HomeMy WebLinkAbout1993- 06-29 Minutesi•
2. APPROVAL OF 1~~L[NUTES
Mr. Joseph Wroblewski, President
Mr. Andre Gammage, Vice-President
Mro Donald K. Fewell, Secretary
Mrs. Ann Kolata, Director
Mrs. Cheryl Phipps, Office Manager
Mr. James Riggs, Economic Dev. Specialist
Ms. Jenny Pitts Manier
Mr. Randolph Rompola, Baker ~ Daniels
a, Approval of Minutes of the Regular Meeting of Thursday, June 17, 1993,
ZTpon a motion by Mr. Gammage, seconded by Mr. Wroblewski and unanimously
carried, the Authority approved the Minutes of the Regular Meeting of Thursday, June
17, 1993.
3. NEW BUSINESS
a. Authority a~roval requested for Resolution No 77 author3zine the issuance of the South
Bend Redevelopment Authority Taxable Lease Rental Acquisition and Refundine
Revenue Bonds of 1993 (Airport Economic Development Area Public Improvement
Pro,~ectl and other- related matters.
Mr. Rompola explained Resolution No. 77. It authorizes the issuance of bonds in the
amount not to exceed $5,000,000 for the purpose of refunding existing bonds and
SOUTH BEND REDEVELOPMENT AUTHORITY
SPECIAL MEETING
June 29, 1993 1305 County-City Building
4:30 p.m. 227 W. Jefferson Boulevard
Presiding Joseph Wroblewski South Bend, Indiana 46601
President
The June 29, 1993 Regular Meeting of the Redevelopment Authority was called to order at 4:32
p.m. by its President, Joseph Wroblewski. There was a quorum present.
1. ROLL CALL
Members Present:
Members Absent:
Redevelopment Staff:
Legal Counsel:
Others:
South Bend Redevelopment Authority
Special Meeting -June 29, 1993
3. NEW BUSINESS (Cont.)
a. continued...
acquiring additional land. We actually expect the bond sale to be more in the
neighborhood of $4,800,000. The resolution provides that the maximum interest rate for
the bonds may not exceed 8.5 ~ . Principal and interest on the bonds will be paid
semiannually on February 1 and August 1, with a final maturity date no later than
August 1, 2012. The underwriter may aggregate the bonds into one or two '"term
bonds.'° The resolution also appoints Society National Bank as trustee for the bonds and
as escrow agent for the refunding of the 1991 taxable bonds and approves forms of the
trust agreement and escrow agreement. It also provides that the bonds will be sold by
private, negotiated sale to City Securities Corporation.
Upon a motion by Mr. Gammage, seconded by Mr. Wroblewski and unanimously
carried, the Authority approved Resolution No. 77 authorizing the issuance of the South
Bend Redevelopment Authority Taxable Lease Rental Acquisition and Refunding
Revenue Bonds of 1993 (Airport Economic Development Area Public Improvement
Project) and other related matters.
• 4. APPROVAL OF CLAIMS
Claims submitted for payment June 29, 1993:
AIRPORT TAX-EXEMPT. PUBLIC IlVIPROVEMENTS
Holladay Corporation $597.18
BLACKTHORN GOLF COURSE
Michael Hurdzan Golf Course Design $40,000.00
5. ADJOURNMENT
There being no further business
that the meeting be adjourned.
adjourned at 4:50 p.m.
to come before the Authority, Mr. Gammage made a motion
VIr. Wroblewski seconded the motion and the meeting was
I.Ca ~=
eph .Wroblewski, President
•
Ann E. I~olata, hector
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