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REGULAR MEETING OCTOBER 28, 1996 <br />WHEREAS, the Board of Public Works of the City of South <br />Bend, Indiana ( "Board "), on October 28, 1996, received a Petition <br />signed by fifty (50) owners of real property of the City of South <br />Bend, requesting that the Board provide office space for the <br />offices of the City of South Bend, Department of Economic <br />Development, Division of Planning, by entering into a Lease <br />Agreement with the 1st Source Bank of South Bend, Indiana, for <br />approximately 2498 square feet within the building known as the <br />First Bank Building, 205 W. Jefferson, South Bend, Indiana, for A <br />term of one (1) year, with an annual rental of Twenty -seven <br />Thousand Four Hundred Seventy -eight Dollars ($27,478) with an <br />option to renew for two (2) additional one -year (1) periods years <br />at this same rental; and <br />WHEREAS, the Board also received, on October 28, 1996, a <br />certificate of the St. Joseph County Auditor certifying that the <br />verifier of the petition and the signatories of the petition are <br />taxpayers of property located within the corporate limits of the <br />City of South Bend; and <br />WHEREAS, pursuant to IC 36- 1 -10 -7 (2) requires, prior to the <br />Board of Public Works entering into such a lease agreement, that <br />the Common Council, after investigation, determine that the same <br />is needed. <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND COMMON <br />COUNCIL, AS FOLLOWS: <br />1. That the Common Council has conducted a public hearing <br />on this resolution, and has heard persons desiring to speak in <br />favor and opposed to the adoption of this resolution. <br />2. That the Common Council finds that the City of South <br />Bend does not have adequate space available in the County -City <br />Building located at 227 West Jefferson Boulevard, South Bend, <br />Indiana, to house and staff and operations of the Department of <br />Economic Development, Division of Planning ( "Department "). <br />3. That the most efficient and cost effective allocation of <br />resources warrants the continued lease of office space outside <br />the County -City Building. <br />4. That approximately 2498 square feet of office space is <br />available within the building known as the First Bank Building, <br />205 West Jefferson Boulevard, South Bend, Indiana, and is <br />proposed to be leased to the City of South Bend for the use of <br />the Department. <br />5. That on October 28, 1996, a petition signed by fifty <br />(50) taxpayers of the City of South Bend, Indiana, was filed with <br />the Board of Public Works of the City of South Bend, Indiana <br />requesting that it provide office space for the offices of the <br />City of South Bend department of Economic Development, division <br />of Planning, by entering into a lease agreement with the 1st <br />Source Bank of south Bend, Indiana, for approximately 2498 square <br />feet within the building known as the First Bank Building, 205 <br />West Jefferson Boulevard, South Bend, Indiana, for an annual <br />rental of Twenty -seven Thousand Four Hundred Seventy -eight <br />Dollars ($27,458.00). <br />6. That on October 28, 1996, the Board of Public Works <br />received a certificate signed by the St. Joseph County Auditor, <br />certifying that the verifier and the signatories of the petition <br />are taxpayers of property located within the corporate limits of <br />the City of South Bend. <br />7. That on October 28, 1996, a proposed Lease Agreement was <br />filed within the Board of Public Works. <br />8. That having heard all speakers at the presentation and <br />