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<br />• <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />SPECIAL MEETING <br />September 10, 1992 1200 County-City Building <br />4.00 p.m. 227 W. Jefferson Boulevard <br />Presiding: Andre Gammage South Bend, Indiana 46601 <br />Vice-President <br />The September 10, 1992, Special Meeting of the Redevelopment <br />Authority was called to order at 4:32 p.m. by its Vice-President, <br />Andre Gammage. There was a quorum present. <br />1. ROLL CALL <br />Members Present: <br />Members Absent: <br />Redevelopment Staff: <br />Legal Staff: <br />Others Present: <br />2. APPROVAL OF MINUTES <br />Mr. Andre Gammage, Vice-President <br />Mr. Donald K. Fewell, Secretary <br />Mr. Joseph Wroblewski, President <br />Mrs. Ann Kolata, Director <br />Mrs. Cheryl Phipps, Office Manager <br />Ms. Jenny Pitts Manier <br />Mr. Rich Hill, Baker & Daniels <br />Upon a motion by Mr. Fewell, seconded by Mr. Gammage and <br />unanimously carried, the Authority approved the minutes of the <br />Special Meeting of Thursday, August 28, 1992. <br />3. NEW BUSINESS <br />a. Authority approval requested for Resolution No. 64 <br />authorizing the issuance of the South Bend Redevelopment <br />Authority Lease Rental Revenue Bonds (Blackthorn Golf <br />Course Proj ect) and reaardina other related matters. <br />C1 <br />Mrs. Kolata explained that now that the bids are in for <br />the construction of Blackthorn Golf Course, the clubhouse, <br />and maintenance building, we have sized the bond. This <br />resolution authorizes the issuance of bonds in the amount <br />of up to $5,680,000 and sets a maximum average interest <br />rate not to exceed 7% with no individual rate exceeding <br />7.5%; it provides that the bonds will mature on March 1 in <br />the years 1999 through 2013; it appoints Norwest Bank as <br />the Trustee for the bond; it approves the Official <br />Statement in the form presented at this meeting; it <br />authorizes the publication of the Notice of Intent to Sell <br />Bonds; and it authorizes the execution of the Trust <br />Agreement. <br />-1- <br />