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. F. C~ ~J w SOUTH BEND REDEVELOPMENT AUTHORITY SPECIAL MEETING January 29, 1991 1200 County-City Building 11:00 a.m. 227 W. Jefferson Boulevard Presiding: Joseph Wroblewski South Bend, Indiana 46601 President The January 29, 19910, Special Authority was called to order Joseph Wroblewski. There was Meeting of the Redevelopment at 11:15 a.m. by its President, a quorum present. 1. ROLL CALL Members Present: Members Absent: ~, Legal Counsel: Redevelopment Staff: Media: Mr. Joseph Wroblewski, President Mr. Don Fewell, Secretary Mr. Andre Gammage, Vice-President Ms. Jenny Pitts Manier Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Mr. Thom Howell, U-93 2. APPROVAL OF MINUTES a. Approval of Minutes of the Special Meeting of Tuesday, January 15, 1991 Upon a motion by Mr. Fewell, seconded and unanimously carried, the Authority approved the Minutes of the Special Meeting of Tuesday, January 15, 1991. 3. NEW BUSINESS a. Authority approval requested for Resolution No. 32 reducing the annual rentals on the Lease for the Airport Economic Development Area Public Improvement Project, approving the execution of an Addendum to the Lease, ratifying the selection of a successful bidder and the terms of the bonds, and regarding other related matters. f Mrs. Kolata noted that the bond sale for the taxable and. tax exempt bond issues was held on January 22nd. Resolution No. 32 ratifies and approves the award of the taxable bonds to Nuveen and Company in the amount of $4,200,000 at a price equal to $4,116,000 and a net interest rate of 9.61610 and ratifies and approves the award of the tax exempt bonds to Merrill Lynch Company in the amount of $2,355,000 at a price equal to $1,307,997.25 with a net interest rate of 7.0486%. -1-