Loading...
HomeMy WebLinkAboutSM 09-24-68�j ;SOUTH BEND - REDEVELOPMENT COMMISSION' SPECIAL, MEETING. September 24 --)1968 -93&A. M-. _A c 120 Wy LaSalle Ave. Presidirig Officer: ; Mr. Donaldr:A: - Wiggins cPresident; --, South, Bend:, -- Indiana l The--South'-Bend Redevelopment =Commission- Governing: Body_ of the_City of- South-Bend, ,Department of- Redevelopment - -met in - -a Special- :Meeting, at 120 West ';LaSalle Avenue, Suite 1001, in the City of South Bend, at 9:30 A.M., C.S.T.-,-on the (24th' day of September:; 1968-- -the place, hour, and date, duly established for the holding of such meeting. The _ President _called the _meeting to order and the following Commis- sioners were present for the roll call: Mr. Donald A. Wiggins, President Mr. Stephen E. Kompar, Vice.President Rev. Billy W. Kirk,'Asst. Secretary _ Mr. Jo4n,E. Chenriey., Secretaryr ` Mr. Fred Hel}nen,`, `Melmber A uorum was, present. . Others Present Mr. Dean J. Wilhelm, Redevelopment. Txustee ` Mr . a e� , Kovas South " Bend Tii nev Reporter Legal Counsel: Mr. Bruce C. Hammerschmidt LPA Staff: `I Mr. Howard Bellinger, Executive Director Mr. L. Glenn Barbe, Assistant Director Miss Helen Tapolseanyi, Secretary 2. Thi Speciai Meeting was convened pursuant to a duly dated and signed Notice of-Sp ecial' Meeting which was mailed and telephoned to each Com- mis inner in due time, form, and manner as required by,law,. The Pre ' sid nt read the original of the i1Notice and Certificate ".,set forth he- low,.and same was ordered spread.on the minutes_, as folljdws j NOTICE AND CERTIFICATE 1. NOTICE.'OF SPECIAL MEETING TO, THE COMMISSIONERS OF THE SOUTH BEND REDEVELOPMENT COMMISSION GOVERNING BODY OF 'THE CITY OF SOUTH BEND, DEPARTMENT, OF REDEVELOPMENT., - 1 - Notice is hereby given that a Special Meeting of the South Be d,Redevelopment Commission Governing Body of the City of South Be d, Department of Redevelopment, will be held at 120 West LaSalle Avanue, Suite 1001, in the City of South Bend, the regular meeting place thereof, at 9:30 o'clock A.M., on the 24th day_'_of :September -,199 8.3 for the purpose of considering the passing of proposed.Resolu- r;ti ru No.j234, a Resblution Anthbrizing the Sale, Issuance and De= livery of Preliminary Loan Notes in the Aggregate Principal Amount of $376,000.00, the Execution of Requisition Agreement No. 1, and the Execution and Delivery of Project Temporary Loan Note No. 1, in co , ectio w#h`_ProjecteNb. in&: R456:_ and_:fori_-the:;purp9se::of, ',trans- � J ,ac ingr;any other: bus inessowhichc may_ properly. some before <<such.,_rneeting.' _ -Bated ,this,, 17th day ©f _ September,r.l9i$ • . _ _ John= E Chenhey - Secretary Redevelopment Commission 2. CERTIF'ltATE�)OF SERVICE. I, John E. Chenneq; �eGretary_of the City of South Bend Rede- ve opment Commission'Governirig Body'-'of the City of South Bend, De- pa tment of Redevelopment, hereby certify that on the 17th day of Sep to 19618, I served a true copy of the - fd`going'Ndt ca "of Spe- er, 1 �Ieet�ng on each and everyCommissioner of the South Bend Rede- ve opiit Commission GoverA , ng Body o the City' f South` Bend, De- pa tment of'teclebelomerit�; "in tie 1 foll.ewing' manner: by telephone 3. and by mail',. Witness my hand this 24th.day of September, 1968. ... ''✓J✓ _- ,`L -I"; 1_. _._. -. Cam.. C _ �J t ,To i Chenneya Secr ary Red evelopment1 "Commissi v. _ f:_ i;. Mr. Wiggins,' introduced RESO TI6N- NO. 234 a resolution ` authorizing the Sale, Issuance and.Deliveery of Preliminary Loan Notes in the Ag regate Principal - Amount -of--$3 . 76 000.OG the Execution of Requisi .tin Agreement No. .l, and the Execution and,De,li,very, of ,Project Tempo- ra -y., Loan Note. No., 1, in 'connect ion .with Project NO." Indiana* R -56 Pu suant to advert isement for the receipt of`proposals` for the Purchase of Preliminary Loan Notes (First Series D), herein sometimes called 'TP eliminary Loan Notes," of the Local Public Agency aggregating $376,000.00,, which appeared in a Notiee"of Sale published in the Sep to er 3, 1'1968 issue of the South Bend Tribune, in the City of South 2 X- 4. Band, Indiana, and in the September 3, 1968 issue of The Daily Bond Buyer in the City of New York. Proposals for`'the" purchase of said notes in the form approved by the Local Public Agency were received, o ened, and_canvassed at the time and place provided by said adver- t sement, to wit: At Suite'1001, 120 W. LaSalle Avenue, in the City ol,South Bend; Indiana -, at 1;00 P.M., E.D S`T.,,September 17, 1968. e low bidder was: Morgan Guaranty'Trust''Co: of New York and` Salomon Brothers and Hutzler_ 23 Wall' Street New York City, New York 10015 at 3:04Y interest rate, plus $10.00 premium; for sale of Preliminary Loan Notes in tlie''amount of $376,000.00, First Series I'D,T1 for Project Indiana R -56, Industrial Expansion Project. The money will be used as our dayta day operating expense and will be repaid from the grant received from the Federal Government and the sale of land. The total Gross Cost of the project is $638,000.00. It is anticipated that $113,000.00 will be received from sale of land, thus resulting in a net Project Cost of $524,000:00. These costs in- c ude all site improvements. The total parcel covers about 13 -2 acres. The Commission will make the decision whether to sell the.land as a single parcel or divide the area into more than one parcel. On mo- t on by Mr'. Chenney, and seconded by Reverend Kirk, Resolution No. 2 4 was adopted and motion carried by unanimous vote - - -a11 Commis s oners voting "aye." Mr. Bellinger apprised the Commission that he received a letter,�today from Mr. Thomas S. Kilbride, the Acting Assistant Regional Adminis --- t ator for'Renewal Assistance, HUD Office, providing approval of our Downtown Renewal Program and approved the budget submitted forinfor- mational purposes only at this time, but giving.us assurance of a 10.8 Million Dollar, Capital Grant. This .amou s `$ 0, -0.OQ .less than r quested 3'I to-Regional Office adjustments -of. certain cost esti- tes. Mr. Hammerschmidt apprised the Commission that a most recent decision b the Indiana Supreme Court held that at Public Hearings the public i privileged to cross- examine any member of the Commission--which- ever members are questioned are required to respond. In. discussion, ir was decided that the Commission should have a review session on the downtown project. Mr. Wiggins suggested the Commissioners take a walk through the downtown area and brief themselves on actual evi- dence. Mr'. Wilhelm stated the one question in the minds of many peo- ple is what this may do to the tax rate. 3 - M Bellinger apprised the Commission it is the staff's intent to p ovide.eaeh Commission member with a summary, covering the most o vious areas for questioning. A discussion,followed on S. S. Kresge stating -this building will re mein as it'';is feasible for rehabilitation. All buildings to remain in the Renewal'Program must be brought up to project standards, and if the owner refus,gs,, the Commission may have to secure the property and see to;it that the improvements are made. S. ...It was agreed by the Commission an evening meeting would be accep- table for the purpose ,of' reviewing the Downtown Renewal Project, F' ajid the time was set for Wednesday,.October 2, 1968, at 7:00 P.M., Iii,the office of the Department of Redevelopment. I 6. Meting adjourned at 10:04 A.M. f z r :(SEAL) Ae L4�_ra I Howard Bellinge,, Exe4dtive Director ionald -A. Niggins; PrIfrident 4 - � r EXTRACTS FROM MINUTES OF MEETING EXTRACTS FROM THE MINUTES OF A SPECIAL MEETING OF THE SOUTH BEND REDEVELOPMENT COMMISSION GOVERNING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT HELD ON THE 24TH DAY OF SEPTEMBER, 1968 The South Bend Redevelopment Commission Governing Body of the City of South Bend, Department of Redevelopment met in a Special Meeting at 120,West LaSalle Avenue, Suite 10010 in the,City of,South Bend at 9:30 - o'clock A.M. on the 24th day of Septe er, 1968, the plact,'hour, and date duly established for the holding of such meets g. The Pres answered pres and the follo The Pres ent called the meeting to order and on roll call the following t: Mr. Donald A. Wiggins, President Mr. Stephen E. Kompar, Vice President Rev. Billy W. Kirk, Asst. Secretary Mr. John E. Chenney, Secretary Mr. Fred J. Helmen, Member were Absent: t declared a quorum present. The Pres dent reported that this Special Meeting was convened pursuant to a duly dated an signed Notice of Special Meeting which was mailed and telephoned to each Commissi ner in due time, form, and manner as required by law. The President read the orig nal of the "Notice and Certificate" set forth below; and the same was ordered spread on the minutes, as follows:. NOTICE AND CERTIFICATE 1. NOTICE OF SPECIAL MEETING TO THE COMMISSIONERS OF THE SOUTH BEND REDEVELOPMENT COMMISSION GOVERNING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT Notice i hereby given that a Special Meeting of the South Bend Redevelopment Commission Go erning Body of the City of South Bend, Department of Redevelopment will be held t 120 West LaSalle Avenue, Suite 1001 in the City of South Bend the regular meeting place thereof, at 9:30 o'clock A.M. on the 24th day of September, 1968 for the purpose of considering the passing of proposed Resolution No. 234, A Resolution Authorizing the Sale, Issuance and Delivery of Preliminary Loan Notes in the Aggregate Principal Amount of $376,000.00, the Execution of Requisition Agreement No. l,. and the Execution and Delivery of Project Temporary Loan Note No. 1, in Connection with Project No. Ind. R -56 and for the purpose of transacting any other business which may properly come before such meeting. 1 Dated th s. 17th day of September, 1968. John E. Chenney, Secretary Redevelopment Commission 2. CERTIFICATE OF SERVICE I, John E. Chenney, Secretary of the City of South Bend Redevelopment Commission Governing Body of the City of South Bend, Department of Redevelopment hereby certify that on the 17th day of September, 1968 1 served a true copy of the foregoing Notice of Special Meeting on each and every Commissioner of the'South Bend Redevelopment Commission Governing Body of the City of South Bend, Department of Redevelopment in the following manner: by telephone and by mail. Witness my hand this 24th day of September, 1968. (SEAL) Joh Chenney A R I tion entitled Resolution No. 234, A Resolution Authorizing the Sale, Is=nZ and Delivery of Preliminary Loan Notes in the Aggregate Principal Amount of $3 6,000.00, the Execution of Requisition Agreement No. 1, and the Execution an Delivery of Project Temporary Loan Note No. 1, in Connection with Project No. nd. R-56 was introduced by Mr. Wiggins. Said Relolution was then read in.full and discussed and considered. Mr. Chexney then moved the adoption of the Resolution as introduced and read. Reverend Kirk seconded the motion, andp on roll call, the following voted "Aye": Mr. Donald A. Wiggins Mr. Stephen E. Kompar Rev. Billy W. Kirk Mr. John E. Chenney Mr.. Fred J. Helmen and the following voted "Nay": None. The President thereupon-de6lared the motion carried and the Resolution adopted as read. There being no further business to come * before the meeting, upon. motion duly made and seccudedl, the meeting was adjournedg at 10:05 A. M.