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HomeMy WebLinkAboutCity of South bend, Indiana Finding it Necessary to Lease Rental Property for the South Bend Water WorksAttest: RESOLUTION NO. 2361 -96 Passed by the Common Council of the City of South Bend. Indiana, May 28, 96 Clerk Attest: LX President of Common Council. Presented by me to the Mayor of the City of South Bend, May 29, 96 19 City Clerk 1151 A a/ Approved and signed by me - 19. G • �°^ Mayor RESOLUTION NO. Z6 A RESOLUTION OF THE COMMON COUNCIL FOR THE CITY OF SOUTH BEND, INDIANA FINDING IT NECESSARY TO LEASE RENTAL PROPERTY FOR THE SOUTH BEND WATER WORKS WHEREAS, the City of South Bend, Indiana is the owner of certain real property and improvements located at 224 North Main Street and known as the South Bend Water Works Administration Building, which building houses the administrative offices of the South Bend Water Works; and WHEREAS, the Water Works Administration Building is used and staffed by employees of South Bend Water Works who did not relocate to the new headquarters, located at 125 West Colfax; and WHEREAS, said Water Works Administration Building is scheduled for demolition, and the new Water Works building, located at 125 West Colfax, will not accommodate the employees who will be displaced by the demolition; and WHEREAS, the most efficient and cost effective allocation of resources warrants the relocation of the Water Works administrative, computer, and billing operations from said Water Works Administration building to a leased premises, rather than constructing an addition to the new Water Works headquarters; and WHEREAS, the owners of the real estate and improvement at 209 North Main Street, South Bend, housing the Main Street Row, are desirous of leasing such real estate and improvements to the City for use as the City's Water Works Administrative, computer, and billing operations; and WHEREAS, the Director of the South Bend Water Works has inspected said Main Street Row property and has found it to be adequately sized, comprising 3,883 square feet and, with improvements, otherwise suited for use as the City's Water Works Administrative, Computer, and Billing operations; and WHEREAS, the Director of the South Bend Water Works has inspected other facilities for rental; and WHEREAS, said rental at Main Street Row is for a period of five (5) years for $213,565.00 for a term of five (5) years, with a monthly rental of Three Thousand Five Hundred Fifty -Nine and 42/100 Dollars ($3,559.42) with an option to renew for two (2) additional five (5) year terms. The rental rate for the second five (5) year term shall be Twelve and 50/100 Dollars ($12.50) per square foot per year. The rental rate for the third five (5) year term shall be Thirteen Dollars and 00/100 ($13.00) per square foot per year; and WHEREAS, the Director of the South Bend Water Works has recommended to the Board of Water Works Commissioners of the City of South Bend that it offer to lease the Main Street Row space for $213,565.00, subject to compliance with I.C. 36- 1 -10 -1 et seq. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL FOR THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: 1. That the Common Council for the City of South Bend, Indiana, hereby declares it necessary for the protection of the public health and welfare of the inhabitants of the South Bend Water Works district and the safeguarding of the property within the district that the City of South Bend, Indiana, for the use and benefit of its Water Works, and acting by and through its Board of Water Works Commissioners lease the following real property, situated in St. Joseph County: 3,883 Square feet of space at 209 North Main Street, South Bend, Indiana 2. That the Common Council for the City of South Bend, Indiana, hereby declares it to be of public utility and benefit to lease the space in Main Street Row. 3. That the Common Council for the City of South Bend, Indiana, hereby establishes the maximum proposed lease of the Main Street Row space to be $213,565.00 for a period of five years. 4. This resolution shall be in full force and effect from and after its adoption. Adopted this JR-6k, day of ���/ 1996. CITY OF SOUTH BEND COMMON COUNCIL PRESENTED NOT APPROVED ADOPTED j' 29-6y Member, Common Council Filed in Clerk's Office MAY 2 2 1996 LOREttdd. DUDS Cm CLERK, $0. BEND, IN.