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HomeMy WebLinkAbout2014 0416 Redevelopment Authority MinutesSOUTH BEND REDEVELOPMENT AUTHORITY ANNUAL ORGANIZATIONAL MEETING February 19, 2014 1308 County -City Building 11:00 a.m. 227 West Jefferson Boulevard Presiding: Carolyn Pfotenhauer South Bend, IN 46601 The February 19, 2014 Annual Organizational Meeting of the Redevelopment Authority was called to order at 11:00 a.m. by its Vice President, Carolyn Pfotenhauer. There was a quorum present. 1. ROLL CALL Members Present: Ms. Carolyn V. Pfotenhauer, Vice President Mr. Jose Alvarez, Secretary Member Absent: Mr. Ray Thomas, President Redevelopment Staff: Mr. Brock Zeeb, Director of Economic Resources Mr. Dave Relos, Associate, Community Investment Mr. Larry Meteiver, Legal Counsel Mrs. Cheryl Phipps, Recording Secretary Others: Mr. John March, Community Investment Ms. Janice Talboom, Deputy City Clerk SWEARING IN OF AUTHORITY MEMBERS The Mayor has appointed Ms. Carolyn V. Pfotenhauer and Mr. Jose Alvarez to serve on the Redevelopment Authority in 2014. One additional appointment will be made at a later time. Ms. Janice Talboom conducted the swearing in of Ms. Pfotenhauer and Mr. Alvarez for 2014. 3. ELECTION OF OFFICERS Mr. Alvarez nominated Ms. Pfotenhauer to be President in 2014. Ms. Pfotenhauer nominated Mr. Alvarez to be Secretary and Mr. Thomas to be Vice President in 2014. The vote being unanimous, Ms. Pfotenhauer was elected President, Mr. Thomas Vice - President, and Mr. Alvarez Secretary. 4. SET REGULAR MEETING TIMES FOR 2014 A. Resolution No. 188 approving a schedule of Regular Meeting Times for Calendar Year 2014. Mrs. Phipps led discussion of the preferred location for the meetings and of whether the Authority wished to schedule two meetings per month. The decision was made to again schedule the Regular Meetings for the 14`h floor Community Investment conference room on the I" and 3`d Wednesdays at 10:30 a.m. The Redevelopment Authority February 19, 2014 Meeting Minutes 4. SET REGULAR MEETING TIMES FOR 2014 A. Resolution No. 188 (continued) Upon a motion by Mr. Alvarez, seconded by Ms. Pfotenhauer and unanimously carried, the Authority approved Resolution No. 188 approving a schedule of Regular Meeting Times for Calendar Year 2014. 5. NEW BUSINESS A. Certification concerning insurance and tax liability (Eddy Street Commons Project) March explained that he verified with Ms. Penny Price of Administration & Finance that insurance on the Eddy Street Commons Parking Garage is current with Gibson Insurance. He also verified with Ms. Debrah Jennings that the taxes on that property are current. The insurance expires March 2, 2014. He asked Ms. Price to forward a copy of the binder to him when it is renewed and he will forward that to U.S. Bank as proof that it has been renewed. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Alvarez and unanimously carried, the Authority approved the Certification concerning insurance and tax liability (Eddy Street Commons Project) B. Certification concerning insurance and tax liability (2008 Century Center Bond) March explained that he verified with Ms. Penny Price of Administration & Finance that the Century Center is on the city's global policy. The building insurance is for approximately $32,000,000, and contents are insured at approximately $5,000,000. Mr. Alvarez asked whether those amounts are adequate to protect the investment. Mr. March responded that he believes they are. Upon a motion by Ms. Pfotenhauer, seconded by Mr. Alvarez and unanimously carried, the Authority approved the Certification concerning insurance and tax liability (2008 Century Center Bond) The Redevelopment Authority February 19, 2014 Meeting Minutes 6. ADJOURNMENT There being no further business to come before the Redevelopment Authority Mr. Alvarez made a motion that the meeting be adjourned. Ms. Pfotenhauer seconded and the meeting was adjourned at 11:13 a.m. Carolyn V. Pfotenha r, resident Broc Zeeb, Directo