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"r <br />• <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />REGULAR MEETING <br />July 12, 1999 1308 County-City Building <br />1:30 p.m. 227 West Jefferson Boulevard <br />Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601 <br />The July 12, 1999 Regular Meeting of the Redevelopment Authority was called to order at <br />1:35 p.m. by its President, Carolyn Pfotenhauer. There was a quorum present. <br />1. ROLL CALL <br />Members Present: Ms. Carolyn V. Pfotenhauer, President <br />Mr. Matthew Kahn, Vice-President <br />Mr. Jose Alvarez, Secretary <br />Redevelopment Staff: Mrs. Ann E. Kolata, Director <br />Mrs. Jenny Hullinger, Recording Secretary <br />Mr. Brian Steinke, Attorney <br />Others: Ms. Anne Bruneel, Baker & Daniels <br />• <br />2. APPROVAL OF MINUTES <br />Upon a motion by Matthew Kahn, seconded by Jose Alvarez and unanimously carried, <br />the Authority approved the Minutes of the Regular Meeting of May 3, 1999. <br />3. New Business <br />a. Authority approval requested for Resolution No.133 approving a modification <br />to and reducing the Annual Rentals on the Lease for the Downtown Property <br />Acquisition Project and approving the execution of an Addendum to the Lease <br />and other related matters. <br />Mrs. Kolata stated Resolution No.133 is related to the Section 108 financing that <br />was entered into earlier this year by the Authority. Since the notes have been sold <br />and the actual interest rates are known, the repayment schedule has been modified <br />to reflect the actual numbers rather than the estimated numbers. Mrs. Kolata said <br />that the Addendum changes the payment schedule to reflect the actual schedule of <br />repayment. Mrs. Kolata stated the Escrow Agreement also has exhibits A, B and C. <br />Ms. Pfotenhauer asked what the change in the dollar amount was. Ms. Anne <br />• H:\WPDATA\AUTHORTY\071299.MIN <br />