6A(1)&(2) Public Hearing on Resolution No. 2702

Home Browse Search

WHEREAS, the proposed appropriations from Allocation Fund are not for the operating expenses of the Commission; and 5; and WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1-18- WHEREAS, the amount of funds in the Allocation Fund proposed to be expended for said additional expenses incurred by the Commission is Two Million Two Hundred Fifty Two Thousand and 00/100 Dollars ($2,252,000.00); and WHEREAS, on January 15, 2010, the Commission adopted Resolution 2622 appropriating Three Million Three Hundred Thousand Sixty Three and no/100 Dollars ($3,363,000); and WHEREAS, on June 18, 2010, the Commission adopted Resolution 2701 setting a public hearing on said additional appropriations for 10:00 a.m. on July 9, 2010 and authorizing the Secretary of the commission to duly publish notice of said hearing; and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 10:00 a.m. on July 9, 2010, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriations; and WHEREAS, the Commission now desires to approve said additional appropriations in a total amount of Two Million Two Hundred Fifty Two Thousand and 00/100 Dollars ($2,252,000.00); 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 such expenses and the expenditure of such amount from Allocation Fund. 2. The funds from Allocation Fund in the amount of Two Million Two Hundred Fifty Two Thousand and 00/100 Dollars ($2,252,000.00) are hereby appropriated for the purpose of paying the additional expenditures described at Exhibit A. 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 by law. 4. The President and/or the Secretary of the Commission are hereby authorized and