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12-19-03 Redevelopment Commission Minutes
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12-19-03 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting— December 19, 2003 <br />6. NEW BUSINESS <br />C. South Bend Central Development Area <br />(1) continued... <br />Upon a motion by Mr. Blake, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the proposal from <br />Barnes & Thornburg for Bond Counsel <br />Services for City of South Bend, Indiana <br />Redevelopment District Tax Increment <br />Revenue Bonds, Series 2003, South Bend <br />Central Development Area. <br />(2) Commission approval requested for <br />Leasehold Mortgage, Security Agreement, <br />Financing Statement and Fixture Filing <br />and Mortgage Modification Agreement <br />with St. Joseph Capital Bank, between <br />SBCC Development Corporation (South <br />Bend Chocolate Company) and City of <br />South Bend for the Use and Benefit of its <br />Department of Redevelopment. <br />Ms. Greene reported that the documents are <br />related to the ongoing South Bend Chocolate <br />Company expansion project. All documents <br />are of standard form and have been reviewed <br />by Legal Counsel. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Blake and unanimously carried, the <br />Commission approved the Leasehold <br />Mortgage, Security Agreement, Financing <br />Statement and Fixture Filing and Mortgage <br />Modification Agreement with St. Joseph <br />Capital Bank, between SBCC Development <br />Corporation (South Bend Chocolate <br />Company) and City of South Bend for the <br />Use and Benefit of its Department of <br />Redevelopment. <br />13 <br />COMMISSION APPROVED THE PROPOSAL FROM <br />BARNES & THORNBURG FOR BOND COUNSEL <br />SERVICES FOR CITY OF SOUTH BEND, INDIANA <br />REDEVELOPMENT DISTRICT TAX INCREMENT <br />REVENUE BONDS, SERIES 2003, SOUTH BEND <br />CENTRAL DEVELOPMENT AREA. <br />COMMISSION APPROVED THE LEASEHOLD <br />MORTGAGE, SECURITY AGREEMENT, FINANCING <br />STATEMENT AND FIXTURE FILING AND <br />MORTGAGE MODIFICATION AGREEMENT WITH <br />ST. JOSEPH CAPITAL BANK, BETWEEN SBCC <br />DEVELOPMENT CORPORATION (SOUTH BEND <br />CHOCOLATE COMPANY) AND CITY OF SOUTH <br />BEND FOR THE USE AND BENEFIT OF ITS <br />DEPARTMENT OF REDEVELOPMENT. <br />
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