HomeMy WebLinkAboutSM 11-13-81November 13
11:00 a.m.
Presiding 0
SOUTH BEND REDEVELOPMENT COMMISSION
SPECIAL MEETING
um
ficer: Mr. F. Jay Nimtz,
President
1. ROLL CALL
Members
Members
1200 County -City Building
227 W. Jefferson Boulevard
South Bend, Indiana 46601
Present: Mr. F. Jay Nimtz, President
Mr. L1oyd,E. Robinson, Sr., Vice President
Mr.. A. Peter Donaldson, Secretary
Mr. Robert J. Cira, Assistant Secretary
Absent:
Legal Counsel:
Ms. Paula N. Auburn, Member
Mr. Kevin J. Butler
Redevel pment Staff: Mr. Patrick M. McMahon, Executive Director
Mrs. Ann Kolata, Deputy Director
Mrs. Angela Coar, Executive Secretary
News Meoia: Ms. Jeanne Derbeck, Reporter, South Bend Tribune
Guests:1 Mr. Richard L. Hill, City Attorney
2. FIRST BANK CENTER COMPLETION CERTIFICATES AND REQUIREMENTS
a. Certificate Regarding Joint Development Agreement
Joi t Operating Agreement and UDAG Grant.
b. Lessor's Certificate.
c. Certificate of Completion.
Mr. Hill explained that the three documents being con-
sidered are related to RAHN Properties' timetable for
converting their construction loan to permanent fin-
ancing.
The Certificate Regarding Joint Development Agree-
ment, Joint Operating Agreement and UDAG Grant states
that the City has done all of the things that are re-
qui ed by the Agreement with the exception of the
wal way which is specifically deferred in the Agreement.
The Lessor's Certificate states that the ground lease
with RAHN Properties is still in full force and effect,
that there is no default and RAHN has constructed the
improvements called for in the lease.
South Bend edevelopment Commission
Special Mee ing - November 13, 1981
2. FIRST BANK CENTER COMPLETION CERTIFICATES AND REQUIREMENTS (continued)
The Certificate of Completion is similar to one pre -
vio sly adopted by the Commission, but in a slightly
different form as required by bond counsel.
Upon motion made by Mr. Donaldson, seconded by Mr.
Cira and unanimously carried, the President and
Secretary were authorized and directed to sign a
Certificate Regarding Joint Development Agreement
and UDAG Grant, the Lessor's Certificate and the
Cer ificate of Completion.
3. ADJOURNMENT
CERTIFICATE REGARDING JOINT
DEVELOPMENT AGREEMENT, JOINT
OPERATING AGREEMENT AND UDAG
GRANT, LESSOR'S CERTIFICATE,
AND CERTIFICATE OF COMPLETION
APPROVED
There being no further business to come before the Com- ADJOURNMENT
mission, Mr. Donaldson made a motion that the meeting be
adjourned. The motion was seconded by Mr. Robinson and
unanimously carried. The meeting was adjourned at
11:20 a.m.
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2
atrick M. McMahon,"- Executive Director