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SOUTH BEND. REDEVELOPMENT AUTHORITY <br />• REGULAR MEETING <br />December 7, 1998 1308 County-City Building <br />1:30 p.m. 227 West Jefferson Boulevard <br />Presiding: Mr. Matthew Kahn, Vice-President South Bend, IN 46601 <br />The December 7, 1998 Regular Meeting of the Redevelopment Authority was called to order at <br />1:32 p.m. by its Vice-President, Matthew Kahn. There was a quorum present. <br />L ROLL CALL <br />Members Present: Mr. Matthew Kahn, Vice-President <br />Mr. Jose Alvarez, Secretary <br />Redevelopment Staff: Mrs. Ann Kolata, Deputy Executive Director <br />Mrs. Jenny Hullinger, Recording Secretary <br />2. APPROVAL OF MINUTES <br />a. Approval of the minutes of the regular meeting of November 16,1998. <br />• <br />Upon a motion by Jose Alvarez, seconded by Matthew Kahn, and unanimously carried, <br />the Authority approved the Minutes of the Regular Meeting of November 16, 1998. <br />3. NEW BUSINESS <br />a. Authority approval requested for proposal from Norwest Investment <br />Management and Trust for professional services related to the Blackthorn <br />Refunding Bonds of 1998. <br />Mrs. Kolata stated that the City Controller reviewed the proposed fees Norwest <br />sent for their work on the bond issues, and found them similar to fees charged for <br />the bonds of 1992. Norwest requested an initial fee of $1,500 and an annual fee <br />of $1,250, as well as charges per occurrence for different activities. Mr. Alvarez <br />asked if this is the second Blackthorn bond issue. that Norwest has been the <br />Trustee for, and if there is a volume discount for handling more than one bond. <br />Mrs. Kolata replied that this is the second bond issue and there is no discount <br />because they are paid for the amount of work they do: sending statements, issuing <br />checks, writing letters to bond holders, etc. <br />Upon a motion by Mr. Alvarez, seconded by Mr. Kahn, and unanimously carried, <br />• H:\WPDATA\AUTHORTY\120798.MIN <br />