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1992-08-07 Minutes
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1992-08-07 Minutes
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- `'~ <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />• SPECIAL MEETING. <br />August 7, 1992 1200 County-City Building <br />8.30 a.m. 227 W. Jefferson Boulevard <br />Presiding: Joseph Wroblewski South Bend, Indiana 46601 <br />President <br />The August 7, 1992, Special Meeting of the Redevelopment Authority <br />was called to order at 8:35 a.m. by its President, Joseph <br />Wroblewski. There was a quorum present. <br />1. ROLL CALL <br />Members Present: <br />Redevelopment Staff: <br />Legal Staff: <br />Media: <br />• Others Present: <br />2. APPROVAL OF MINUTES <br />3. <br />Mr. Joseph Wroblewski, President <br />Mr. Andre Gammage, Vice-President <br />Mr. Donald K. Fewell, Secretary <br />Mrs. Ann Kolata, Director <br />Mrs. Martha Lantz, Recording Secretary <br />Mr. Richard A. Nussbaum III <br />Mr. Don Porter, South Bend Tribune <br />Mr. Richard Hill, Baker & Daniels <br />Upon a motion by Mr. Fewell, seconded by Mr. Gammage and <br />unanimously carried, the Authority approved the minutes of the <br />Special Meeting of July 16, 1992. <br />NEW BUSINESS <br />a. Report on sale of Taxable Lease Rental Revenue Bonds <br />(Palais Royale). <br />Mrs. Kolata reported that on August 4 Don Fewell conducted <br />the sale for the bond issue. Five bids were received for <br />the Palais Royale bond. The best bid was from Robert W. <br />Baird & Co. at an interest rate of 7.0189. The highest <br />bid was 7.4069. Following verification of the bids, Mr. <br />Fewell awarded the bond to Robert W. Baird & Co. <br />b. Authority approval requested for Resolution No. 61 <br />reducing the annual rentals on the lease for the Palais <br />and the terms of the bonds and regarding other related <br />matters. <br />-1- <br />
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