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f <br />~~ <br /> <br />South Bend Redevelopment Authority <br />Special Meeting - August 19, 1992 <br />3. APPROVAL OF CLAIMS (Cont.) <br />PALAIS ROYALE EXPENSE FUND <br />Moody's Investors Service <br />St. Joseph Title Corp. <br />Baker & Daniels <br />TOTAL PALAIS ROYALE EXPENSE FUND <br />$ 3,000.00 <br />1,308,314.00 <br />37,508.94 <br />$1,348,822.00 <br />Mrs. Kolata explained that the claim for St. Joseph Title is <br />for the purchase of the Palais Royale building. The deed has <br />been held in escrow since the Authority signed the purchase <br />agreement with the current owners. Under the agreement the <br />deed will be given to the Authority when the purchase price is <br />paid following receipt of bond proceeds. Bond closing for the <br />Palais Royale is scheduled for August 26. We want to close on <br />the building immediately after closing on the bonds. <br />Upon a motion by Mr. Wroblewski, seconded by Mr. Fewell and <br />unanimously carried, the Authority approved the Claims <br />submitted August 19, 1992 for payment. <br />4. ADJOURNMENT <br />There being no further business to come before the Authority, <br />Mr. Fewell made a motion that the meeting be adjourned. Mr. <br />Wroblewski seconded the motion and the meeting was adjourned at <br />4:11 p.m. <br />i <br />~~ ~ ~ <br />sep W. Wroblewski, President E. Kola a, Director <br />1~J <br />-2- <br />