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HomeMy WebLinkAbout6B2 Res 3220SOUTH 8F Department of Community Investmentt 1865 Memorandum July 10, 2014 To: Redevelopment Commission FROM: David Relos, Economic Resources SUBJECT: Resolution No. 3220 & Addendum to the Master Agency Agreement Nello Equipment Purchase This Resolution and Agency Agreement is to have the Board of Public Works review bid specifications and to advertise, bid, and award equipment purchases for Nello, Inc. At its last meeting on June 26, the Commission approved an Economic Development Memorandum of Understanding with Nello, who agreed within the next 10 years to invest a minimum of $57,000,000 in new capital projects within the City, retain their current 40 employees, and create an additional 524 jobs. The Commission, for its part, agreed to purchase and lease equipment in an amount up to $3,000,000 per year for three years. Staff requests approval of Resolution No. 3220 and the Addendum to the Master Agency Agreement, to have the Board of Public Works be its agent for acquisition of this equipment. «r W. JtrrtKJVN OLVU. bUUIH HtNO, IN 46601 I P: 574 - 235 -9371 1 FAX: 574- 235 -9021 1 SOUTHBENDIN.GOV RESOLUTION NO. 3220 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING AND AUTHORIZING THE EXECUTION OF AN ADDENDUM TO THE MASTER AGENCY AGREEMENT ( Nello Equipment Purchase Project) WHEREAS, effective January 1, 2014, the South Bend Department of Redevelopment, acting by and through its Redevelopment Commission (the "Commission ") and the South Bend Board of Public Works (the "BPW ") entered into a Master Agency Agreement which authorized the BPW to act as agent for and on behalf of the Commission for certain projects during 2014; and WHEREAS, pursuant to the Master Agency Agreement, the Commission desires to add the Nello Equipment Purchase Project to the Master Agency Agreement by way of this Addendum. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: Section 1. The Commission hereby approves the Addendum to Master Agency Agreement Nello Equipment Purchase Project and hereby authorizes its execution in substantially the form attached hereto with such changes as the Commission may deem necessary or appropriate upon the advice of counsel, said execution thereof to be conclusive evidence of the Commission's approval of such changes. The Clerk is hereby directed to file a copy of the Addendum with the BPW. Section 2. This Resolution shall be in full force and effect after its adoption by the Commission. Section 3. Commission staff members are authorized to execute on behalf of the Commission any documents necessary to carry out the intent of this resolution. ADOPTED at a meeting of the South Bend Redevelopment Commission held on July 10, 2014, at 9:30 a.m., in Room 1308, County -City Building, South Bend, Indiana 46601. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT South Bend Redevelopment Commission ATTEST: South Bend Redevelopment Commission ADDENDUM TO MASTER AGENCY AGREEMENT (Nello Equipment Purchase) This Addendum to Master Agency Agreement (this "Addendum"). made and entered into as of the 10 °1 day of July, 2014, by and between the South Bend Department of Redevelopment, acting by and through its Redevelopment Commission (the "Commission ") and the City of South Bend, Indiana, a municipal corporation duly organized and existing pursuant to the laws of the State of Indiana, acting by and through its Board of Public Works (the "BPW ") for purposes of the Commission designating the BPW to act as the Commission's agent to undertake the Nello Equipment Purchase (the "Project")- WHEREAS, effective January 1, 2014, the Commission and the BPW entered into a Master Agency Agreement which authorized the BPW to act as agent for and on behalf of the Commission for certain projects during 2014; and WHEREAS, pursuant to the Master Agency Agreement, the Commission desires to add the Project to the Master Agency Agreement by way of this Addendum. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the BPW and the Commission agree as follows: 1. The Commission hereby empowers and appoints the BPW, pursuant to the Master Agency Agreement, to act as the Commission's agent for the limited purpose of contracting for and managing the completion of the Project, the scope of said Project being more specifically described in "Exhibit A ", attached hereto and made a part hereof. 2. All of the terns and conditions of the Master Agency Agreement shall control this appointment and this Addendum shall be attached to the Master Agency Agreement. 3. Commission members are authorized to execute on behalf of the Commission any documents necessary to carry out the intent of this Addendum. IN WITNESS WHEREOF, the undersigned execute this Addendum to Master Agency Agreement to be effective as of the date first written above. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT South Bend Redevelopment Commission ATTEST: South Bend Redevelopment Commission CITY OF SOUTH BEND, INDIANA BOARD OF PUBLIC WORKS Gary Gilot, President Kathryn Roos, Member David Relos, Member Patrick Henthorn, Member Brian Pawlowski, Member ATTEST: Linda Martin, Clerk Exhibit "A" Nello Equipment Purchase Project Scope and Description: Review bid specifications for equipment purchase, advertise, bid, and award project. Budget: $9,000,000 over a 3 year period.