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South Bend Redevelopment Commission <br />Regular Meeting - February 21, 1997 <br />6. NEW BUSINESS (Cont.) <br />i. Commission approval requested for <br />proposal from Norwest Bank Indiana <br />N.A. for professional services related to <br />the refinancing of the Studebaker <br />Corridor Bond Issue. <br />Ms. Kolata noted that Norwest Bank <br />Indiana N.A. needs to handle funds for the <br />Commission regarding the refinanced <br />Studebaker Bond Corridor Issue. They <br />have submitted two proposals, a fixed rate <br />proposal and a variable proposal. She <br />noted that Randy Rompola at Baker & <br />Daniels reviewed the two proposals. He <br />noted that the fixed rate proposal was the <br />recommended way to go as it would cost <br />less in the long term. <br />Upon a motion by Ms. Schwartz, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the fixed rate <br />proposal from Norwest Bank Indiana N.A. <br />for professional services related to the <br />refinancing of the Studebaker Cooridor <br />Bond Issue. <br />j. Commission approval requested for <br />proposal from Burkhart Advertising <br />Sign Division for signage for the Morris <br />Civic Plaza. <br />Ms. Kolata noted that the staff would like <br />to have two bronze plaques that say "No <br />Skate Boarding." The proposal is in the <br />amount of $442.05. The staff recommends <br />accepting the proposal subject to striking <br />out the 50% payment in advance and the <br />interest payment. <br />H:\HOME\ CPHIPPS \WPDATA \COMMSN\022197.MIN -8- <br />COMMISSION APPROVED THE FIXED RATE <br />PROPOSAL FROM NORWEST BANK INDIANA N.A. <br />FOR PROFESSIONAL SERVICES RELATED TO THE <br />REFINANCING OF THE STUDEBAKER CORRIDOR <br />BOND ISSUE <br />