6.A7 Resolution No. 2625 - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Commission hereby finds that there are insufficient funds available or provided for in the existing budget and tax levy which may be applied to debt service payments on the Bonds, in accordance with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A). 2. The Commission hereby appropriates that all funds in Allocation Area No. 2 Fund and/or the Principal and Interest Account for the debt service payments on the Bonds, in accordance with the Pledge Resolution and Indiana Code § 36-7-14'-39(b)(2)(A), which amount is not expected to exceed the amount owed on the Bonds and required to be deposited with the Trustee under the Pledge Resolution and the District Bond Indenture or the EDC Bond Indenture and which amount is not anticipated to exceed Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00) this year. 3. Such appropriations shall be in addition to all the appropriations provided for in the existing budget and levy and shall continue in effect until the completion of the activities described herein. Any surplus of such proceeds shall be credited to the proper fund as provided bylaw. 4. The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on January 15, 2010 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: Signature Signature Printed Name and Title Printed Name and Title