HomeMy WebLinkAboutminutes 2016 0106 rdaSOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
January 6, 2016
10:30 a.m.
The meeting was called to order at 10:50 a.m.
1. ROLL CALL
Members Present:
Members Absent:
Redevelopment Staff:
Legal Counsel:
2.
3.
4.
ELECTION OF OFFICERS
1308 County -City Building
227 West Jefferson Boulevard
South Bend, IN 46601
Richard Klee, President
Anthony Fitts, Vice President
Erin Hanig, Secretary- Treasurer
Dave Relos, Associate II
Tracy Oehler, Recording Secretary
Benjamin Dougherty, Legal Department
Mr. Fitts nominated Mr. Klee as President, Ms. Hanig as Vice President, and
himself as Secretary- Treasurer, seconded by Mr. Klee the motion carried 2 -0
(Ms. Hanig absent), the Authority approved the following slate of officers for
2016.
Richard Klee, President
Erin Hanig, Vice President
Anthony Fitts, Secretary- Treasurer
APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of November 18, 2015
Upon a motion by Secretary- Treasurer Fitts, seconded by President Klee
the motion carried 2 -0 (Vice President Hanig absent), the Authority
approved the Minutes of the Regular Meeting of November 18, 2015.
NEW BUSINESS
A. Approval of Resolution No. 198 Setting a Schedule of Regular
Meeting Times for Calendar Year 2016
Upon a motion by Secretary- Treasurer Fitts, seconded by President Klee
the motion carried 2 -0 (Vice President Hanig absent), the Authority
approved Resolution No. 198 setting a schedule of regular meeting times
for calendar year 2016.
South Bend Redevelopment Authority
Regular Meeting — January 6, 2016
Page 2
B. Approval of the Certificate of Authorized Signers and Request to
Release the 1988 and 1992 Refunding Wayne Street bonds
Mr. Relos stated in 1998, the Redevelopment Authority issued bonds for
the construction of the parking garage at St. Joseph and Wayne Streets.
In 1992, the bonds were refunded and reissued. Both times, the bond's
bank recorded a Trust Agreement for each issuance and in 1992,
recorded an Irrevocable Escrow Deposit Agreement.
The bonds were paid off years ago, but the three recorded agreements
were not released. Wells Fargo, the subsequent owner of the issuing
banks, has requested the Authority authorize a member to sign a letter
requesting release of the agreements. The Certificate of Authorized
Signers will name and authorize a member of the Authority to sign the
letter, requesting release of the two Trust and one Escrow Agreements.
Upon a motion by Secretary- Treasurer Fitts, seconded by President Klee
the motion carried 2 -0 (Vice President Hanig absent), the Authority
approved the Certificate of Authorized Signers and Request to Release
the 1988 and 1992 Refunding Wayne Street Bonds.
5. ADJOURNMENT
President Klee adjourned the meeting at 10:56 a.m.
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Richard Klee, Presid nt
South Bend Redevelopment Authority
A ony Fitts, S cretary
South Bend Redevelopment Authority