HomeMy WebLinkAbout3 EDC Minutes 11.9.22
SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION
November 9, 2022
via:
http://tiny.cc/EDC_
The South Bend Economic Development Commission was called to
order at 4:00 pm
1. Roll Call
Members Present: Cecilia Lopez Monterrosa, President
Rafael Morton, Vice-President
Renata Matousova, Secretary
Luis Zapata, Commissioner
Members Absent: Karen White, Commissioner
Staff: Sandra Kennedy, Esq.
Julie Wisner,
Mary Brazinsky, Board Secretary
Others Present: Caleb Bauer, Interim Director DCI
Sean Peterson
Mark Tarner, SBCC
Lisa Lee, Ice Miller
Jordan Smith, SBT
2. Election of Officers
Cecilia Lopez Monterrosa was nominated as President of the South Bend
Economic Development Commission by Renata Matousova Seconded by
Luis Zapata. The Commission voted unanimously for this election.
Rafael Morton was nominated as Vice-President of the South Bend
Economic Development Commission by Cecilia Lopez Monterrosa; Renata
Matousova Seconded the Nomination. The Commission voted
unanimously for this election.
Cecilia Lopez Monterrosa Nominated Renata Matousova for Secretary of
the South Bend Economic Development Commission. Luis Zapata
Seconded the Nomination. The Commission voted unanimously for this
election.
3. New Business
A. Minutes
Minutes 11.22.21
Upon a motion by Renata Matousova, Secretary and seconded
by Luis Zapata, Commissioner the motion carried unanimously,
the Commission approved the minutes of November 22, 2021, on
November 9, 2022.
B. Resolution No. 2022-1 (Electronic Meeting Participation)
Ms. Sandra Kennedy Presented Resolution No. 2022-1 (Electronic Meeting
Participation). This resolution follows the open-door law and applies to the
Commission and any appointed members. This allows participating
members to join virtually and stipulates at least 50% of the members must
be physically present at the meetings.
Upon a motion by Rafael Morton, Vice-President and seconded
by Luis Zapata, Commissioner the motion carried unanimously,
the Commission approved Resolution No. 2022-1 Electronic
Meeting Participation on November 9, 2022.
C. Resolution No. 2022-2 (SBCC)
Mr. Caleb Bauer Presented Resolution No. 2022-2 (SBCC). Consideration
was given to a request by The South Bend Chocolate Company, Inc.
("SBCC"), the Indiana Dinosaur Museum Inc. ("IDM"), or an affiliate of either
(SBCC, IDM and any applicable affiliate of either are herein collectively, the
"Borrower") for the issuance and funding of the City's Taxable Economic
Development Revenue Note, Series 2022 ("Series 2022 Note") for financing
the development, construction, renovation, and equipping of three (3)
buildings totaling approximately 90,434 square feet of attraction, retail,
restaurant, visitor center and tour-able chocolate factory space on real
estate commonly known as 24762 and 24820 U.S. Highway 20, South
Bend, Indiana 46628, along with its surrounding acreage to create a year-
around attraction and destination for City residents and visitors and to
support the development of Continental Divide Trail, all on the City’s
westside (collectively, "Project"), in or physically connected to the River
West Development Area and the River West Development Area Allocation
Area No. 1 (collectively, "Area"). A discussion was had as to the proposal of
the Borrower for the issuance and funding of the Series 2022 Note to
finance the Project to be located generally on real
estate commonly known as 24762 and 24820 U.S. Highway 20, South Bend,
Indiana 46628, along with its surrounding acreage.
The President then presented a proposed report of the city entitled "Project Report
of the South Bend Economic Development Commission concerning the issuance
and funding of the Taxable Economic Development Revenue Note, Series 2022 for
the Proposed Project to Serve Economic Development Facilities for The South
Bend Chocolate Company, Inc., the Indiana Dinosaur Museum Inc., or an Affiliate
of Either," as attached.
Proof of the publication notice was provided. The public was invited to comment or
attend. No comment was offered, and no members of the public were present.
Upon a motion by Cecilia Lopez Monterrosa, President and seconded by
Renata Matousova, Secretary the motion carried unanimously, the
Commission approved Resolution No. 2022-2 (SBCC) on November 9,
2022.
4. Adjournment
The meeting adjourned at 4:52 p.m.
_______________________ _______________________
Rafael Morton, Vice-President Renata Matousova, Secretary