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<br /> <br /> <br />Page | 2 <br />Randy Rampola, Barnes and Thornburg noted that the bonds are slated to sell <br />today with the closing date in June. Closing documents will be coming. <br /> <br />Upon a motion by Vice-President Fitts and seconded by President Hanig, the <br />motion carried unanimously, the Authority approved the Resolution No. 218 <br />(Accepting Transfer of Real Property from the South Bend Board of Parks <br />Commissioners) on May 20, 2024. <br /> <br />B. Assignment and Assumption Agreement (Board of Parks Commissioners and <br />Swing Batter Swing). <br />Michael Schmidt, City Attorney stated this is a stadium use and operating <br />agreement through Swing Batter Swing, LLC. through the Parks Board. This lease <br />will be assigned to the Redevelopment Authority as the landlord of the property. <br />While the RDA accepts assumption under the agreement Venue Parks and Arts <br />will continue to run business as usual. The relationship will remain this way for <br />at least twenty years. <br /> <br />Caleb Bauer stated that the city is working on a music agreement so there will be <br />an amendment coming in the next couple of months; this is not sensitive to the <br />bond issuance. The term of the bond agreement is twenty years. <br /> <br />Upon a motion by Vice-President Fitts and seconded by President Hanig, the <br />motion carried unanimously, the Authority approved the Assignment and <br />Assumption Agreement (Board of Parks Commissioners and Swing Batter Swing) <br />on May 20, 2024. <br /> <br />3. ADJOURNMENT <br />The Authority adjourned the meeting at 8:09 am. <br /> <br />______________________________ ______________________________ <br />Anthony Fitts Rick Klee <br />South Bend Redevelopment Authority South Bend Redevelopment Authority <br /> <br /> <br />______________________________ <br />Erin Linder Hanig <br />South Bend Redevelopment Authority <br />