HomeMy WebLinkAboutRedevelopment Authority Meeting Minutes 04.16.2018CITY OF SOUTH BEN
REDEVELOPMENT AUTHORITi
April 16, 201�
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The meeting was called to order at 9:00 a.m.,
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2.
ROLL CALL
Members Present:
Redevelopment Staff:
Absent:
Legal Counsel:
1308 County -City Building
227 West Jefferson Boulevard
South Bend, IN 46601
Richard Klee, President
Erin Hanig, Vice President
David Relos, Property Development Manager
Anthony Fitts, Secretary -Treasurer
Mary Brazinsky, Board Secretary
Elliot A. Anderson, Legal Department
APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of March 29, 2018
Minutes were amended with the corrected date change of March 29, 2018
not 2017 on page 1.
Upon a motion by Erin Hanig, Vice President, seconded by Richard Klee,
President the motion carried unanimously, the Authority approved the
Minutes of the Scheduled Meeting of March 29, 2018.
EXCELLENCE' ACCOUNTABILITY I INNOVATION INCLUSION I EMPOWERMENT
14005 County -City Building 227W, Jefferson Blvd. I South Bend, Indiana 466011 p 574.235,9337 f 574,235.90211 www.southbendin,gov
CITY OF SOUTH BEND I REDEVELOPMENT AUTHORITY
Meeting —April 16, 2018
3. New Business
A. Resolution No. 201 (Conveying Palais—Morris PAC)
Mr. Relos presented Resolution No. 201 (Conveying Palais _Morris PAC).
Resolution No. 201 relates to the bonds for the Morris and later
incorporated the Palais. It is common when the Authority issues bonds to
enter into a lease with the Redevelopment Commission that in turn makes
the payments on the bonds. The bonds have been paid off. According to
the lease, Section 14, the property will now be deeded from the Authority
to the Commission with a lease termination agreement. We ask for
authorization for Mr. Relos to take the deed to the Redevelopment
Commission and approve the lease termination. We also ask that Mr.
Relos be approved for any other administration needs with this resolution.
Elliot Anderson states the lease termination agreement will be reviewed at
the Redevelopment Commission meeting and recorded to clear title for the
record. A provision is included stating that the lessee can exercise an
option to purchase. A full copy of the deed would be executed to the
lessee. Bond Council was notified and they are comfortable with us
proceeding.
Upon a motion by Erin Hanig, Vice President, seconded by Richard Klee,
President, the motion carried unanimously, the Authority approved
Resolution No. 201 (Conveying Palais—Morris PAC) submitted on April 16,
2018.
B. Resolution No. 202 (Conveying Property and Lease Termination)
Mr. Relos presented Resolution No. 201 (Conveying Property and Lease
Termination). This is similar to the previous agreement with the Morris
and Palais. This property will be deeded from the Redevelopment
Authority to the Redevelopment Commission. This authorizes Mr. Relos
for any administrative action. In relation to all of the title exceptions with
this document, the Legal Department will need to prepare the documents
and sign off on them. We ask the Authority to authorize Legal to sign off
on these documents.
Elliot Anderson states there are a few items assigned to the bond; an
indenture agreement and assignment. The administrative team will work
on clearing up all title work. There were multiple addendums recorded
over time; all titles need to be cleared. The property was sliced into within
20 years to support other properties that never came into fruition but it has
remained intact. This was confirmed with Bond Council. There are a few
more administrative tasks on this Resolution.
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CITY car SOUTH I END { REDEVELOPMENT AUTHORITY
Meeting —April 16, 2018
Mr. Relos asked the Authority to look at the exceptions. One is for the
tunnel easement on the Hall of Fame and the Century Center. Wells
Fargo should be able to execute and close their documents themselves.
Elliot Anderson stated to the Redevelopment Authority that the
administrative team will exercise discretion and make sure that things are
actually administrative actions; if they are not, a new meeting with the
Redevelopment Authority will be scheduled. The signing of this document
authorizes officers to request Redevelopment Authority signatures on title
clearing documentation at a later date.
Upon a motion by Erin Hanig, Vice President, seconded by Richard Klee,
President, the motion carried unanimously, the Authority approved
Resolution No. 202 (Conveying Property and Lease Termination)
submitted on April 16, 2018.
4. ADJOURNMENT
Upon a motion by Richard Klee, President, seconded by Erin Hanig, Vice
President, the motion carried unanimously, the Authority adjourned the
meeting at 9:14 a.m.
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Mary Bra insky
Board Secretary,
Community Investment
Page 13
Richard Klee, President
South Bend Redevelopment Authority