HomeMy WebLinkAboutminutes 2016 0427 rdaSOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
April 27, 2016
10:30 a.m.
The meeting was called to order at 10 :35 a.m.
1. ROLL CALL
Members Present:
Redevelopment Staff:
Legal Counsel:
Other:
Absent:
E
3.
APPROVAL OF MINUTES
1308 County -City Building
227 West Jefferson Boulevard
South Bend, IN 46601
Richard Klee, President
Erin Hanig, Vice President
Dave Relos, Associate II
Mary Brazinsky, Recording Secretary
Benjamin Dougherty, Legal Department
John March, Associate I Community Investment
Anthony Fitts, Secretary- Treasurer
A. Approval of Minutes of the Regular Meeting of March 2, 2016
Upon a motion by Erin Hanig, Vice President, seconded by President Klee
the motion carried unanimously, the Authority approved the Minutes of the
Regular Meeting of March 2, 2016.
Mr. Dougherty commented that there is another group of insurance
certifications that we are working to resolve questions for. Those
certifications will be forth coming at a later date.
NEW BUSINESS
A. Certification Concerning Insurance (Morris Performing Arts Center
Project, Lease rental Revenue Refunding Bonds of 2009.)
Mr. March presented the Morris Performing Arts Center Project, Lease
rental Revenue Refunding Bonds of 2009. Mr. March contacted Ceil
Eastman, Senior Financial Specialist for the City of South Bend regarding
insurance coverage and he states the insurance coverage is a little over
100,000,000. Mr. Dougherty has reviewed the trust agreements and
deemed them to be accurate.
Upon a motion by Erin Hanig, Vice President, seconded by President Klee
South Bend Redevelopment Authority
Regular Meeting — April 27, 2016
Page 2
the motion carried unanimously, the Authority approved the Certification
Concerning Insurance (Morris Performing Arts Center Project, Lease
rental Revenue Refunding Bonds of 2009.)
B. Certification Concerning Insurance (Eddy Street Commons Project,
Lease Rental Revenue Refunding Bond of 2015)
Mr. March presented the Certification Concerning Insurance (Eddy Street
Commons Project, Lease Rental Revenue Refunding Bond of 2015). Mr.
March contacted Ceil Eastman, Senior Financial Specialist for the City of
South Bend regarding insurance coverage and he states the insurance
coverage is a little over 51,000,000. Mr. Dougherty has reviewed the
trust agreements and deemed them to be accurate.
Upon a motion by Erin Hanig, Vice President, seconded by President Klee
the motion carried unanimously, the Authority approved the Certification
Concerning Insurance (Eddy Street Commons Project, Lease Rental
Revenue Refunding Bond of 2015).
4. ADJOURNMENT
President Klee adjourned the meeting at 10:38 a.m.
Aaron Kobb
Economic Resources Team,
Community Investment
Erin Hanig, ice President
outh Ben edevelopment Authority