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South Bend Redevelopment Commission <br />Regular Meeting - November 5, 1993 <br />5. OLD BUSINESS <br />There was no Old Business. <br />6. NEW BUSINESS <br />THERE WAS NO OLD BUSINESS <br />Mrs. Kolata asked permission to add item 6.k. to <br />the agenda. There was no objection and the item <br />was added to the agenda. <br />a. Commission approval requested for <br />Resolution No. 1198 approving a proposed <br />Lease between the Redevelopment Authority <br />and the South Bend Redevelopment <br />Commission for certain land and public <br />improvements, approving preliminaa plans, <br />specifications and cost estimates, setting a <br />public hearing on the proposed Lease <br />pursuant to IC 36 -7 -14 -25.2, and authorizing <br />publication of Notice of the Public Hearing. <br />Mr. Horton gave a presentation explaining <br />the purpose and structure of the bond issue. <br />The bond issue will combine two separate <br />bonds into one in order to save on issuance <br />costs: a bond to fund acquisition <br />improvements, repairs, and renovations at <br />Century Center and a bond to fund the <br />design and construction of the College <br />Football Hall of Fame. <br />Mr. Horton noted that the City hopes to be <br />in a position to start construction on the Hall <br />of Fame in March 1994. In order to meet <br />that timetable, the technical process for the <br />bonds needs to begin. However, since the <br />City is not ready to disclose the results of its <br />corporate solicitation at this time, and since <br />the Commission will want to have that <br />information before a final commitment to <br />issue bonds is made, the City is adding an <br />-4- <br />