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SOUTH BEND REDEVELOPMENT AUTHORITY <br />• REGULAR MEETING <br />November 16, 1998 1308 County-City Building <br />1:30 p.m. 227 West Jefferson Boulevard <br />Presiding: Ms. Carolyn Pfotenhauer South Bend, IN 46601 <br />The November 16, 1998 Regular Meeting of the Redevelopment Authority was called to order at <br />1:37 p.m. by its President, Carolyn Pfotenhauer. There was a quorum present. <br />1. ROLL CALL <br />Members Present: Ms. Carolyn Pfotenhauer, President <br />Mr. Matthew Kahn, Vice-President <br />Mr. Jose Alvarez, Secretary <br />Redevelopment Staff: Mrs. Ann Kolata <br />Mrs. Jenny Hullinger, Recording Secretary <br />Mr. Owen Rock <br />Mrs. Michele Bush <br />Z. APPROVAL OF MINUTES <br />• Mr. Alvarez recommended that the first sentence in section 3a be rewritten to state: "Mrs. <br />Kolata stated that the Redevelopment staff recommends refinancing the Blackthorn Golf <br />Course bond". Mr. Alvarez also noted two misspellings. Upon a motion by Mr. Kahn, <br />seconded by Ms. Pfotenhauer and unanimously carried, the Authority approved the Minutes <br />of the Regular Meeting of October 19, 1998 with the recommended changes from Mr. <br />Alvarez. <br />3. New Business <br />a. Authority approval requested for Resolution No. 131 of the South Bend <br />Redevelopment Authority approving the Award of the South Bend <br />Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 <br />(Blackthorn Golf Course Project) and approving the execution of an Addendum <br />to the Lease between the Authority and the South Bend Redevelopment <br />Commission and other related matters. <br />Mr. Rompola reported that the bond sale occurred last week for the Blackthorn Golf <br />Course bond refinancing, with a cumulative savings of about $471,727, which has a <br />net present value of $340,000. The bonds were sold to City Securities Corporation <br />through a public sale. Three bids came in from Nat City, Prudential Securities and <br />• <br />H:\ W PDATA\AUTHORTY\ 111698. MIN <br />