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HomeMy WebLinkAbout2000-04-26 Redevelopment Authority Minutes• SOUTH BEND REDEVELOPMENT AUTHORITY RESCHEDULED REGULAR MEETING Apri126, 2000 1308 County-City Building 1:30 p.m. 227 West Jefferson Boulevard Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601 The April 26, 2000 Regular Meeting. of the Redevelopment Authority was called to order at 1:37 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. Owen Rock, Senior Economic Development Planner 2. APPROVAL OF MINUTES • Upon a motion by Jose Alvarez, seconded by Carolyn Pfotenhauer, and unanimously carried, the Authority approved the Minutes of the Regular Meeting of March 6, 2000. 3. NEW BUSINESS a. Authority approval requested for Resolution No.139 of the South Bend Redevelopment Authority approving the transfer of real property to the South Bend Redevelopment Commission. Mrs. Kolata said this resolution transfers land on the west side of the bypass between the toll road and Nimtz Parkway that we bought from the Toll Road Authority. The Redevelopment Commission will sell the land to Lone Wolf. Kevin Smith and Deluxe Sheet Metal are expanding their business and building a 55,000 sq. ft. building on the property. The land has a large dip in it and Kevin Smith is doing all the excavating to fill it in. There are 17 acres of land, which he may subdivide and sell a portion of. He is putting roads on the property, and the Redevelopment Commission is building a road to the property. The property is being sold to Mr. Smith at a very reasonable price since he will have considerable expense at making it usable. There are covenants that govern the property. Upon a motion by Carolyn Pfotenhauer, seconded by Jose Alvarez, and unanimously carried, the Authority approved Resolution No. 139 of the South Bend • Redevelopment Authority approving the transfer of real property to the South Bend H:\WPDATA~AUTHORTl'~042600.min.wpd • The South Bend Redevelopment Authority April 26, 2000 Meeting Minutes Redevelopment Commission. b. Authority approval requested for Resolution No. 140 of the South Bend Redevelopment Authority approving the transfer of real property to the South Bend Redevelopment Commission. Mr. Rock said that Abro Industries is presently on Lincolnway but are expanding their Corporate headquarters and desire to build a 13,000 sq. ft., two story building in the Blackthorn Corporate Park. Abro is an international exporter, that currently has about 80 employees in their corporate offices and want to add another 20. The building will be brick with tinted glass, and there is room for - them to add on in the future. This resolution transfers the land to the Redevelopment Commission and the Commission will then sell it to Abro. Upon a motion by Carolyn Pfotenhauer, seconded by Jose Alvarez, and unanimously carried, the Authority approved Resolution No. 140 of the South Bend Redevelopment Authority approving the transfer of real property to the 'South Bend Redevelopment Commission. • 4. CLAIMS Claims submitted for approval Apri126, 2000 Morris Performing Arts Center Project Lease Rental Refunding Bonds of 1998- Norwest Bank, Indiana, N.A., Annual administration fee for 3-1-99 through 2-28, 2000 Hall of Fame Variable Rate Demand Lease Rental Bonds of 1994 Letter of Credit Fee in advance of 4-28-00 L/C Draw Fees ($150 per draw) South Bend Central Development Area Project 1990 Norwest Bank, Indiana, N.A. Annual Administration Fee: $3,250.00 20,221.35 450.00 20,671.35 900.00 Upon a motion by Carolyn Pfotenhauer, seconded by Jose Alvarez, and unanimously • H:\WPDATA\AUTHORTY\042600.min.wpd • The South Bend Redevelopment Authority Apri126, 2000 Meeting Minutes carried, the Authority approved the claims submitted April 26, 2000. 6. OTHER BUSINESS a. Norwest Bank ratification Mrs. Kolata checked with Norwest about the letters they were sending us. -They wanted the Authority to sign a letter stating we ratify the investment actions that Norwest had taken. Since that is already in the trust agreement there is no need to' ratify their actions. The trust agreement does say that Norwest will invest at the direction of the Authority. Their auditors are wanting that information in writing. The City Controller is willing to act on behalf of the Authority in this matter. Forms could be filled out for each of the accounts, and the City Controller would sign them. Mrs. Pfotenhauer asked if they are supposed to invest at our direction why are they asking for ratification? A ratification is not at our direction. Mrs. Pfotenhauer suggested that we give them a letter directing them to act in accordance with the trust agreement and give us reports on a regular basis. Mrs. Kolata said the quarterly bank statements outline their actions and could be brought to the Authority meetings if they would like to see them. Mrs. • Pfotenhauer said that Norwest should send a letter each quarter, stating that the quarterly bank statements have been reviewed and show that they are complying with the-trust agreement. Mrs. Kolata said she would draft a letter for the Authority to sign at the next meeting that would be sent to Norwest with that request. B. Clarification of a claim for the annual administration fee for Blackthorn Golf Course. Mrs. Kolata said Blackthorn Golf Course sent a claim for $1,500.00, which should have been only $1,250.00. Mrs. Kolata checked the minutes, saw the $1,500.00 claim had been approved December 15, 1999, so she called and asked if the claim had been paid. They reported that they had not paid themselves the $1,500.00, but were going to pay themselves the $1,250.00. Upon a motion by Mrs. Pfotenhauer, seconded by Mr. Alvarez, the Redevelopment Authority acknowledges the $1,500.00 claim was in error, and has rescinded their approval of that claim, and approved the $1,250.00 claim. 7. NEXT MEETING DATE: May 15, 2000. • H:\WPDATA\AUTHORTY\042600.min.wpd r v • The South Bend Redevelopment Authority Apri126, 2000 Meeting Minutes 8. ADJOURNMENT There being no further business to come before the Redevelopment Authority the meeting was adjourned at 3:50 p.m. :Carolyn V. f enha resident ~/I~L¢(~~ipr~ Donald E. Inks, Director H:\WPDATAWUTHORTY\042600.min.wpd