HomeMy WebLinkAbout3A Meeting Minutes 11.14.2019
November 14, 2019 County-City Building
2:00 p.m. 227 West Jefferson Boulevard
Community Investment Conference Room South Bend, IN 46601
The meeting was called to order at 2:05 p.m.
1. ROLL CALL
Members Present: Anthony Fitts, Vice-President
Richard Klee, Secretary-Treasurer
Members Absent: Erin Linder Hanig, President
Redevelopment Staff: Mary Brazinsky, Board Secretary
Legal Counsel: Sandra Kennedy, Esq.
Attending: Amanda Pietsch, DCI
Randy Rampola, Barnes & Thornburg
Jitin Kain, DCI
2. APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of October 10, 2019
Upon a motion by Richard Klee, Secretary-Treasurer seconded by
Anthony Fitts, Vice-President, the motion carried unanimously, the
Authority approved the Minutes of the Meeting on October 10, 2019.
Meeting – November 14, 2019
Page | 2
3. NEW BUSINESS
A. Resolution No. 206 (Accepting Transfer of Property from BPW)
Randy Rampola, Barnes & Thornburg presented Resolution No. 206
(Accepting Transfer of Property from BPW). We will be leasing a portion
of Cleveland Road. These are known as the lease bonds. On Tuesday,
November 12, 2019 the Board of Public Works adopted this. This
resolution accepts the title from the Board of Public Works for this
property.
Upon a motion by Richard Klee, Secretary-Treasurer seconded by
Anthony Fitts, Vice-President, the motion carried unanimously, the
Authority approved Resolution No. 206 (Accepting Transfer of Property
from BPW) submitted on November 14, 2019.
B. Resolution No. 207 (Authorizing Issuance of Bonds South Bend 2019
Bonds Double Tracking Project)
Randy Rampola, Barnes & Thornburg presented Resolution No. 207
(Authorizing Issuance of Bonds South Bend 2019 Bonds Double Tracking
Project). We are on schedule with a notice in the paper noting we will be
selling the bonds. The bonds will go on sale December 4th and be
complete December 17, 2019. This will not exceed 11,000,000 which is
the high number, it is actually closer to $9,000,000. Once the bond is sold
the term will be set as well as the interest rate. The resolution also
authorizes the trust indenture in regards to the bond sale.
Upon a motion by Anthony Fitts, Vice-President, seconded by Richard
Klee, Secretary-Treasurer, the motion carried unanimously, the Authority
approved Resolution No. 207 (Authorizing Issuance of Bonds South Bend
2019 Bonds Double Tracking Project) submitted on November 14, 2019.
4. ADJOURNMENT
Upon a motion by Anthony Fitts, Vice-President seconded by Richard
Klee, Secretary-Treasurer, the motion carried unanimously, the Authority
adjourned the meeting at 2:11 p.m.
______________________________ ______________________________
Mary Brazinsky Tony Fitts, Vice-President
Board Secretary, South Bend Redevelopment Authority
Community Investment