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1997-03-12 Redevelopment Authority Minutes
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1997-03-12 Redevelopment Authority Minutes
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.~ <br />• South Bend Redevelopment Authority <br />Special Meeting -March 12, 1997 <br />f. Certification of the South Bend Redevelopment Authority concerning <br />Insurance and Tag Liability -Airport Economic Development Area Public <br />Improvement Project (Taxable Improvement Project) <br />Upon a motion by Mr. Ladewski, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved the Certification Concerning Insurance and Tax <br />Liability for the Airport Economic Development Area Public Improvement Project <br />(Taxable Improvement Project). <br />g. Certification of the South Bend Redevelopment Authority concerning <br />Insurance and Tax Liability -Blackthorn Golf Course Project. <br />Upon a motion by Mr. Ladewski, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved the Certification Concerning Insurance and Tax <br />Liability for the Blackthorn Golf Course Project. <br />h. Certification of the South Bend Redevelopment Authority concerning <br />• Insurance and Tag Liability -South Bend Central Development Area Public <br />Improvement Project. <br />Upon a motion by Mr. Ladewski, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved the Certification Concerning Insurance and Tax <br />Liability for the South Bend Central Development Area Public Improvement <br />Project. <br />i. Certification of the South Bend Redevelopment Authority concerning <br />Insurance and Tag Liability - 1992 Parking Facilities Project (St. <br />Joseph/Wayne Street Parking Garage). <br />Upon a motion by Mr. Ladewski, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved the Certification Concerning Insurance and Tax <br />Liability for the St. Joseph/Wayne Street Parking Garage. <br />j. Authority approval requested for Norwest Bank to be selected as the bond <br />trustee for the 1997 Airport Tag Exempt Bond Issue. <br />Mrs. Kolata noted that Norwest Bank submitted a proposal to provide Trustee <br />services on the refinanced bond as either a guaranteed price or a variable rate <br />price. The staffhad bond counsel review the proposal and recommends accepting <br />• the guaranteed price of $1250 per year as it will be less expensive over the long <br />term. <br />
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