HomeMy WebLinkAbout2A Redevelopment Authority Meeting Minutes 3.25.2019
March 25, 2019 1308 County-City Building
9:00 a.m. 227 West Jefferson Boulevard
South Bend, IN 46601
The meeting was called to order at 9:04 a.m.
1. ROLL CALL
Members Present: Erin Hanig, President
Anthony Fitts, Vice-President
Richard Klee, Secretary-Treasurer
Redevelopment Staff: Mary Brazinsky, Board Secretary
Legal Counsel: Sandra Kennedy, Esq.
2. APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of August 8, 2018
Upon a motion by Ms. Hanig, President, seconded by Mr. Fitts, Vice-
President the motion carried unanimously, the Authority approved the
Minutes of the Meeting on August 8, 2018.
Meeting – March 25, 2019
Page | 2
3. ELECTION OF OFFICERS
A. A Motion was made by Mr. Klee and seconded by Mr. Fitts nominating Ms.
Hanig as President of the Redevelopment Authority for 2019. The motion
carried unanimously.
B. A Motion was made by Mr. Klee and seconded by Ms. Hanig nominating
Mr. Fitts as Vice-President of the Redevelopment Authority for 2019. The
motion carried unanimously.
C. A Motion was made by Ms. Hanig and seconded by Mr. Fitts nominating
Mr. Klee as Secretary-Treasurer of the Redevelopment Authority for 2019.
The motion carried unanimously.
The Authority approved the slate of officers for 2019.
4. NEW BUSINESS
A. Exhibit B Officer’s Certificate (Eddy Street Commons)
The Exhibit B Officer’s Certificate (Eddy Street Commons) was presented
to the Commission. This is the annual compliance to US Bank providing
proof of insurance. The enclosed packet once approved by the
Commission will be returned to US Bank. This insurance certificate holds
an A rating with Federal Insurance Company providing coverage. Gibson
Insurance is the producer of the policy.
Upon a motion by Mr. Klee, Secretary-Treasurer, seconded by Mr. Fitts,
Vice President, the motion carried unanimously, the Authority approved
Exhibit B Officer’s Certificate (Eddy Street Commons) submitted on March
25, 2019.
B. Exhibit C of First Supplemental Trust Agreement (Lease Rental
Revenue Refunding Bonds, Series 2013 Century Center).
Exhibit C of First Supplemental Trust Agreement (Lease Rental Revenue
Refunding Bonds, Series 2013, Century Center) was presented to the
Commission. This is the annual compliance to US Bank providing proof of
insurance. The enclosed packet once approved by the Commission will
be returned to US Bank. This insurance certificate holds an A rating with
Lexington Insurance Company providing coverage. Gibson Insurance is
the producer of the policy.
Meeting – March 25, 2019
Page | 3
Upon a motion by Mr. Klee, Secretary-Treasurer, seconded by Ms. Hanig,
President, the motion carried unanimously, the Authority approved Exhibit
C of First Supplemental Trust Agreement (Lease Rental Revenue
Refunding Bonds, Series 2013 Century Center) submitted on March 25,
2019.
C. Insurance – Obligor’s Compliance Certificate (Lease Rental Revenue
Bonds of 2015)
The Insurance – Obligor’s Compliance Certificate (Lease Rental Revenue
Bonds of 2015) was presented to the Commission. This is the annual
compliance to US Bank providing proof of insurance. The enclosed
packet once approved by the Commission will be returned to US Bank.
This insurance certificate holds an A rating with Federal Insurance
Company providing coverage. Gibson Insurance is the producer of the
policy.
Upon a motion by Mr. Klee, Secretary-Treasurer, seconded by Mr. Fitts,
Vice President, the motion carried unanimously, the Authority approved
the Insurance – Obligor’s Compliance Certificate (Lease Rental Revenue
Bonds of 2015) submitted on March 25, 2019.
5. ADJOURNMENT
Upon a motion by Mr. Klee, Secretary-Treasurer, seconded by Ms. Hanig,
President, the motion carried unanimously, the Authority adjourned the
meeting at 9:09 a.m.
______________________________ ______________________________
Mary Brazinsky Erin Hanig, President
Board Secretary, South Bend Redevelopment Authority
Community Investment