HomeMy WebLinkAbout1992-05-22 Minutes
SOUTH BEND REDEVELOPMENT AUTHORITY
• SPECIAL MEETING
May 22, 1992 1200 County-City Building
1.30 p.m. 227 W. Jefferson Boulevard
Presiding: Joseph Wroblewski South Bend, Indiana 46601
President
The May 22, 1992, Special Meeting of the Redevelopment Authority
was called to order at 1:38 p.m. by its President, Joseph
Wroblewski. There was a quorum present.
1. ROLL CALL
•
Members Present: Mr. Joseph Wroblewski, President
Mr. Andre Gammage, Vice-President
Mr. Donald Fewell, Secretary
Legal .Counsel:
Redevelopment Staff:
Media:
Others
2.
Upon a motion by Mr. Fewell, seconded by Mr. Gammage and
unanimously carried, the Authority approved the Minutes
of the Special Meeting of Thursday, April 30, 1992.
3.
APPROVAL OF MINUTES
Mr. Richard A. Nussbaum III
Mrs. Ann Kolata, Director
Mrs. Cheryl Phipps, Office Manager
Mr. Don Porter, South Bend Tribune
Mr. Randy Rompola, Baker & Daniels
a. Approval of Minutes of the Special Meeting of Thursdav,_
April 30, 1992.
NEW BUSINESS
a. Authority approval requested for Resolution No. 53
approving the Official Statement relating to the issuance
of the South Bend Redevelopment Authority Lease Rental
Mrs. Kolata explained that Resolution No. 53 states the
Authority's intention to refund all of the bonds for the
parking garage in the amount not to exceed $4,695,000.
The Official Statement has been prepared and is in
substantially final form. The resolution also authorizes
publication of the Notice of Intent to Sell Bonds, which
will be published May 22 and May 29, 1992. Bidders will
be given a deadline by which to register and then they
-1-
•
r'
s~
t
South Bend Redevelopment Authority
Special Meeting - May 22, 1992
3. NEW BUSINESS (Cont.)
a. continued...
will be notified 24 hours before the sale. We are
tentatively anticipating the sale on June 11. If
interest rates get high enough that we would not realize
substantial savings, we do not have to go through with
the sale.
Our financial consultant intends to send the Official
Statement to Moody's for a rating the week of May 26.
Upon a motion by Mr. Gammage, seconded by Mr. Fewell and
unanimously carried, the Authority approved Resolution.
No. 53 approving the Official Statement relating to the
issuance of the South Bend Redevelopment Authority Lease
Rental Revenue Bonds (St. Joseph/Wayne Street Parking
Garage Refunding) and authorizing distribution of
information.
b. Staff report on acquisition of property in the South Bend
Central Development Area.
There was no report at this time.
4. APPROVAL OF CLAIMS
S.B.C.D.A. PUBLIC IMPROVEMENT PROJECT
High Street Storage $ 27.00
Abstract & Title Corp. 300.00
TOTAL S.B.C.D.A. PUBLIC IMPROVEMENT PROJECT $ 327.00
AIRPORT TAX-EXEMPT BOND
Shilts Graves & Assoc. $ 65.00
Cole Associates, Inc. 12,992.50
Shilts Graves & Assoc. 65.00
TOTAL AIRPORT TAX-EXEMPT BOND $13,122.50
AIRPORT TAXABLE BOND
Elige Hannah Jr. and Rosalind Hannah $ 3,000.00
TOTAL AIRPORT TAXABLE BOND $ 3,000.00
. Upon a motion by Mr. Fewell, seconded by Mr. Gammage and
unanimously carried, the Authority approved the Claims
submitted May 22, 1992 for ,payment.
-2-
•
•,
South Bend Redevelopment Authority
Special Meeting - May 22, 1992
5. ADJOURNMENT
There being no further business to come before the Authority,
Mr. Fewell made a motion that the meeting be adjourned. Mr.
Gammage seconded the motion and the meeting was adjourned at
1:47 p.m.
ose Wroblewsi, President
~~ ~.
Ann E. Kolata, Director
-3-
0
^~
k
South Bend Redevelopment Authority
Special Meeting - May 22, 1992
5. ADJOURNMENT
There being no further business to come before the Authority,
Mr. Fewell made a motion that the meeting be adjourned. Mr.
Gammage seconded the motion and the meeting was adjourned at
1:47 p.m.
•
i•
ose Wroblewsi, President
~-.
Ann E. Kolata, Director
-3-