HomeMy WebLinkAbout12-09-02 Joint Meeting Community & Economic Development and Parks, Recreation, Cultural Arts & Entertainment tontiuf tt g *port
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The December 9, 2002 joint meeting of the Community and Economic Development Committee
and the Parks, Recreation, Cultural Arts and Entertainment Committee was called to order by
Community and Economic Development Committee Chairperson, Council Member King at 4:17
p.m. in the Council Informal Meeting Room.
Persons in attendance included Council Members Aranowski, Pfeifer, Kelly, King, Varner,
Kuspa, White, Coleman and Kirsits; Community & Economic Development Department Director
Jon Hunt, City Controller Rick 011ett, Ann Kolata, Water Superintendent John Stancati, Michael
Beitzinger, Cathy Bruecker, Terry Bland of the ioutb its 1/trtbun , and Kathleen
Cekanski-Farrand, Council Attorney.
Council Member King called for a presentation on Bill No. 100-02 which would redeem the 1992
South Bend Redevelopment Authority taxable lease/rental revenue bonds (Palais Royale); to
appropriate $34,314.63 from Fund #328 for bond redemption purposes; to transfer$260,686.37
from Fund#328 to Fund#420(South Bend Central Development Area TIF);and to close Fund#
328 due to fulfillment of the fund's purpose.
City Controller Rick 011ett made the presentation. He stated that the Administration wishes to retire
the bonds on the Palais Royale building issued in 1992 on December 27, 2002. The appropriation
request would be to redeem the bonds and Fund # 328 addressing the Palais Royale repayment
could then be closed.
Following discussion, Council Member Aranowski made a motion, seconded by Dr. Varner that
Bill No. 100-02 be recommended favorably to Council. The motion passed.
There being no further business to come before the joint committee meeting, Council Member King
adjourned the meeting at 4:20 p.m.
Respectfully submitted,
Council Member Karl King, Chairperson
Community and Economic Development Committee
Council Member Sean Coleman, Chairperson
Parks, Recreation, Cultural Arts and Entertainment Committee
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