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HomeMy WebLinkAbout1998-02-23 Redevelopment Authority Minutes• SOUTH BEND REDEVELOPMENT AUTHORITY SPECIAL MEETING February 23, 1998 1308 County-City Building 1:30 p.m. 227 West Jefferson Boulevard Presiding: Mr. Eugene Ladewski South Bend, IN 46601 The February 23, 1998 Special Meeting of the Redevelopment Authority was called to order at 1:35 p.m. by its President, Eugene Ladewski. There was a quorum present... L ROLL CALL Members Present: Mr. Eugene Ladewski, President Ms. Carolyn Pfotenhauer, Vice-President Members Absent: Mr. Andre Gainmage, Secretary Legal Counsel Ms. Acme Bruneel Mr. Randy Rampola, Baker and Daniels Redevelopment Staff: Mrs. Ann Kolata, Director Mrs. Jenny Hullinger, Recording Secretary • 2. APPROVAL OF MINUTES The Authority Members were unable to review the minutes ahead of -time, so approval of the minutes was tabled until the next meeting. 3. NEW BUSINESS a. .Authority approval requested for Resolution No. 119 approving a modification to the lease for the Morris Performing Arts Center Project and approving the execution of an addendum to the lease. Mrs. Kolata stated that the bond sale was held on Wednesday, February 18, 1998 and received an interest rate of 4.95%. City Securities is the purchaser of the bonds. The closing on the bonds is scheduled for March 4, 1998. • Mr. Rampola explained that Resolution No. 119 reduces the lease rental and amends the project description contained in the lease. The project has been finalized so that the legal descriptions have been clearly defined now. The Authority will own all of the property upon which the improvements are done except for an alleyway and the Water Works' parking lot. We will get easements for these properties. Mrs. Kolata stated that the major reason for changing the legal descriptions is that the location and positioning of the loading docks has been modified from the original design. • The South Bend Redevelopment Authority Special Meeting .February 23, 1998 Mrs. Kolata reported that the seats for the Morris have been removed. The asbestos removal bids are due on Monday, March 2, and the actual removal of the asbestos should take one month. The demolition of the stage house should take place in May, with the bids for it coming in March. The steel will be ordered in March and installed in the summer. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved Resolution No. 119. b. Authority approval requested for Resolution No. 120 approving and authorizing the execution of an agency agreement by and between the South Bend Redevelopment Authority and the City of South Bend, Indiana, Board of Public Works for the Morris. Performing Arts Center Project. Mrs. Kolata stated that Resolution No. 120 authorizes the South Bend Board of Public Works to act on behalf of the Redevelopment Authority to supervise the • bidding and construction of the Morris Performing Arts .Center. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved Resolution No. 120. c. Authority approval requested for Resolution No.121 authorizing the transfer of title to certain real property owned by the Authority to the South Bend Redevelopment Commission and certain actions related thereto. Mrs. Kolata explained that Monroe Parks Apartments is located on this property. Resolution No. 121 authorizes the transfer. of title of the property from the Redevelopment Authority to the Redevelopment Commission. The Commission will then transfer it to South Bend Housing Associates Limited Partnership, who has recently taken over as General Partner of the partnership owning the apartments. They need to own the land in order to obtain permanent financing for the project. South Bend Housing Associates Limited is affiliated with a firm named DOMINIUM Inc., who owns and operates hundreds of rental properties across the United States. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved Resolution No. 121. • 2 • The South Bend Redevelopment Authority Special Meeting February 23, 1998 d. Authority approval requested for authorization and direction to Norwest Bank, Indiana, N.A. for investment of bond funds for `College Hall of Fame' Project and `Century Center' Project. Mrs. Kolata explained that Norwest Bank has sent a letter seeking the Authority's approval. to invest funds for the Hall of Fame Project and Century Center Project in accordance with the terms of the Trust Agreement. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved the authorization of Norwest Bank to direct the investment of the bond funds. e. Authority approval requested for Resolution No. 122 accepting the transfer of real property from the South Bend Redevelopment Commission. Resolution No. 122 accepts the transfer of a strip of land thirty-six feet wide behind the Morris Performing Arts Center from the Redevelopment • Commission to the Redevelopment Authority. This is one piece of property that needs to be transferred to the Authority so that the Authority owns all the land where the Performing Arts Center will be built. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved Resolution No. 122. f. • Authority approval requested for Resolution No. 123 accepting the transfer of real property from the City of South Bend, Indiana. Mrs. Kolata explained that Resolution No.123 accepts the transfer of the Morris Civic Auditorium from the City of South Bend. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved Resolution No, .123. 5. CLAIMS Airport Tax Exempt Bonds-1997 Norwest Bank, Indiana, N.A. • $ 1,250..00 3 • The South Bend Redevelopment Authority Special Meeting February- 23, 1998 Morris Performing Arts Center- These claims are be paid from the proceeds of the bonds when such proceeds are received by the Authority on March 4, 1998. Kessler Associates, Inc. Kessler Associates, Inc. $116,593.38 $127,637.29 Upon a motion by Ms. Pfotenhauer, seconded by Mr. Ladewski and unanimously carried, the Authority approved the Claims submitted January 23, 1998. 6. NEXT MEETING DATE: March 16, 1998. 7. ADJOURNMENT There being no further business to come before the Redevelopment Authority, Mr. Ladewski adjourned the meeting at 2:00 p.m. • ~ a Euge Lad ci, President L l Ann E. Kolata, Director 4