HomeMy WebLinkAbout2001-09-05 Redevelopment Authority Minutes• SOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
September 5, 2001 1308 County-City Building
1:30 p.m. 227 West Jefferson Boulevard
Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601
The February 5, 2001 Regular Meeting of the Redevelopment Authority was called to
order at
1:35 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: Mr. Donald Inks, Director
Mr. Owen Rock, Assistant Director
Mrs. Jenny Hullinger, Recording Secretary
• 2. APPROVAL OF MINUTES
a. Approval of the minutes of July 18, 2001
Upon a motion by Carolyn Pfotenhauer, seconded by Jose Alvarez, and
unanimously carried, the Authority approved the Minutes of the Regular Meeting
of July 18, 2001.
3. NEW BUSINESS
a. Authority approval requested for Resolution No.147 approving the transfer
of real property to the South Bend Redevelopment Commission.
Mr. Owen Rock explained that the Cressy Michiana Properties built the
Associates building three years ago and will put a 40,00 - 50,000 sft `
addition on this year, as well as add 75 parking spaces. The addition will
look like the present building. The lot they are purchasing is one they have
an option to purchase and is to the north of the building. Mr. Alvarez asked
how much land was being sold for in Blackthorn, and Mr. Rock said
$35,000/acre in that area of Blackthorn.
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The South Bend Redevelopment Authority
September 5, 2001 Meeting Minutes
Upon a motion by Mr. Alvarez, seconded by Ms. Pfotenhauer, the
Authority approved Resolution No.147 approving the transfer of real
property to the South Bend Redevelopment Commission.
4. CLAIMS
Claims submitted for approval September 5, 2001
Century Center Refunding Bonds of 2001
Meridian Title Corporation
Commercial Mortgagees $6,142.50
•
Mr. Inks asked that the claim for the Century Center Refunding Bonds of 2001 be
approved contingent upon a receipt and review of a listing from the financial
consultant on these bonds that this is an anticipated issuance cost and that the
amount is in line with the original estimate. Mr. Inks said he recently requested
that information and has not received it yet. Ms. Pfotenhauer asked if that was
something he usually got. Mr. Inks said he had only dealt with one previous bond
and the consultant gave a list of costs which enabled him to be able to verify
claims as they came in.
Upon a motion by Ms. Pfotenhauer, and seconded by Mr. Alvarez, the Authority
approved the claim subject to Mr. Inks' verification of the claim. If the claim is not
appropriate, then Ms. Pfotenhauer asked that Mr. Inks bring the claim back to the
Authority for review. Mr. Alvarez requested that Mr. Inks inform the Authority, at
the next meeting, the amount the spec charges were when they first prepared the.
estimates.
South Bend Redevelopment Authority Parking Facility, 1992
Wells Fargo Bank, Indiana, N.A.
Administration & Transaction Charges $2,600.00
South Bend Redevelopment Authority Taxable Palais Royale
Wells Fargo Bank, Indiana, N.A.
Administration & transaction Charges $1,000.00
•
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• The South Bend Redevelopment Authority
September 5, 2001 Meeting Minutes
Mr. Inks said that- these two claims are Trustee fees.
Upon a motion by Mr. Alvarez, seconded by Ms. Pfotenhauer, and unanimously
carried, the Authority approved these two claims submitted September 5, 2001.
6. NEXT MEETING DATE: September 19, 2001. Ms. Pfotenhauer requested that
the meeting be scheduled in the morning and a time of 9:30 am was agreed upon.
7. ADJOURNMENT
There being no .further business to come before the Redevelopment Authority the
meeting was adjourned at 1:48 p.m.
~~
• arolyn V. P tenhau esident
•
onald Inks, Director
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