HomeMy WebLinkAbout2011-09-07 Redev Authority Minutes SOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
September 7, 2011
1308 County-City Building
10:30 a.m. 227 West Jefferson Boulevard
Presiding: Jose Alvarez South Bend, IN 46601
The September 7, 2011 Regular Meeting of the Redevelopment Authority was called to order at
10:35 a.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
2. APPROVAL OF MINUTES
a. Approval of the minutes of August 3, 2011
Upon a motion by Ray Thomas, seconded by Carolyn Pfotenhauer, and unanimously
carried, the Authority approved the Minutes of the Regular Meeting of August 3, 2011.
3. CLAIMS
a. U.S. Bank National Association, Payment Requisition # 1 $135,396.98
Hall of Fame Expense Fund, Series 201IA
Century Center Expense Fund, Series 2011B
Mr. Inks said these claims are all related to the refunding of the bonds for Century
Center and the Hall of Fame. They are issuance costs, such as ratings fees, trustee
fees, legal fees, financial consulting fees, etc. The bottom line is the savings on
having the bonds refinanced is close to a net of$1M between the two of them.
Century Center Expense Fund Claim listed it as Series B, but it was actually
Series A. Mr. Gregg Zienterra caught the error and just corrected it by writing an
A over the B, but the Authority wanted the document corrected before it was
signed. Baker and Daniels supplied the document after the meeting and it was
then signed.
Upon a motion by Ms. Pfotenhauer, seconded by Mr. Thomas, the Authority
approved the claim, subject to the correction of the document.
C4. NEXT MEETING DATE: September 21, 2011
The Redevelopment Authority
Meeting Minutes
5. ADJOURNMENT
There being no further business to come before the Redevelopment Authority the meeting
was adjourned at 10:45 a.m.
Jose Alvarez, President D.nald s, Director
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