Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Redevelopment Commission approves about $4.4 million in claims including HUD loan share and large US Steel invoice
Summary
The Gary Redevelopment Commission approved claims totaling roughly $4.4 million, including the city's $231,008.50 share of a HUD loan and a $3,094,052.64 invoice from US Steel; commissioners approved an amendment to the totals by roll call.
The Gary Redevelopment Commission on July 22 approved claims presented by staff that together totaled about $4.4 million, including the city's portion of a HUD loan and a large vendor invoice.
Finance staff (identified in the meeting as Miss Billingsley) told commissioners the city's portion of a HUD loan was $231,008.50 and that invoices from US Steel totaled $3,094,052.64. Billingsley also listed two TIF payments (County Market $336,915.93 and another TIF for $443,250), and additional vendor invoices, resulting in a presented claims total in the $4.4 million range. At one point staff and commissioners used slightly different totals; an amendment to correct the US Steel figure and the overall total was moved, seconded and approved.
Billingsley said, "our portion of the HUD loan was $231,008.50," and she confirmed the US Steel invoice amount as $3,094,052.64. After an amendment to the figures and a roll-call vote, commissioners recorded the motion to amend and the motion passed. Roll-call responses recorded commissioners Whittington, Boyle and Dunham and President Stallings voting yes on the amendment and on the subsequent motion to approve the claims.
The action was taken during the claims-approval portion of the Redevelopment Commission agenda. Staff said updated claim sheets reflecting the amendment would be circulated to commissioners.
