HomeMy WebLinkAboutRDA Minutes 5.20.24CITY OF SOUTHBEND
REDEVELOPMENT AUTHORITY
May 20, 2024 — 8:00 am
BPW Conference Room, 13th Floor or via: http://tiny.cc/RDA052024
The meeting was called to order at 9:00 am
1. ROLL CALL
Members Present: Erin Linder Hanig, President - IP
Anthony Fitts, Vice -President - IP
Richard Klee, Secretary - Absent
Redevelopment Staff: Mary Sears, Board Secretary
Legal Counsel: Sandra Kennedy, Esq. - V
Danielle Campbell Weiss, City Attorney
Attending: Caleb Bauer, Executive Director Community Investment
Erik Glavich, Director Growth & Opportunity
Michael Schmidt, City Attorney
Randy Rampola, Barnes, and Thornburg
2. New Business
A. Resolution No. 218 (Accepting Transfer of Real Property from the South Bend
Board of Parks Commissioners)
Michael Schmidt, City Attorney Presented Resolution No. 218. As required by
state law, whenever the city is transferring property from one department to
another you have mirroring resolutions. The Parks Board is the possessor of
Coveleski field. The city is going to commit to approximately $45M for the
upgrades at Four Winds Field with the bonds running through Redevelopment
Authority. We need to transfer the assets from ownership from Parks
Department to the Redevelopment Authority. This resolution accepts the
transfer of property. We have the deed completely prepared. The Parks Board
acted in March.
EXCELLENCE, ACCOUNTABILITY INNOVATION I INCLUSION EMPOWERMENT
1400S County -City Building 227 W Jefferson Blvd,, South Bend, Indiana 466011 p 574.235.9337 f 574.235.9021 www.southbendin.gov
CITY OF SOUTH BEND I REDEVELOPMENT AUTHORITY
Randy Rampola, Barnes and Thornburg noted that the bonds are slated to sell
today with the closing date in June. Closing documents will be coming.
Upon a motion by Vice -President Fitts and seconded by President Hanig, the
motion carried unanimously, the Authority approved the Resolution No. 218
(Accepting Transfer of Real Property from the South Bend Board of Parks
Commissioners) on May 20, 2024.
B. Assignment and Assumption Agreement (Board of Parks Commissioners and
Swing Batter Swing).
Michael Schmidt, City Attorney stated this is a stadium use and operating
agreement through Swing Batter Swing, LLC. through the Parks Board. This lease
will be assigned to the Redevelopment Authority as the landlord of the property.
While the RDA accepts assumption under the agreement Venue Parks and Arts
will continue to run business as usual. The relationship will remain this way for
at least twenty years.
Caleb Bauer stated that the city is working on a music agreement so there will be
an amendment coming in the next couple of months; this is not sensitive to the
bond issuance. The term of the bond agreement is twenty years.
Upon a motion by Vice -President Fitts and seconded by President Hanig, the
motion carried unanimously, the Authority approved the Assignment and
Assumption Agreement (Board of Parks Commissioners and Swing Batter Swing)
on May 20, 2024.
3. ADJOURNMENT
The Authority adjourned the meeting at 8:09 am.
An ony Fitts Rick Klee
South Bend Redevelopment Authority South Bend Redevelopment Authority
Erin Linder Hanig
South Bend Redevelopment Authority
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