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V <br />• <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />RESCHEDULED REGULAR MEETING <br />August 18, 2004 <br />1:30 p.m. <br />Presiding: Carolyn Pfotenhauer <br />1308 County-City Building <br />227 West Jefferson Boulevard <br />South Bend, IN 46601 <br />The August 18, 2004 Rescheduled Regular Meeting of the Redevelopment Authority was called <br />to order at 1:30 p.m. by Cleo Washington. There was a quorum present. <br />1. ROLL CALL <br />Members Present: Ms. Carolyn V. Pfotenhauer, President <br />Mr. Cleo Washington, Vice-President <br />Mr. Jose Alvarez, Secretary <br />Redevelopment Staff: Sharon Kendall, Executive Director <br />Don Inks, Director, Economic Development <br />Andy Laurent, Economic Development Planner <br />Bill Schalliol, Economic Development Planner <br />Cheryl Greene, Legal Counsel <br />Mrs. Jenny Hullinger, Recording Secretary <br />• <br />2. APPROVAL OF MINUTES <br />a. Approval of the minutes of March 17, 2004 <br />Upon a motion by Jose Alvarez, seconded by Cleo Washington, and unanimously <br />carried, the Authority approved the Minutes of the Regular Rescheduled Meeting <br />of June 18, 2003. <br />3. NEW BUSINESS <br />a. Authority approval requested for Affidavit of Officer of South Bend <br />Redevelopment Authority. <br />Mr. Inks said this is related to the College Football Hall of Fame bounds that are <br />outstanding, with an aggregate principal amount of $13,270,000. This is an annual <br />action that the Redevelopment Authority takes indicating that it does not have <br />funds on hand to pay off the balance on the bonds. This is required by the State <br />Board of Accounts for the City audit. <br />Mr. Washington asked what the amount was last year and wondered how quickly <br />we were paying off the bonds. Mr. Inks said we are paying the amount determined <br />in the amortization schedule. Mr. Washington asked if this was a 20 year bond, <br />and Mr. Inks said he would check, but believed it was. <br />H:\WPDATA\AUTHORTY\081804.MIN.DOC <br />