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<br /> <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />REGULAR MEETING <br />June 7, 1994 <br />4:30 p.m. <br />Presiding: Andre Gammage <br />Vice-President <br />1308 County-City Building <br />227 W. Jefferson Boulevard <br />South Bend, Indiana 46601 <br />The June 7, 1994 Regular Meeting of the Redevelopment Authority was called to order at <br />4:42 p.m. by its Vice President, Andre Gammage. There was a quorum present. <br />1. ROLL CALL <br />Members Present: <br />Members Absent: <br />Redevelopment Staff: <br />2. APPROVAL OF MINUTES <br />Others: <br />Mr. Andre B. Gammage, Vice-President <br />Ms. Mary O. Ferlic, Secretary <br />Mr. Joseph W. Wroblewski, President <br />Mrs. Ann Kolata, Director <br />Mrs. Martha Lantz, Recording Secretary <br />Mr. James Riggs, Economic Dev. Specialist <br />Mr. Randy Rompola, Baker & Daniels <br />a. ~~roval of Minutes of the Regular Meeting of 'It-esdav Mav 17, 1994. <br />Upon a motion by Ms. Ferlic, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved the Minutes of the Regular Meeting of <br />Zliesday, May 17, 1994. <br />3. NEW BUSINESS <br />a. Authority aanroval requested for Resolution No 92 apnrovine modifications to <br />the Lease for the College Football Hall of Fame/Century Center Proiect and <br />approvin~~the execution of an addendum to the Lease and re~ardine other <br />related matters. <br />Mr. Rompola explained that the bonds for the Century Center acquisition were <br />priced on May 24th. The Underwriter is First Chicago Capital Markets. The <br />net interest rate for the bonds was 6.31 % . This interest rate is higher than <br />what was expected 6-8 months ago when the original lease approval was done. <br />At that time, we were anticipating a rate of about 5 % rather than 6.3 % . <br />-1- <br />