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Code § 36-7-14-39(b)(1) and from the proceeds from the sale or leasing of property in the Area <br />under Indiana Code § 36-7-14-22, all in accordance with Indiana Code § 36-7-14-26; and <br />WHEREAS, the Declaratory Resolution was further amended by the Resolution No. 2348 <br />and Resolution No. 2351, adopted on June 19, 2007 and July 20, 2007 respectively and said <br />resolution expanded the Area by adding and consolidating the SEDA into the Area (collectively <br />referred to hereafter as the "Area") and expanded Allocation Area No. 1 by adding and consolidating <br />the SEDA Allocation Area into Allocation Area No. 1 (collectively referred to hereafter as <br />"Allocation Area No. 1 "); and <br />WHEREAS, under the Declaratory Resolution, the funds and deposits of the SEDA <br />Allocation Funds have further been consolidated and deposited with Allocation Area No. 1 Fund <br />(collectively referred to hereafter as "Allocation Area No. 1 Fund"); and <br />WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for <br />local public improvements that are in or serving Allocation Area No. 1 from funds remaining in the <br />Allocation Area No. 1 Fund, in accordance Indiana Code § 36-7-14-39(b)(2) and certain other <br />expenditures incurred by the Commission in accordance with Indiana Code § 36-7-14-39(b)(2); and <br />WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission <br />proposed to be paid with funds from Allocation Area No. 1 Fund are described on the attached <br />Exhibit A; and <br />WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund are not for the <br />operating expenses of the Commission; and <br />WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1-18- <br />5; and <br />WHEREAS, on December 4, 2009, the Commission adopted Resolution 2618 setting a <br />public hearing on said appropriations for 10:00 a.m. on January 15, 2010 and authorizing the <br />Secretary of the Commission to duly publish notice of said hearing; and <br />WHEREAS, the Secretary of the Commission has caused notice of said hearing on said <br />appropriations to be published in accordance with law; and <br />WHEREAS, such public hearing was held at the Commission's meeting at 10:00 a.m. on <br />January 15, 2010, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601, at which all taxpayers and interested persons had an opportunity to appear and express their <br />views as to such additional appropriations; and <br />WHEREAS, the Commission now desires to approve said appropriations in a total amount <br />