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HomeMy WebLinkAbout1999-09-20 Redevelopement Authority MinutesV' t} • SOUTH BEND REDEVELOPMENT AUTHORITY REGULAR MEETING September 20, 1999 1308 County-City Building 1:30 p.m. 227 West Jefferson Boulevard Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601 The September 20, 1999 Regular Meeting of the Redevelopment Authority was called to order at 1:47 p.m. by its President, Carolyn Pfotenhauer. There was a quorum present. 1. ROLL CALL Members Present: Ms. Carolyn V. Pfotenhauer, President Mr. Jose Alvarez, Secretary Redevelopment Staff: Mrs. Ann E. Kolata, Director Mrs. Jenny Hullinger, Recording Secretary Mr. Brian Steinke, Attorney 2. APPROVAL OF MINUTES Upon a motion by Jose Alvarez, seconded by Carolyn Pfotenhauer, and unanimously • carried, the Authority approved the Minutes of the Rescheduled Regular Meeting of July 28, 1999. 3. New Business a. Authority approval requested for Investment Authorization for funds associated with the Century Center bond issue. b. Authority approval requested for Investment Authorization for funds associated with the Hall of Fame bond issue. Mrs. Kolata stated that Norwest Bank has already invested funds associated with the Century Center and Hall of Fame bond issues by purchasing Treasury Bills. They are requesting written acknowledgment of their purchase. Mrs. Kolata asked if the Authority would like to authorize someone to sign the acknowledgments each time they come because our Trust Agreement with them outlines the types of investments they can make. Mr. Alvarez asked if the bond investments were in accord with the Trust Agreement. Mrs. Kolata said that their investment was in accord with the Agreement. Mr. Alvarez said he would like • H:\WPDATA\AUTHORTY\092099.MIN ~~ • The South Bend Redevelopment Authority September 20, 1999 Meeting Minutes their letter to certify that securities purchased were in accord with the Trust Agreement. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Alvarez, and unanimously carried, the Authority authorized Mrs. Kolata to sign the requests for acknowledgment that came before the Authority today, and those that will come in the future, and report to the Authority concerning them. The Authority also requests Mrs. Kolata send a letter to Norwest Bank, N.A. and ask that their letters in the future state that their investments are in accordance with the Trust Agreement. 4. CLAIMS Claims submitted for approval September 20, 1999: College Football Hall of Fame Revenue Bonds of 1994 Moody's Investors Service (Professional Services August 1999 -July 2000) $5,000.00 • Wayne Garage Lease Rental Revenue Bonds Norwest Bank, N.A. (Annual Administration Fee August 1, 1998 -July 31, 1999) $2,586.75 Palais Royale Bonds Norwest Bank, N.A. (Annual Administration Fee July 1, 1998 -June 30, 1999) $1,055.00 Upon a motion by Mr. Alvarez, seconded by Ms. Pfotenhauer, and unanimously carried, the Authority approved the claims submitted September 20, 1999. 6. NEXT MEETING DATE: October 4, 1999. 7. ADJOURNMENT There being no further business to come before the Redevelopment Authority, Ms. Pfotenhauer made a motion that the meeting be adjourned. Mr. Alvarez seconded the • H:\ WPDATA\AUTHORTY\092099.MIN ~.. . • The South Bend Redevelopment Authority September 20, 1999 Meeting Minutes motion, and the meeting was adjourned at 1:57 p.m. „_~. , Matthew Kahn, Vice President • • ~~ ~,~ Ann E. Kolata, Director H:\ WPDATAW UTHORTI'\092099.MIN