HomeMy WebLinkAboutminutes 2016 0620 rdaSOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
June 20, 2016
1:00 P.M.
The meeting was called to order at 1 :08 p.m.
1. ROLL CALL
Members Present:
Members Absent:
Redevelopment Staff
Legal Counsel:
Other:
2.
3.
APPROVAL OF MINUTES
1308 County -City Building
227 West Jefferson Boulevard
South Bend, IN 46601
Erin Hanig, Vice President
Anthony Fitts, Secretary- Treasurer
Richard Klee, President
Dave Relos, Associate II
Mary Brazinsky, Board Secretary
Benjamin Dougherty, Legal Department
John March, Associate I
A. Approval of Minutes of the Regular Meeting of April 27, 2016
Upon a motion by Anthony Fitts, Secretary- Treasurer, seconded by Erin
Hanig, Vice President the motion carried unanimously, the Authority
approved the Minutes of the Regular Meeting of April 27, 2016.
NEW BUSINESS
A. Officer's Certificate — Annual Insurance Compliance Certificate to the
Trustee Smart Streets
John March presented the Annual Insurance Compliance Certificates.
Randy Rompola of Faegre, Baker, Daniels, LLP verified by opinion letter
that the City has coverage through its self- insurance program which
covers the bond requirements.
Upon a motion by Erin Hanig, Vice President, seconded by Anthony Fitts,
Secretary- Treasurer the motion carried unanimously, the Authority
approved the Officer's Certificate —Annual Insurance Compliance
Certificate to the Trustee Smart Streets.
South Bend Redevelopment Authority
Regular Meeting — April 27, 2016
Page 2
B. Officer's Certificate — College Football Hall of Fame
John March presented the Annual Insurance Compliance Certificates.
Randy Rompola of Faegre, Baker, Daniels, LLP verified by opinion letter
that the City has coverage through its self- insurance program which
covers the bond requirements.
Upon a motion by Erin Hanig, Vice President, seconded by Anthony Fitts,
Secretary- Treasurer the motion carried unanimously, the Authority
approved the Officer's Certificate — College Football Hall of Fame.
C. Officer's Certificate — Century Center
John March presented the Annual Insurance Compliance Certificates.
Randy Rompola of Faegre, Baker, Daniels, LLP verified by opinion letter
that the City has coverage through its self- insurance program which
covers the bond requirements.
Upon a motion by Erin Hanig, Vice President, seconded by Anthony Fitts,
Secretary- Treasurer the motion carried unanimously, the Authority
approved the Officer's Certificate — Century Center.
D. Officer's Certificate — Century Center
John March presented the Annual Insurance Compliance Certificates.
Randy Rompola of Faegre, Baker, Daniels, LLP verified by opinion letter
that the City has coverage through its self- insurance program which
covers the bond requirements.
Upon a motion by Erin Hanig, Vice President, seconded by Anthony Fitts,
Secretary- Treasurer the motion carried unanimously, the Authority
approved the Officer's Certificate — Century Center.
E. Fifth Addendum to Lease Between the South Bend Redevelopment
Authority, as Lessor, and the South Bend Redevelopment
Commission, as Lessee (College Football Hall of Fame /Century
Center Project).
Mr. Dougherty presented the Fifth Addendum to Lease between the South
Bend Redevelopment Authority, as Lessor, and the South Bend
Redevelopment Commission, as Lessee (College Football Hall of
Fame /Century Center Project). This was approved through the
Redevelopment Commission on July 14, 2016. This will change the
physical boundary of the lease. The addendum excludes the 30 x 70 foot
area from the Hall of Fame Project so it no longer serves as security for
South Bend Redevelopment Authority
Regular Meeting — April 27, 2016
Page 3
the bond payments. The Commission will be selling the lot to South Bend
Chocolate as a whole and the lease will be terminated. In order to do so
the bond has to be unencumbered and a clean title can be given.
Upon a motion by Erin Hanig, Vice President, seconded by Anthony Fitts,
Secretary- Treasurer the motion carried unanimously, the Authority
approved Fifth Addendum to Lease between the South Bend
Redevelopment Authority, as Lessor, and the South Bend Redevelopment
Commission, as Lessee (College Football Hall of Fame /Century Center
Project).
4. ADJOURNMENT
Erin Hanig, Vice President adjourned the meeting at 1:22 p.m.
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Aaron Kobb
Economic Resources Team,
Community Investment
Erin nig, Vice Pres ent
ou end Redevel ent Authority