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South Bend Redevelopment Commission Regular Me ting - July 11, 1986 6. NEW BUSINESS (Cont.) a. Coitinued... Contractor Vitoria Fuentes Colip Electric Corporation 52 S. Warren U n a motion made by Mr. Donoho, seconded by Mr. Combs and unanimously accepted, the Cormission approved a proposal and grant in cormection with the Emergency Repair Program as listed above. b. Corjmiission approval Re olution No. 778 South Bend. for Joint the South Bend ion and the Board of Park Park District of the City Ms Schwartz noted that this Joint Resolution authorizes the Commission to convey to the Park Board two additional pieces of land which were inadvertently left out of the previous joint resolution relating to property acquired ioj the Stanley Coveleski Regional Stadium. Upon a motion made by Mr. Piasecki, seconded by Mr. Donoho and unanimously carried, the Commission approved Joint Resolution No. 778 of the South Bend Redevelopment Commission and th Board of Park Commissioners of the Park Bo d of the City of South Bend. c. Corraission approval requested for Resolution No 779 amending Resolution No. 775 of the City of South Bend Redevelopment Commission. Mr Hunt explained that Resolution No. 775 was the original resolution that was passed by the Commission for the second tax increment fiiiancing bond in the amount of $2,565,000. Resolution No. 779 is an amendment of that original bond amount. Mr Richard Hill, legal counsel for the TIF bond, explained that in adopting Resolution No 775 the Commission authorized the issuance of tax incremental bonds in the amount of $2,565,000. That resolution was pursuant to th terms of the 1985 bond resolution which -4- $240.00 COMMISSION APPROVED A PROPOSAL AND GRANT IN CONNECTION WITH THE EMERGENCY REPAIR PROGRAM AS LISTED ABOVE COMMISSION APPROVED JOINT RESOLUTION NO. 778 OF THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE BOARD OF PARK COMMISSIONERS OF THE PARK BOARD OF THE CITY OF SOUTH BEND