HomeMy WebLinkAbout1996-02-28 Redevelopment Authority Minutesn
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SOUTH BEND REDEVELOPMENT AUTHORITY
RESCHEDULED MEETING
February 28, 1996 1308 County -City Building
4:00 p.m. 227 W. Jefferson Boulevard
Presiding: Joseph Wroblewski South Bend, Indiana 46601
President
The February 28, 1996 Rescheduled Meeting of the Redevelopment Authority was called to
order at 4:20 p.m. by its President, Joseph Wroblewski. There was a quorum present.
1. ROLL CALL
Members Present:
Members Absent:
Redevelopment Staff:
2. APPROVAL OF MINUTES
Mr. Joseph Wroblewski, President
Mr. Andre B. Gammage, Vice-President
Ms. Mary O. Ferlic, Secretary
Mrs. Ann Kolata, Deputy Executive Director
Ms. Joelle Webb, Recording Secretary
a. Approval of Minutes of the Regular Meeting of February 7, 1996.
Upon a motion by Mr. Gammage, seconded by Mr. Wroblewski and
unanimously carried, the Authority approved the Minutes of the Regular
Meeting of Wednesday, February 7, 1996.
3. NEW BUSINESS
a. Authority approval requested for proposal from Baker & Daniels for
professional services in the Airport Economic Development Area (Airport
Tax Exempt Bond Issue Refinancing & SBCDA Public Improvement Bond
Issue Refinancing)
Mrs. Kolata explained that interest rates are down and we have been advised
that we could save money if we refinance these bond issues. Baker & Daniels
has submitted a proposal to provide legal counsel for the refinancing. There
will be two bond issues and one official statement. Baker & Daniels will
charge us on a hourly rate not to exceed $25,000. The staff recommends
accepting the proposal.
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• Upon a motion by Mr. Gammage, seconded by Mr. Wroblewski and
unanimously carried, the Authority accepted the proposal from
Baker & Daniels for professional services in the Airport Economic
Development Area (Airport Tax Exempt Bond Issue Refinancing &SBCDA
Public Improvement Bond Issue Refinancing)
b. Authority approval requested for proposal from H.J. Umbaugh and
Associates for professional .services in the Airport Economic Development
Area (Airport Tax Exempt Bond Issue Refinancing &SBCDA Public
Improvement Bond Issue Refinancing)
Mrs. Kolata explained that H. J. Umbaugh and Associates has submitted a
proposal to provide financial advisory services for the refinancing of these
bonds. Their fee, though broken down into fees for specific services, will not
exceed $24,000, plus expenses including printing of the official statement.
The staff recommends accepting the proposal.
Upon a motion by Mr. Wroblewski, seconded by Mr. Gammage and
unanimously carried, the Authority accepted the proposal from H.J Umbaugh
and Associates for professional services in the Airport Economic Development
Area (Airport Tax Exempt Bond Issue Refinancing. &SBCDA Public
Improvement Bond Issue Refinancing)
5. NEXT MEETING DATE:
The next meeting of the Redevelopment Authority is rescheduled for Wednesday,
March 13, 1996 at 4:30 p.m. This will take the place of the March 6 meeting.
6. ADJOLTItNMENT
There being no further business to come before the Redevelopment Authority, Mr.
Gammage made a motion that the meeting be adjourned. Mr. Wroblewski seconded
he motion and the meeting was adjourned at 4:30
J eph .Wroblewski, President Ann E. Kolata, Director
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