HomeMy WebLinkAbout2010-10-6 Redev Authority Minutes C SOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
October 6,2010 1308 County-City Building
1:30 p.m. 227 West Jefferson Boulevard
Presiding: Jose Alvarez South Bend, IN 46601
The October 6, 2010 Regular Meeting of the Redevelopment Authority was called to order at 10:30 a.m.
by its President, Jose Alvarez. There was a quorum present.
1. ROLL CALL
Members Present: Mr. Jose Alvarez, President
Mr. Ray Thomas, Secretary
Member Absent: Ms. Carolyn V. Pfotenhauer, Vice President
Redevelopment Staff: Mr. Don Inks, Director of Economic Development
Mrs. Jenny Hullinger, Recording Secretary
2. APPROVAL OF MINUTES
a. Approval of the minutes of February 17, 2010
Upon a motion by Mr. Thomas, seconded by Mr. Alvarez, the Authority approved the
Minutes of the Regular Meeting of February 17, 2010.
3. NEW BUSINESS
a. Authority approved requested for Certification of the South Bend Redevelopment
Authority concerning coverage sufficient to enable redemption of outstanding bonds
(Eddy Street Commons Project)
Mr. Inks stated that we need to show that we have sufficient insurance to redeem the
bonds or to cover the cost of reconstruction if for some reason the parking garage was
destroyed. We have more than enough money and insurance to cover reconstruction if
something happened.
Upon a motion by Mr. Alvarez, seconded by Mr. Thomas, the Authority approved the
request for certification of the South Bend Redevelopment Authority concerning coverage
sufficient to enable redemption of outstanding bonds for the Eddy Street Project.
4. NEXT MEETING DATE: October 20, 2010
5. ADJOURNMENT
There being no further business to come before the Redevelopment Authority the meeting was
adjourned at 1:40 p.m.
arolyn Pfotenh er, V1�e�President D fi nald In s, Director