Benton Harb Jr Area News
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GBNDYL I'RACI'ICS 01' LAW
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74. WALL TREET
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TIUfllIO SOLD-
CBlGANC
··City tak. s half a loaf
in marina buyout .,
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The·commission voted to ac­
cept a payment of $100,000 to
buyout the city's interest in the
future development of the ew
Harbor condo/marina project,
from its new owner, at their
Monday night, September 18,
Benton Harbor City Commis-
. on meeting.
. In a letter dated September
14, from the new owner, Dr.
Rolland F [ardo, president of
Phoenix Investor Inc., 655
Riverview Dri� Benton Har­
bor, to City Manager Steve
Manning, Fajardo ed th
·�e prior developer had agreed
to remit to the city a certain con­
sideration for e ch real estate
sale in this project, but Phoenix
Investors had acq1liced only the
assets of this project through
court which dissolves them of .
• this liability."
"But in an offering of good­
will and continued cooperatio
with the City of Benton Harbor,
Phoenix Investors would
propose a one time cash settle­
ment with the city of $100,000,"
the letter stated. .
Dr. ajardo purchased the
Ne Harbor project at aD auc­
·tion Sep ember 13, for $1.5 mil­
lion.
Mayor William Wolf aid
there is a "certain amount of ris
involved in a decision like this."
"If 105 slip are built next
year t and all 105 are sold, - we
are going to be embrassed for
having sold this for $100,000,"
Wolf said, "but that is a long
shot, we have been waiting for
. our money on tho e lips two.
years now, going on three y ars.
Every year we budget it in, every
y r we had calls saying, that the
slips were no built or no old.
So basically we are taking the
ri out of it by allowing them to
settle tho for $100,000."
# •••• Wolf said in his personal
opinio "the market for bo
service is not nearly as stro
as it was three year ago."
"I think that it would be a
wise move to cash in right now
and get the money rather than
banking in market: said Wolf.
"Do we take our money now or
do we hold out for top dollar,"
he added.
If all the 105 at �ps re
built and sold, the city could
have gotten $220,000.
Also the com.oiission voted
to purchase new 1989 FMC
Ford Chassis 1250 G PM
pumper fire true for the Ben­
ton Harbor �1tC Department,
from F M.C. Corporatio for
$103,000.
Fire Chief David Lincoln
said once they purchase the new
tru there will be three true
in service, .the departme
will sell their 1966 firetruck,
which is n '-sed a pare.
The new truck is scheduled
.t arrive Tuesday, September
26, said Manning. This will be
the first fire truck that the city
has brough in 13 years, he said.
In other matte the com­
mission approved to change
Sixth Street intc a one- y,
north bound from Main Street
to Water Street.
According to a letter from
Sam Watson, Director of Public
Safety, this' change ould "im­
prove the traffic flow in the area
and improve par ing situa­
tions.·
Part 0 the resolution called
fo Fourth Street to be changed
into a one-way, with traffic flow­
ing South bound from Ter­
ritorial Road to aiD Street.
Mayor Wolf said they would
hold off on Fourth Street when
Commi sioner Charles
Yarbrough brought to their t­
tention the fact that aU t e busi­
nesses in that area had not been
contacted about the change and
the commission should at least
find out how they fell bout it.
In other business, the com­
mission vo ed to:
- Accept a grant of $8,600
in EGA funds from the Berrien­
Cass- Van Buren Priva In­
dustry Council.
- Approve a request of
Warren Wolfl to ch nge the
nam on legal document of the
V�M Building, from Warren
Wolf to Wolf Properties, Inc.
- Authorize to pay Carrie
Brock, of East St. Louis, Illinoi ,
formerly of Benton Harbor,
� for the signing of quit
cl im deed to the city for
property in the North of Main
Industrial Par ea that i need
for Sumitec, Inc., expansion.
According tothe resolution Ms.
Brock "unwilling to ex cute
a deed to the city without the
payment."
- To buy two properties in
the North of Main Industrial
Park area for $21,000.
- Advertise the sale of
seven city-owned v cant lot at
464 McAllister, $400: 399 E.
Britain, $500; 457 Cherry, $600;
1033 Superior, $®O; 854 E.
Britain, $500; 154 N. ,Win
$500; and 526 E. Main, $400.
- Authorize the Finance
Director to 'proceed with the
project and the procurement of
the necessary equipment and
services to update the computer
system in the Finance Dep rt­
ment for the amount of $32,600,
which will come from the City's
Permanent Public Improve­
ment funds.
- To extend the city's trash
removal contract with Acme
Disposal Company, iles, for
one year for $24,000 �r month
which represents co of $3.30
per residential unit pe month
for the City' 7,100 uni . St.
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