HomeMy WebLinkAboutRM 10-06-60REDEVELOPMENT COMMISSION
6 October 1960 Redevelopment Department Office
11:00 A.M. 129 West Colfax Avenue
The meeting was called to order by Mr. James G. Louis, Secretary.
Commissioners present and answering to roll call:
Mr. James G. Louis, Secretary
Mr. Frank G. Koczan
Mr. Virgil A. Place
Absent:
Mr. Fred J. Helmen, President
Mr. Clyde E. Williams, Sr., Vice President
The Secre ary declared a quorum present.
Also Ares nt:
Mr. Henry Sucher, Executive Director
Mr. James H. Neidigh, Assistant Director
Mr. Edward J. Bielicki, Relocation Supervisor
I.
AIFIFROWAIL OF MIIMUFIES;
On motior duly made, seconded and unanimously carried, the minutes of the meeting
of September 16, 1960 were approved as read, and the following business was dis-
cussed:
II.
ILIFIFIROTAIL OF BBI11ILS
Project E.Npenditures.Accoun t
1410.05 Travel Expense - Chicago & Gary (H. Sucher) $ 21.08
1410.19 Sundry - Services, Supplies, Utilities 1,644.3.9
1440.01 Options - ,Partial payment of 27 parcels. @. $10 - -each 270.00
1475 Office Fixtures & Equipment 383.19
$2,318.66
55
216
332
363
721
726
evelopment Fund
Subscription & Dues $ 47.20
Travel Expense to Detroit (NAHRO Conference -
V. A. Place, J. G. Louis); Chicago - H. Sucher 202.04
Oil 10.45
Other Office Supplies 142.63
Furniture & Fixtures 50.00
Other Equipment 67.41
519.73
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Transfer o� Funds
Fro Redevelopment District Capital Fund $896,149.00
To: Project Expenditures Account
Fro Project Expenditures Account 8, 879.13
To: Sample Street Project. Fund
From: Sample Street Project Fund 8 879.13
To: Urban Redevelopment Fund
$913,907.26
The transf Dr amount of $8,879.13 repays . the loan from.the City to the Project Expend-
itures Acc Dunt pending the bond sale. The transfer amount of $896, 149.00 covers
the project expenditure costs.
Upon moti n duly made, seconded and unanimously approved, the claims for payment
totaling $2,838.39 and the claims for Transfer of Funds totaling $913,907.26 were
endorsed by the Commission.
It is hereby noted that claims totaling $1, 3 55.2 5 and the claims for Transfer of Funds
totaling $913,907.26, having been signed by the Commissioners, were not docketed
prior to the meeting.
III . 0�10101ws
The Comm ssion reviewed the Option Agreements signed by property owners in the
Sample Street Project Area - Indiana R -7. Upon motion duly made, seconded, and
unanimously carried,, the Commissioners a proved 27 Option jA e ments • 5-4 .4 -6 9 -14,.
16-11 1-� ,15 -2, 17,9- �12,8� 26,12- J�,:1� 112Z,12 -56 9p 24, 2�3�,12- 6�,8 -2�9,
12 -7,- 1,6-3, 10 7,3.-6, 5 -1 .,4 -11,1
IV. 3 1WID(G EV 1RzWffSI[GIN
A revision of the Project Expenditures Budget was .submitted by Mr. Sucher to the
Commission for their approval. The revision will provide for additional amounts
in the accounts for Project Execution Expenditures: Administration Overhead, Travel,
Office Furniture & Equipment, Temporary Operation of Acquired Property, Relocation
Costs; wh ch will be transferred from the amounts budgeted in the accounts of:
y
Total. Sury & Planning Expenditures and Interest.
Upon moti n made by Mr. Place, seconded by Mr. Koczan, and unanimously carried,
the Commission approved submission of the proposed budget revision to the Urban
Renewal Administration.
V. Mmiciurrilom Iwo. 2,%
Upon motion made by Mr. Place, seconded by Mr. Koczan and unanimously carried,
the Commission adopted a resolution reconfirming the salaries of the Executive
Director and Assistant Director at $15,000 and $8,500 per annum, respectively.
A copy of 1he resolution is hereby attached and made a part of these minutes.
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Vi. imbrmmss mi p0mv
Mr. Kocz n suggested contacting the members of the Demolition Committee for their
participation in a further discussion of the demolition work for the Sample Street Project.
The members of the Committee will be contacted to arrange for a meeting on Thursday,
October 13, at 10:30 a.m. at the office of the Commission, 129 West Colfax Avenue.
Urban Redevelopment Bonds worth $1, 100,000 were sold on September 1, 1960 to
Salomon Brothers & Hutzler, a Chicago and New York finance firm, at 2.5979 per cent
interest. The bonds were formally signed in Chicago on September 28, 1960 by Mayor
Frank J. Bruggner and Controller Edwin L. Davies.
It was re orted that $ 900, 000 had been invested in U. S. Treasury Bills: $ 500, 000 in
90 day no es, $200,000 in 60 day notes, $200,000 in 30 day notes. Approximately
$200,000 of the bond receipts will be used for project expenditures immediately.
On motio made by Mr. Koczan, seconded by Mr. Place and unanimously carried, the
meeting a journed at 11:55 a.m.
X -'Ae�� I&
Mr. Frei el n, President Mr. Jame G. Louis, Secretary
MESO L,WTRGN Mo. 2 5
RESOLU ION OF THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERN-
ING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT,
RECONF RMING THE SALARIES OF THE EXECUTIVE DIRECTOR AND ASSISTANT
DIRECTOR.
WHEREAS, on July 11, 1957, the Commission adopted a budget, which,
among Other items, included a salary for an Executive Director of $15, 000 /year;
and
WHEREAS, this salary was determined in accordance with local public
practice, and after inquiries from other cities regarding salary scales for persons
with the desired qualifications, after advertising the position in professional
journaLc and screening applicants for three months; and
VqHEREAS, in October, 1957, the Commission appointed an Executive
at the above salary,
3W, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
ion that the Commission now reconfirms its previous actions in this
matter, and determines that the salary of the Executive Director, which each
year since has been approved by the South Bend Redevelopment Commission,
The Common Council, County Tax Adjustment Board and State Tax Board, shall
continue to be $15,000 per year. This action is taken in view of the fact that
all tec nical Survey & Planning work is handled by the Executive Director and
Assistant Director, and the Local Public Agency thus saves substantial sums
otherwise spent for Survey & Planning contracts. For the same reasons, the
Commi Sion also reaffirms the salary of the Assistant Director (Principal Plan-
ner) at $8,500 per year.
ADOPTED at the regular meeting of the South Bend Redevelopment Com-
mission held on October 6, 1960, at the office of the Commission, 129 West
Colfax Avenue, _South Bend, Indiana.
(SEA
A
SOUTH BEND REDEVELOPMENT, COMMISSION