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HomeMy WebLinkAbout2000-12-20 Redevelopment Authority MinutesSOUTH BEND REDEVELOPMENT AUTHORITY RESCHEDULED REGULAR MEETING December 20, 2000 1200 County-City Building 2:00 p.m. 227 West Jefferson Boulevard Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601 The December 20 , 2000 Regular Meeting of the Redevelopment Authority was called to order at 2:08 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 Member Absent: Mr. Cleo Washington Redevelopment Staff: Mr. Donald Inks, Director Mrs. Jenny Hullinger, Recording Secretary Z. APPROVAL OF MINUTES • A. Approval of the Minutes of December 4, 2000 Ms. Pfotenhauer had. asked at the last meeting that the minutes indicate that the claims have been reviewed and approved by Ms. Catherine Roemer, Controller and Mr. Don Inks, Director, and would like that addition to the minutes. Upon a motion by Jose Alvarez, seconded by Carolyn Pfotenhauer, and unanimously carried, the Authority approved the Minutes of the Regular Meeting of , 2000 with the addition requested added. 3. CLAIMS A. Claims previously reviewed and recommended for approval by the Director of Economic Development and the City Controller on December 20, 2000 The South Bend Redevelopment Authority Variable Rate Demand Lease Rental Bonds of 1994 (College Football Hall of Fame Project) Crowe, Chizek, and Company, LLP Billing for services for calculation of arbitrage rebate liability $2,500.00 • H:\WPDATA\AUTHORTY\122000.min.wpd • The South Bend Redevelopment Authority December 20, 2000 Meeting Minutes Crowe, Chizek, and Company, LLP Billing for services for performance of agreed-upon procedures and verification of arithmetical accuracy of schedules prepared by the underwriter for Escrow Verification $2,500.00 Wells Fargo Bank Indiana, N.A. Interest for December, 2000 $24,410.93 Bank One Capital Markets, Inc. Remarketing Services $9,893.10 The South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 2000 (College Football Hall of Fame) • Moody's Investors Service Professional Services $13,250.00 Upon a motion by Ms. Pfotenhauer, seconded by Mr. Alverez, and unanimously carried, the Authority approved the claims submitted December 20, 2000. B. Crediting of certain Wells Fargo Funds Ms. Pfotenhauer stated that the letter from Carolyn Davis of Wells Fargo indicated that funds held in the sinking fund for interest and principal had not been credited to the City in relation to the Morris Performing Arts Center. Mr. Inks said that $56,017.42 will be credited 1/28/01, and the Authority could deduct its trustee fees from that amount and part or all of the lease payment in 2001. Later in the year, $86,749.58 will be transferred to the sinking fund for the lease payment due 7/28/01 and payment to bond holders. The City Controller said it was appropriate to take this action, and that we should draft a letter explaining how they are to proceed. Mr. Inks said he would work with Mr. Rampola on the letter. Upon a motion by Mr. Alverez, seconded by Ms. Pfotenhauer, and with the recommendation from Baker and Daniels, the Authority approved the transfer of funds. • H:\WPDATA\P.UTHORTY\122000.min.wpd The South Bend Redevelopment Authority • December 20, 2000 Meeting Minutes 6. NEXT MEETING DATE: January 8, 2001 7. ADJOURNMENT There being no further business to come before the Redevelopment Authority the meeting was adjourned at 2:15 p.m. ~~ Carolyn V. Pfotenhau sident Donald Inks, Director • • H:\WPDATAWUTHORTY\122000.min.wpd • SOUTH BEND REDEVELOPMENT AUTHORITY County-pity Building, Room 1308 227 West Jefferson Boulevard South Bend, Indiana ANNUAL ORGANIZATIONAL MEETING AND SPECIAL MEETING Monday, January 15, 2001 1:30 p.m. AGENDA 1. Roll Call 2. Swearing in of Authority Members 3. Election of Officers 4. Approval of Minutes a. Approval of Minutes of the Regular Meeting of December 20, 2001 5. Claims 6. Next Meeting Date: a. Establish regular meeting times for 2001. 7. Adjournment •