWERS TO TRUSTEES
The Employer delegates to the Trustees the power to select and contract with the
Funding Agent, the power to interpret the provisions of this Plan, and the power
to amend this Plan, except the power to amend any of the elections and representatives
made in the Specifications Supplement. If the Employer makes any change in such
items, he shall forthwith notify the Trustees of such changes.
Exercise by
withdrawal
with respec
continue it
ments for q
1954, as am
shall be no
Specificati
he Employer of any of such delegated powers will be considered a
such delegation to the Trustees, whereupon this Plan shall terminate,
to such Employer, unless, by amendment, such Employer arranges to
n force in a manner which permits it to continue to meet the require -
lification under Section 401 (a) of the Internal Revenue Code of
ded in which case the Department of Housing and Urban Development
fied.
ARTICLE XI
is Supplement is hereby attached and made a part of this Plan.
ARTICLE XII
SUPPLEMENTAL GROUP INSURANCE
This Retirement Plan shall be supplemented by Group Insurance in essence as shown
in Group I surance Plan No. 6 which is attached
Life Insur nce provided under Plan 6 will be coordinated with any existing policies
now paid fir by the Employer so that the following limitations are observed:
A. ace value of Participant's life insurance policy is not exceeding
150% of annual salary at date of entering the Plan.
B. mployer contribution for each Participant shall not exceed 112 of
1% of Employee's salary at date of Participant's entering into the
Ian.
ARTICLE XIII
The President of the Redevelopment Commission is hereby authorized to enter into
and execute an agreement with the National Association for Community Development
for the above said retirement plan and the Secretary of the Redevelopment Com-
mission is hereby authorized to attest such execution, and the Executive Director
of the City of South Bend, Department of Redevelopment is hereby authorized to
prepare all necessary documents for said agreement and to administer the plan
for and in behalf of the Redevelopment Commission with all employees having the
right to appeal any decisions made by the Executive Director to the Redevelopment
Commission.
ARTTrl F XTV
Adopted at the regular meeting of the Redevelopment Commission at the office
of the Department of Redevelopment, 120 West LaSalle Avenue, Suite 1001, South
Bend, Indiana, 46601 on the 21st day of November, 1969.
President
ATTEST:
ec
SEAL
"ary
in
Complete in
Trip Iicate
Employer's Ident. No,
blank)
(Please leave
ITEM
INSTRUCTION
PLEASE PRINT OR TYPE
;ITEM
City of South Bend, Department of Redevelop-
Show
full name of Employer
1246 County -City Bldg., 227 W.
men=
Street
Address
Jefferson Blvd.
South Bend, Indiana 46601
City,
State, Zip code
_
2
Sow
date on which Employer's plan
Month Day
2
year
ends .
'
December, 31
effective date of Employer's
Month Day Year
3
3 Sow
plan.
January
Immediate Eligibility (at
$'
employment with Employer,
I.
dicate requirements for Elig -
with no waiting period)
ility for coverage.(See Plan F^
months of service (not
4
4
Art
i.cle III)
to exceed 12 months)
4
Age (not to exceed 25),
3
for employees first em ployed
4 after the effective date of
'
the Employer's plan.
;
Service with other Employers
participating in this Plan is to
=.
be included.
%o of all earnings (not to
Indicate
the percentage of earn-
tr. -
exceed 5%)
5
5
ings
to be contributed by Em-
loyer for each Participant.
a
� ,
Earnings
means Participants' Earnings
"Plan ""
from
the Employer during a Year
(See
Plan section 4.1)
6
indicate
by X whether Past Service
Past Service Credit
?6
fi
Credit
is to be provided.
No Past Service Credit
5
If
Past Service Credit is to be pro-
vided
hereunder, this amount is in
}
+�
addition
to amount specified in item
,';
.
See Plan sections 1.10 and 4.2)
pJrvWCwWWa�Arrw+ra. +�'r.«u
� •s;
SPECIFICATIONS SUPPLEMENT AND PARTICIPATION AGREEMENT
(Continued
ITEM INSTRUCTION PLEASE PRINT OR TYPE ITEM
7 esting requirements. X20% vesting for each of first five 7
See Plan section 3.3.) ;years of participation in the
;Plan.
liParticipation while employed by
.other Employers participating in
+the Plan Is to be included.
z
_J�
8 Show name of association in National Association for 8
which Employer is entitled Community Development.
o participate under this
Ian.
The Employer, by its signature below, hereby adopts as its retirement plan a plan in
the form of the National Association for Community Development Retirement Plan .B and
containing the specifications herei.nabove set forth, which specifications are a part
of such plan. Furthermore, the Employer, by its signature below, hereby agrees to
pay the contributions required by such plan and to be bound by all the terms and
provisions of such plan. j.
i
Further, he Employer agrees to amend its statement of,personnel policy, where necessary,'
to require that: all employees who are presently employed, as of the effective; date,
have the ri.ght .to participate in onto• decline to participate in the retirement plan;
all employees hired after.,,the,.ef:fe,c:ti via, date must join. the retirement plan as a 1
Condition of employment; and all employees who join and participate in the retirement
plan must remain in during their period ;of employment.. 3 t
January 15, 1970 City of South Bend, Department of Redevelopment
Date Employes
By:
Witness - Title
Howard Bellinger, Executive Director
NATIONAL ASSOCIATION FOR COMMUNITY
DEVELOPMENT RETIREMENT PLAN TRUST
Accepted y:
By:
Date Title:
G IA -90
i
National Association for Community Development
Group Pension & Insurance Program
INTRODUCTION
D
_f,
INTRODUCTION
D
N.A.C.D. LIFE INSURANCE PLAN - No. 6
DESIGNED ESPECIALLY FOR H.U.D. LOCAL AGENCIES
THE PREMIM IS EXACTLY 1.0`n' OF SALARY
The Agency contributes. 1/2 of 1.00 of salary
Th
e Employee contributes 1/2 of 1.0,0 of salary
r
•
•
46
HERE IS WHAT YOU -GET FOR 1.0% OF SALARY
I.
N.A.C.D. LIFE INSURANCE PLAN - No. 6
DESIGNED ESPECIALLY FOR H.U.D. LOCAL AGENCIES
THE PREMIM IS EXACTLY 1.0`n' OF SALARY
The Agency contributes. 1/2 of 1.00 of salary
Th
e Employee contributes 1/2 of 1.0,0 of salary
HERE IS WHAT YOU -GET FOR 1.0% OF SALARY
I.
Life Insurance according to schedule below
- PLUS -
24 Hour Accidental death and dismemberment
- PLUS - c
111.
Dependents Life Insurance according to schedule belowi
- PLUS -
. Waiver of premium for employees below age 60 %
HERE ARE THE SCHEDULES:
I.
Life
Insurance*
EEp123reels
&e Amount of Life Insurance
Less
than age 45 150% of employee "s
annual salary
Age 1.5
but. less than age 55 1000 of employee's
annual salary
Age 55
but less than' age 65 50% of employeets-
annual salary
Age 65
and over 20% of employee's
annual salary
Pre
`um rate included in'1 %_of salary.
II.
24 Hour
Accidental Death and Dismemberment Insurance*
to eels A e Amount of A.D.&D. Insurance
`
Less
than age 45 150% of employee's
annual salary
Age 1.5
but less than age 55 100% of employeets
annual. salary
Age
5 but less than age 65 50% of'employeets
annual salary
Age 65
and over 20% of employee's
annual salary .
Prem
um rate included in'l% of salary..
III.
Dene
dents Life Insurance
For husband
or wife
$1,000.00
For each
dependent., unmarried child below age 19
(or
below age 21 if a full -time 'student)
14 days
but less than 6 months
100.00
6 months
but less than 2 years
2-years
but less than 3 years
.200.00
100.00
3 years
but loss than 4'years
600.00
4 years
but less than 5 years
800.00
5 years
or more while, eligible
1,$000.00
IV.
Premium
Waiver
rate included in 1% of salary.
of Premium while disabled below age 60 according to the Contract.
Premium
rate-'included in 1% of salary.
*Maid
mum
ount: $40,000.00
October 13, 1969'
4:00 P M. 120 W. LaSalle Ave.
Presiding Officer: Mr. Donald A. Wiggins, President South Bend, Indiana
1. he South Bend Redevelopment Commission, Governing Body of the City
f South Bend, Department of Redevelopment,-met in a Special Meet -
ng, at 120 West LaSalle Avenue,, Suite 1001, in the City of South
end, at 4:00 P.M., E.D.T., on the 13th day of October, 1969- -the
lace, hour, and date, duly established for-the holding of such
eeting.
,.he President called the meeting to order and the following Com-
issioners'. were present for the roll call
Mr. Donald A. Wiggins, President
Mr.- Dean J. Wilhelm, Vice President
Mr. John E. Chenney, Secretary
Mr. Fred J. Helmen, Assistant Secretary -
Rev. Willie V. Williams, Member
Legal Counsel: Mr. Bruce C. Hammerschmidt
PA . Staff : Mr. Willi-am J. Parrish, Real Estate Officer
Mrs. Helen S. King, Secretary
2. his Special Meeting was convened pursuant to a duly dated and
igned Notice of Special Meeting which was mailed and telephoned
o' each Commissioner in due time, form, and. manner_as required by
raw. Said'Notice read as follows:
- NOTICE OF SPECIAL MEETING TO THE COMMISSIONERS
OF THE SOUTH BEND REDEVELOPMENT COMMISSION,
GOVERNING BODY OF THE CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
Notice is hereby given that a Special Meeting of the
South 'Bend' Redevelopment Commission, Governing Body of the
City of South Bend, Department of Redevelopment, will be
held at Suite 1001, LaSalle West Building, 120 West LaSalle
Avenue, in the City of South Bend, in the regular meeting
place thereof, at 4:00 P.M., on the 13th day of October,
1969,,.for the purpose of , review and approval of acquisition
,prices for. certain: ,parcels in the,, entral Downtown Urban
Renewal Project', " Indiana R =66:
`l_
1
Dated this 9th day of October, 1969♦
Donald Wiggins, President
CERTIFICATE OF SERVICE;
I, John E Chenney,'Secretary, of the City of South
Bend Redevelopment Commission, Governing Body of the City
of South Bend; Department of Redevelopment, hereby certify
that on the 9th -day of October, 1969, I served-a true copy
of the - foregoing >Notice of Special Meeting on each and
every Commissioner of the South Bend Redevelopment -Com-
mission, Governing Body of the City of South Bend, Depart
ment of Redevelopment, in the following manner by tele
phone and by mail.
Witness my hand this 13th day of October, 1969♦
John . enney,- Secretary
Redevelopment Commission'
(SEAL)
3. Fresident Wiggins introduced RESOLUTION NO. 275, a resolution
uthorizing the filing of HUD -6144, "Request for Concurrence in
cquisitign Prices," Indiana R -66.
Mr. Bruce C. Hamnerschmidt, Legal Counsel, apprised Resolution
o. 275 is for the concurrence in acquisition prices of 88 parcels
Of real estate, which the staff feels are fair and reasonable and
re the result of three separate appraisals for each of the .88
arcelt, in the Central Downtown Urban Renewal Project., Indiana
-66♦ He stated; hp. concurs, with; the, staff.,and recommends the
ommission- authorize the submission of the concurred -in values
to the Chicago Regional Office of the Department of Housing and
rban Development for their approval.
resident Wiggins asked if the acquisition prices are within the
acceptable spread,,previous,ly maintained. Mr. Hammerschmidt ap
rised they are within the 15% spread.
r
r. Wilhelm Jnqu ,re,d I'Jf (44009nal 4pprai,$A1 XJJ1 ,4e s,ubM tted at
later da(ts? Mr,. P,arrish_silatod ii -aRprIft s, 4M not Yet, lira,
nd these
.;.Ifni l4 iVi:i 11111 'Body 61 Ilic 1.6 iy Ui . 0ulj lY
4.
he acquisition prices were not disclosed,as President Wiggins
tated these amounts cannot become public record until they are
pproved by HUD, in Chicago, as they are not final until approved.
e requested a motion to submit the concurred -in values to the
hicago Regional Office of the Department of Housing and Urban
evelopment for their approval. On motion by Mr. Wilhelm, seconded
y Mr. Chenney, Resolution No. 275 was adopted, which authorizes
he filing',of HUD -6144, "Request for Concurrence in Acquisition
rices for'88 Parcels," in the Central Downtown Urban Renewal
roject, Ind. R -66. Said motion was unanimously carried.
he question was raised by several Commissioners as to when the
roperties' will actually be acquired and what answer can be given
o the public when raised. Mr. Hammerschmidt apprised that after
ixty (60) days, options can be taken and the staff can start ac-
uiring the properties. President Wiggins stated this will depend.
n both the market and the availability of funds. Some options can
e taken, but until we get a large volume of money, we cannot buy
he property. Mr. Hammerschmidt stated: "The first part of January,
970 we will definitely be in a position to acquire property from
eopife who'.want to sell." President Wiggins asked what the ceiling
s on temporary loan notes now. 'Mr. Hammerschmidt said he believed
t was 6 %.'
'resident Wiggins requested the Commission Legal Counsel, Mr. Hammer -
,chmidt, to consider setting up an insurance and retirement program
`or our staff, which has been discussed previously. He apprised the
3 ty's pension program has been ruled out. The Park Department and
'he Housing Authority have their own programs, and, if the Commission
iould so desire, this Department may also have their own program. Mr.
lammerschmidt apprised that there is a question of the legality of
these programs and this will require further. evaluation.. He stated
:he State Board of Accounts has thrown out four programs, as not be-
ing qualified, or permitted plans, under the state law and under the
lttorney General's interpretation of the law. The State Board of Ac-
:ounts is via the state plan.. Park Department and Housing Author-
ity's pension plans are not under, the state plan. 'HUD add NAHRO have
;uidelines for programs they permit. Ten (10) programs qualify with
IUD.
5. ith the conclusion of the business for which this meeting was called,
n motion 'duly made and passed by Mr. Chenney, the meeting adjourned
it 4:35 PM.
.. -3-
2.
3.
aPP
sex
SOUTH BEND REDEVELOPPNENI' COMM-A'S510111
SPECIAL MEETING
-,r
1.4, 1969
iidinq Officer:
120 W. LaSalle si've.
Mr. 'Donald A. Wiggins. President. South Send, Indiana
The South Bend Pedevelopment Comission., Governing Body of the Cil"Y
South Bend, Departnent of Redevelopment, met in A Special Meet-
ing, at 120 West LaSalle Avenue, Svite 1001, in the City of South
Bend, at 4:00 P.M., E.S.T , on the 14th day of November, 1969--the
place, hour, and date,,duly established for the holding of such
meets gag.
Thi President called the meeting to order and all the Comissioners
were present for the roll. call, as follows:
Mr. Donald A. Wiggins, President
Mr. Dean J. Wilhelm Vice President
.-Mr. John E. Chenney, Secretary
Mr® Fred J. Helmen, Assistant Secretary
Rev. Willie V. Williams, Member
Legal Counsel :i.."l Mra. Bruce C. Hammerschmidt
.LPA Staff: Mr. Howard Bellinger, Executive'Director.
Mr. L. Glenn Barbe, Assistant Di .rector
Mrs. Helen S.- King, Secretary,
Others Present: Mrs.: Guy P. Curtis,' Secretary,' Board of Trwtees
Mrs. Janet S. Allen, Common Council Member
Mr Jack Bowe WSBT-TV Reporter
Mr. Jim Miller, South Bend Tribune Reporter
Mis Special Meeting was tonvened pursuant to a.duly dated and
signed Notice of Special'Meeting which was hand delivered and
telephoned to each Commissioner in due time,, form,, and manner
.required by law.
scants and -select nec Bellinger
rised-HUD has no I Ua—t we can expect, possibly,, by the
ter part of next week., the initial concurred-in prices for the
teal Downtown Urban Renewal Project, R -66.: The HUD representative
made on-site inspection of substantially 41-,of the properties;
Bel
be 4
ones remaining will be inspected in the very 'near future. Mr.
finger appris'ed that this is quite a job, as every propert,? must
hecked for confomity with the appratsa),,
Pre idea Wiggins Stated, tha4- during the past several weeks, the COM-
r.3iisdion has interviewed several candidates for the position of negoti-
ator for -the Central Downtovin Urban Renewal Project, Indiana Pe-6.6, and
the following were Interested in the position=..,
im
1. Associated Realty Comporation
2. Davis Realty
3. Parrett W. Eckert
4. Richard A. Nuessel L Company
S. Hubert N. Weaver
Adent Wiggins asked the Commission to name the candidate of their
ice and the best suited for the position,, or to give an alternate
lestion.
Mr.
I
Fr]
02�
price we are able to o"iffer them is a fair, adequate and just prlce fDr
thafin property. The 'concurred-1 n rprice will be ti-te average of thlre•
sc,!��arate private appraisals, whlc! are submitted. to HUD for
proval
mr, Jim Miller, South Bend! Tribune Reporter, asked how many; parcels
arf involved for the negotiator to contact? Mr, Bellinger apprised
abc ut 230 parcels are involved 644 the Cehtt-Nal Downtaw,,,l Project.
wi 1, 1 be soise, vary ante i n the parcel s some way be emoyed
sil ion.
Mr. Jack Bowe, WSBT-TV Reporter, inquln�,*11 i` the negotiator x l"i Z'_7. '115 r.
p1d ed on a per month salary basis or Ontractual lbast.'s. Mr. Belli r
'Y _.4e
apPrised the negotiator's fee All be based in the established c, #a' i'l de-,
lide of negotiator fees set by HUD and is aced on the V-111W of aaqh
property.
01 '_
Mr. Bellinger apprised appniximately 10 dill :on Dollar., Is Vine appr '1 11
mate amount of real estate to be acquired in ttiis project. Mr,
Wiil be on a contractual agreement with the Camission, will be
sifile to the Co mission, and whoever.Mr. WeAver hires will be pintk-r 'Ar,
Weaver and paid by him,
b,, Review and select # f
ToTd V, I Ti I
I o P m e, A— r5t-aw --F W un an I m o u, g
Wis , reyd to
once am to—place -on the agenda for next Reagular Co=lssinr
i ng.
c. Other business.- - Mr. Helmen irvtuired as to whalt,
b madC—onT_tF_e_E_etter of Comitaient'! 'lr. Bruce Haweirschraidt &,
cussed the exception taken in the letter and said he is currently
ing with HUD on this, The Is no probl,.,,,v with the railroad., 17,�Pey -rz
vet7 accomodating and in agreemerut.
4.
14ith the conclusion of the business :-ar whiff this meeting w;a_,ti
called, on motion duly made by, the C(umissian menberi, th,�
adjoumed at 4:55 PA.
-3-
Nov er 21, 1969
10. A. M.
Pre
1.
Present:
egal Counsel:
PA Staff:
SOUTH BEND REDEVELOPMENT MISSION
REGULAR MEETING
Mr. Donald A. Wiggins, President
Mr.
Mr.
Mr.
Mr,
Rev
120 W. LaSalle Ave.
South Bead, Indiana
Donald A. Wiggins, President
Dean J. Wilhelm, Vice President
John E. Chenney, Secretary
Fred J. Helmen, Assistant Secretary
Willie V. Wi I l i ams , Member
Mrs. Guy P. Curtis, Secretary, Bond of Trustees
Mrs. Janet S. Allen, Common Counctl Member
Mr. Marchmont Kovas, South Bend Tribune Reporter
Pars. Jane Maager, WNDU -TV Reporter
Mr. James Marchelewica, 14NDU -TV Photographer
Mr. Dale Murphy, South Bend Tribune Photographer
Miss Carolyn Woolridge, Urban League Representative
Mr. Bruce C. Hammerschmidt
Mr. Howard Bellinger, Executive Director
Mr. L. Glenn Barbe, Assistant Director
Mrs. Helen S. King, Secretary
'Other Staff
rs Present: Rev. Billy W. Kirk
Mrs. Dorothy Z. Deane
2. APPROVAL OF
motion by Per. Chenney, seconded by Mr.
With lm, the minutes of the Regular Meeting of
Nov er 7, 1969 and of the Special Meeting of
No er 14, 1969, were approved and unanimously
pass d.
3.
Will
and
$27,
n motion by Mr. Heimen, seconded by Rev.
ams, the claims, as submitted, were approved
nanimously passed for payment -- totalling
16.72.
-1-
MINUTES APPROVED
CLAIMS APPROVED
3.
kIMS (ConjLd)
:-'S ACCOUNT FUND R-56
.Re plac ment Housing Payment
- Yolan Boz sanyi, #4-10 5 12 000.00
Total $ 516M.00
PROJECJ EXPENDITURES ACCOUNT FUND R-57
I
Ca
IT
ion Claims
He Williams,
$ 117.00
station Claims
4..-Powel-1--.,.,& Son,;: Inc.
1,j765.00
ay,tonstruction--compony
3,000*00
ay,-,Cons,truction, Company
3,000.00
1,.,.E.,,Becher Mileage
13.80
dit Pureau. qf South Bend.
46.00
artment of Housing & Urban.
Development,.
140.00
6arid'A. Midi son -- t1ileage
12.70
thern Indiana Heating. Co....
86.22
iel A. Snyder
611.20
Total
EXPENDITURES ACCOU14T FUND
R-66
ice C. Hammerschmidt
-
49 500.00
,OPMENT REVOLVING FUND
,roll: November I to November 159 1969
Howard Bellinger
$ 604.16
L. Glenn Barbe
437.50
Vi -Vi an' 0. Bond
:194.37.-
Dorothy Z. Deane
278.33
Gordon L. Harrell
Dorothy N. Howell
207.50
Patricia L. Joers
194:37
C. E. Maxwell
333.33
W. H. Miller
343.75
H. J. Parrish
354.16
Billy a Kirk
354.16
Joanna Wantuch
183.75
G. B. 'Hatkin
91.66.
.
Earl King
333. 33'
Helen S. King
236.25
John K. O'Brien
333.33
-2-
IN
3. 1
APPROVAL OF CLAIMS (Cont'd)
w r
William P. McRae $ 291.66
Billie Jean Wesley 183.75
Rita M. Kurth 86.00
Richard A. Madison 315.41
Viella Wheeler 60.00
Paul E. Becher 291.66
Ault Camera Shop
Barany- Caverly- Scheid Insurance Agency
Deneen Corporation
Indiana & Michigan Electric Company
Indiana Bell Telephone Company
Jordan Motors, Inc.
South Bend - Mishawaka Chamber of Commerce
South Bend Water Works Postage
Total
FUND
Housing Authority of South Bend
Indiana & Michigan Electric Co.
Northern Indiana. Public Service Co.
Northern Indiana Public Service Co.
Keith E. Proud
South Bead Water Department
4.1 COMIUNICATIONS
Total
GRAND TOTAL
a. HUD letter dated November 18, 1969: Mr.
Thimas S. Kilbride, Assistant Regional Administrator
fo Renewal Assistance of the Department of Housing
and Urban Development, in Chicago, advised they
ha a completed their review of the documentation
pe taining to properties owned by the Grand Trunk
Ra iroad, and it now satisfies the special contract
co dition, on Parcel Nos. 18 -8, 19 -6 and 20 -10, for
wh ch exception had been taken in HUD approval letter
da ed November 5, 1969.
Mr Bruce C. Hammerschmidt, Commission Legal Counsel,
advised we should be receiving a corrected letter
fnxn HUD, with the two outstanding conditions re-
moved:
1) No litigation certificate. Mr. Hammerschmidt
ad ised he submitted this certificate to HUD July 24,
1909, which stipulates there is no litigation pending.
-3-
$ 6,181.43
11.72
63.00
30.00
23.09
113.53
119.86
25.00
29.67
$ 175.50
20.00
35.00
10.00
40.00
48.00
328.
$ 27416.72
SPECIAL CONTRACT
CONDITIONS APPROVED
BY HUD, CENTRAL DOVIN-
TOWN URBAN RENEWAL
PROJECT, R -66
4. C01MUN I CATIONS (Cont' d
2 ) Grand Trunk Western Railroad Company
property. This is now satisfied, per above.
S. OLD BUSINESS
6.7.- NEW
BUSINESS
aj
Consul tin services for re aration of°
CITY PLANNING
Amend
to Application: Consideration was requested
ASSOCIATES, INC.
on���two
proposals received for consulting work to-
APPROVED. FOR CON -
prepare
an amendatory application in the Industrial ,SULTANT
INDUSTRIAL
Expans
on Project,'R -56. The on inal plan was
EXPANSION PROJECT,
based
n the needs of Cummins Engine Company, as
R -56
the prospective
buyer, with no internal street -:
system
required. The firm's local plans in the
interim
changed substantially, resulting in,their
moving
out of town. If their action had been -con-
sidere
s a possibility during planning, -a proposed
tentat
street system would have been included.in
., "the p1
Lnn. South Bend Supply Company has purchased
;-the tr
of land and has presented a tentative site
..develo
nt plan requiring access roads. The. two
proposals
are from the following firms:
Y .
City Planning Associated, Inc., Mishawaka
The total compensation shall not exceed
the maximum sum of $5,000. An accompany-
ing letter stated the - :billing would be
for actual.hours worked,.and, in all.like-
lihood, would not exceed $4,,300.
2)
Huff -- Neidigh & AssocI,ates z,South Bend.
A contract price of.$4,250,.constitutes
complete compensation.for all services.
Mr. Be
linger apprised that we `do not have the staff
availa
le for this work, with the Downtown, Code En-
force
t, Ohio - Keasey and model Cities programs.mov,
ing in
shortly. y
Pres i d
nt Wiggins asked Mr. 'Bel i i nger which of ' the
two fi
s could be expected to accomplish the work
faster
Mr. Bellinger.apprised both firms are capable
of doi
g the job. The work involved.here would. be
mechan
cal in nature.and: will not include revision
-4-
6.
NEW BUSINESS (Cont'd)
of the plan. However, the total application must
be reconstructed to incorporate added site improve-
ments, to meet the needs of the developer. The time
element in preparing the Amendatory is very critical
d to scarcity of Federal funds. Therefore, the
datory Application must be correctly assembled
wi all dispatch. Because of the nature of the
jo , planning qualifications do not need to be
ev luated. What must be considered is which firm -
is best equipped to perform a critical, and, yet
ba ically, a mechanical function.
On motion by Mr. Helmen, seconded by Mr. Cheney,
t contract was awarded to City Planning Associates
fo their proposal and the motion was unanimously
ca i ed.
b. Resolution No. 278: This Resolution is to
approve a provide oor ►e execution of a proposed
Loan and Capital Grant Contract, numbered Contract
No. Ind. R- 66(LG), between the City of South Bend,
Department of Redevelopment and the United States
of America, pertaining to Project Ind. R -66 and
establishing a project expenditures account with
respect to said Project. The Commissioners in
f rmally executed this Contract, after the Execu-
tive Session, with the news media present. Mr.
flinger apprised the execution of this contract
w 11 be sent inmediately to HUD, in Chicago, for
t it execution, and the monies should be received
s rtly to carry out the Downtown Urban Renewal
P ram, Ind. R -66. This is for a loan of
$ 1,7099075 and a grant of $11,649,792. The City's
a tual cash contribution to the project is esti
ted to be about 7.5 Million Dollars. President
W ggins apprised the news media that the execution
o this contract is the culmination of eight years
o intensive and sometimes frustrating work by the
issioners, as well as the Redevelopment staff;
a d the office of the Mayor.
a
C
Bellinger gave a brief outline of the Downtown
,ogram and stated that there will be a substantial
ange in the street system, with a pedestrian mall
ong Michigan Street. He stated the post office
to can be acquired by early part of next year.
arles W* Cole & Son, Inc., South Bend, has been
arded a contract by the U. S. Post Office Depart -
nt for the architectural- engineering work on the
main Post Office, in the Central Downtown Urban
reveal Project, R -66. With the completion of the
-5-
RESOLUTION N0. 276.
LOAN & COITAL GRANT
CONTRACT. CENTRAL
DWffM WNN RENEWAL
PROdECT,_R -66
6, NE
d BUSINESS (Copt' d)
design
work by the architectural firm; construction
should
begin in 1971::.; Pair. Bellinger stated the
staff
ias moved asquickly as possible with the
antici
)ation of the Loan and Grant:Contract being.
approv
d, and said: "Ile-were confident this
Program
would be approved." The appraisal work
is all
completed and we should: -begin receiving_
concurrence
in acquisition prices`by next „,week:
At the
last Special Commission Neeting of i ovember
14, a
egotiator was selected for the Downtown
Projec
, 11r. Hubert I.N. Weaver & Associates. The
first
tage is to have money available to -purchase
proper
ies.
Mir. He
men asked if we can take some options be-
fore tie
first of the year? Hr. Bellinger stated
th`at.x9
al: ::has been set:_and -he believes the staff
card "aa
e. options before-_the. close of the ,,year:
P:resid
n=t liggins requested 'a motion . for approval
of Res”
1uti on. too. 278; authoei-zi ng the execution
for the
Loan and Capital : Grant °Contract.- On:
motion
by Mr. Wilhelm, seconded by Rev. Williams,
Resolution
No. 278 was unanimously = approved
Mrs. Janet
S. Allen, Common Council Member,
raised
the question pertai -ning to streets as-
plans
are being made, what consideration is
given
to the No. 2 Fire Station, .locate&on 11Q
East Marion?
Mr. Bellinger..apprised considera-
tion has
been given to the Fire Station, and the
plan in
the one - way -, street -system° .. should 'make
that fire
station more effective than it is now:
c.
Resolution No. 280: :This Resolution
RESOLUTION NO. 280,
author'zes
the issuance-of-Project Loan Notes, for
PROJECT LOAN NOTES,
the Ce
tral Downtown :.Urban Renewal °Project, R -66.`
CENTRAL DOVINTO� N
This i
the mechanicsrestablished by above Resoiu-
URBANEWAL PROJECT,
R M
tion N
. 278, approved by Commission. On motion
R -66:
by Mr.
Chenney, seconded by Mr. Helmen, Resolution
'rho. 28D
was unanimously approved.
d.
Resolution No..:281.: This .-is a master reso-
RESOLUTION NO. 281,
lution
authorizing the sale, issuance and2delivery
MASTER RESOLUTION,
of project
notes and the.execution of ,requisition
CENTRAL DOWNTOWN
agreements,
in the Central - Downtown Urban Renewal
URBAN RENEWAL PROJECT,
Project,
R -66. This authorizes the Redevelopment
- R -66
Commis
ion to issue project notes from.time to
time a
needed for our working capital and to pay
off p
viously issuedproject: notes as they come
due.
�1r. Bellinger felt this master resolution
will s
ve time.
6.
I
On mot on by Fir. Chenney, seconded by Mr, Wilhelm.,
Resolution No. 281 was unanimously approved.,
e. Option A reement: Approval and acceptance
was re nested of one 1 Option Agreement, for Parcel
No...12 7,_.in the LaSalle Park Urban Renewal Project,
R -57 President Wiggins entertained a motion for
approval and to authorize the President to sign the
option Motion was made by Rev. Williams, seconded
by Mr. Wilhelm, and unanimously approved.
f. Change Order No. 2 to Woodruff & Sons Inc.
Contract No. Approval was requested or a change
order to cover the cost of demolition for Parcel Nos.
22 -12 and 45 -4, in the LaSalle Park Urban Renewal
Projec , R -57. One property was originally considered
for re abilitation and proposed for use as a site
office the other was omitted from the original con-
tract. The cost for demolition is $500 each, which
compa s to the unit price in the contract for homes
demoli hed of smaller size. On motion by Mr. Helmen,
second d by Mr. Chenney, Change Order No. 2 was ap-
proved and unanimously carried.
OPTION AGREEMENT
APPROVED, PARCEL NO.
12 -7, LASALLE PARK
URBAN RENEWAL PROJECT,
R -57
CHANGE ORDER NO. 29
CONTRACT NO. 5,
LASALLE PARK URBAN
RENEWAL PROJECT, R -57
g.
Contractor Change: The property owner had
CONTRACTOR CHANGE,
selected
Batteast Construction Company, as their
PARCEL N4. 29 -i,
contractor
for rehabilitation work, involving Parcel
LASALLE PARK URBAN
No. 29-1.
The property owner is now requesting a
RENEWAL PROJECT,
contra
for change and wants to select Builders United
R -57
Enterp
ise. Batteast Construction Company is agree-
able to
the change. Mr. Hammerschmidt apprised the
Contra
t will have Batteast Construction Company re-
main a
the builder and Builders United Enterprise
will
the subcontractor, reporting to Batteast
Constr
ction Company, and Mr. Robert Batteast will
be res
onsible for the completed work. Authorization
is reqjested
for Commission approval of a subcontrac-
tor, aid
on motion by Mr. Wilhelm, seconded by Mr.
Chenne
, Builders United Enterprise was authorized
for tha
subcontractor. [1r. Chenney stated if the
props Mtion
y owners want a change, he is in favor of
it.
was unanimously passed.
h. Negotiator's Contract: Approval was re-,
queste for the selected ed negotiator's contract, Mr.
Hubert M. Weaver & Associates, subject to final
legal approval... President Wiggins asked if the
contra t needs to be approved by HUG. Mr. Barbe
appri's d the manual specifies if we accept HUD's
standa d form, without changes, we do not need HUD
appro 1. Mr. H46merschmidt advised only a few
-7-
NEGOTIATOR'S CONTRACT,
CENTRAL WITOWN --
URBAN RENEWAL PROJECT,
R -66
6.
BUSINESS (Cont'
minor hanger are required and would not need
HUD ap roval. On motion by P1r..Chenney, se-
conded by Rev. Williams, the negotiator's con
tract as, approved, subject to final legal ap-
proval and motion was .unanimously passed.
i Retirement Program: Due to insufficient RETIREMENT` PROGRAM
time io discuss the Retirement Program, Mr. Bruce
C. Hannerschmidt, Commission Legal Counsel, re
quested the Commission to select, by consent, one
of the insurance firms and obtain a final plan.
The in urance firms who have submitted proposals
are;
1) The Prudential Insurance Co. of America
2) Aetna Life & Casualty
3) 14ashington Hational.Life
4) Metropolitan Life 'Insurance Cm,
Rev. W lliams suggested two firms be selected to
obtain ft.na.l pension plans, in lieu. of one firm
suggested, and this met with unanimous approval by
all Coi mission ers:
Mr.tHe men and Rev. Williams stated, in their
expert nce working with insurance companies, the
contra utions remain identical; however., the
actual benefits the employee receives are not
identi al, but vary greatly.` Mr. Helmen stated
his on y concern is to get the best plan available
for th least amount of contribution.
A prop sal was made to select a Committee of two
Commis ioners to work with the staff and obtain
two fi al pension plans. The two Commissioners
nomina ed were Mr. Helmen and Rev. tilliams, as
Mr. H erschmidt felt these.two,Commissioners
are the most qualified and experienced in this
field. Mr. Helmen and Rev. Williams agreed to
.Serve in an advisory capacity for the pension
plan.,.fir. Helmen suggested Lincoln National
-Life Insurance be contacted for their proposal.
j. Disposition Parcel No.. 17 -28: Authoriza- DISPOSITION PARCEL
tion was requested for Commission approval of . 17 -28, LASALLE
Disposition Parcel Pao. 17 -28, the quit -claim ded PARK URBAN RENEWAL
to be conveyed to Charles E. Stafford. Motion for PROGRAM, R•57.
approval was unanimously passed-by all Commissioners.
-8-
7. PROGRESS REPORTS
a. Code Enforcement Program: Mr. Bellinger
apprised two very successful meetings have been
held with the area residents in the near Northeast
area. HUD officials were in our office November
13; 19 9 and found the project area acceptable.
Hope fu ly, the applicaton can be submitted to the
City uncil for its December meeting.
8. NEXT MEETING
Th . next regular meeting of the Redevelopment
Comi.s ion .will be at 10:30 A. M., Friday, December
5, i ,.in the Office of the Department of Re.
develo ot.
9. ADJOUR14MENT
On motion duly made by Mr. Helmen, the meeting
adjourned at 12:10 P.P.
.9.
CODE ENFORCEMENT
PROGRAM
NEXT ME,ETING,;
DECEMBER 59 1969
ADJOURNMENT