HomeMy WebLinkAboutagenda item 2015 0507 rda 02aITEM: 2.A.
SOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
March 18, 2015 1308 County-City Building
10:30 a.m. 227 West Jefferson Boulevard
South Bend, IN 46601
The meeting was called to order at 10:35 a.m.
1. ROLL CALL
Members Present: Mr. Richard Klee, President
Mr. Anthony Fitts, Vice President
Members Absent: Ms. Erin Hanig, Secretary-Treasurer
Redevelopment Staff: Mr. Scott Ford, Executive Director
Mr. Dave Relos, Associate II
Ms. Tracy Oehler, Recording Secretary
Mr. John March, Associate I
Legal Counsel: Mr. Benjamin Dougherty, Legal Department
2. APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of February 18, 2015.
Upon a motion by Vice President Fitts, seconded by President Klee, the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the Minutes of the Regular Meeting of February 18, 2015.
3. NEW BUSINESS
Upon a motion by President Klee, seconded by Vice President Fitts the vote
carried 2-0 (Secretary-Treasurer Hanig absent), the Authority moved to hear
Agenda Items 3.A., 3.B., 3.C., 3.D., and 3.E. together.
Mr. March explained every year U.S. Bank requires insurance certification for
each bond held by the Authority and verification was provided by Ms. Penny
Price, Performance Improvement Manager of the Administration and Finance
department. Additionally, the Eddy Street Commons Project requires certification
concerning the insurance and tax liability and certification of the replacement cost.
Upon a motion by Vice President Fitts, seconded by President Klee the vote
carried 2-0 (Secretary-Treasurer Hanig absent), the Authority moved to
separately approve Agenda Items 3.A., 3.B., 3.C., 3.D., and 3.E.
South Bend Redevelopment Authority
Regular Meeting – March 18, 2015
Page 2
A. Certification Concerning Insurance (Century Center Project, Series
2011B Bonds)
Upon a motion by Vice President Fitts, seconded by President Klee the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the certification concerning insurance for the Century Center
Project, Series 2011B Bonds.
B. Certification Concerning Insurance (Century Center Project, Series
2013 Bonds)
Upon a motion by Vice President Fitts, seconded by President Klee the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the certification concerning insurance for the Century Center
Project, Series 2013 Bonds.
C. Certification Concerning Insurance (College Football Hall of Fame
Project Series 2011A Bonds)
Upon a motion by Vice President Fitts, seconded by President Klee the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the certification concerning insurance for the College Football
Hall of Fame Project Series 2011A Bonds.
D. Certification Concerning Insurance (Eddy Street Commons Project,
Bond of 2008)
Upon a motion by Vice President Fitts, seconded by President Klee the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the certification concerning insurance for the Eddy Street
Commons Project, Bond of 2008.
E. Certification of Replacement Cost of Property and Annual Officer’s
Certification (Eddy Street Commons Project, Bond 2008)
Upon a motion by Vice President Fitts, seconded by President Klee the
vote carried 2-0 (Secretary-Treasurer Hanig absent), the Authority
approved the certification of replacement cost of property and annual
officer’s certification for the Eddy Street Commons Project, Bond of 2008.
5. ADJOURNMENT
President Klee adjourned the meeting at 10:43 a.m.
South Bend Redevelopment Authority
Regular Meeting – March 18, 2015
Page 3
______________________________ ____________________________
Richard Klee, President Erin Hanig, Secretary-Treasurer
South Bend Redevelopment Authority South Bend Redevelopment Authority