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South BendlRedevelopment Commission <br />Special Me ting - July 25, 1980 <br />6. NEW BU INESS <br />g. co tinued.... <br />bo <br />.cn <br />1b <br />z mo <br />on <br />M <br />b eer <br />and <br />The u#,i,P,izati.on o4 the new tax .inctcementat <br />i 4inanc i-ng statute involves exeepti:ona ty <br />of ex pko ees s in which Mn. Go emaws hays been <br />)tved zince mid -1979. Mn. Goemanz advised <br />City on the neee zatry amendmentz to the <br />)n statute and " active thtoughout the <br />Fe in c6zisti.ncg otheh communities in the <br />:izati,on o4 the .inetcementat tax bond ztatute. <br />:tieve it .us ,impetcati,ve Ooh the continued <br />ith deveto pmevr t o4 the Centutcy Matt Pnoj eet <br />Mn. Goemanz continue to .s etcve the Commi6 lion <br />`W Pno?eet ass investment banheA and udv,i.�so&. <br />.n the =e o4 the teAminati>on o4 the aguement <br />. Ki&chnen Moore, Mayon Parent, City Atto).ney <br />.and Hitt and City Engineer PatAick McMahon have <br />eowsutted in tW matter and butt y s uppott <br />cbncutc with my ucommendati.on. <br />S<i.neetcet y, <br />S/ <br />Catt E.2Won <br />Executive Di&ectotc <br />Mr.�ira: Is this Mr. Goemans vitally <br />imp tant? <br />Mr. llison: Mr. Geomans has been the <br />"bred and butter" man on this very <br />comp ex bond issue, and he has been <br />inst^Lnental and extremely important <br />tote passage of the amended law. <br />Mr. ira: Is the contract basically <br />about the same? <br />Mr. llison: There may be a few modifi- <br />cations we may want to make, but <br />essentially it will be another "at risk" <br />contract, and the compensation would <br />come in the form of underwriting bonds <br />in w ich they would receive a percentage. <br />Mr. ill: The investment banking business <br />relates very much to the individual that <br />a community is dealing with. I think the <br />trac record of this particular individual <br />with the City is very good, going through <br />the arly days of the Century Center development. <br />20 <br />