2008-12-03 Redevelopment Authority Minutes

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SOUTH BEND REDEVELOPMENT AUTHORITY REGULAR MEETING December 3, 2008 1:30 p.m. Presiding: Jose Alvarez 1308 County-City Building 227 West Jefferson Boulevard South Bend, IN 46601 The December 3, 2008 Regular Meeting of the Redevelopment Authority was called to order at 1:30 p.m. by its President, Jose Alvarez. There was a quorum present. 1. -ROLL CALL Members Present: Mr. Jose Alvarez, President Ms. Carolyn V. Pfotenhauer, Vice President Mr. Ray Thomas, Secretary Redevelopment Staff: Mr. Don Inks, Director of Economic Development Mrs. Jenny Hullinger, Recording Secretary Ms. Cheryl Greene, Legal Counsel Others: Mr. Rich Hill, Baker & Daniels Mr. Randy Rompola, Baker & Daniels 2. APPROVAL OF MINUTES a. Approval of the minutes of November 19, 2008 Upon a motion. by Carolyn Pfotenhauer, seconded by Jose Alvarez, and unanimously carried, the Authority approved the Minutes of the Regular Meeting of November 19, 2008. 3. CLAIMS a. Baker & Daniels Century Center Bond $123,155.10 Mr. Inks said the total claim was over $136,000 and Baker and Daniels gave us a 10% discount to bring the amount down to $123,155.10. This is above and beyond the letter we had brought to the Authority at the last meeting, which indicated that the amount would not be more than $110,000. Almost immediately after the last meeting Don- received a call from Randy Rompola wanting to correct the letter because they had since totaled up their hours and they were in excess of the amount stated in their letter. They then delivered the letter and billing you have. Ms. Greene said the legal department reviewed the entries. She. said this was an unusual transaction with an initial start of TIF related funding which then changed to different financing. We then had a change in State law and issues related to the County and the financial market. All of the entries are consistent with all of the issues. Ms. Greene said the. legal department recommends approval of the claim.