Laserfiche WebLink
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. The Commission authorizes and directs that all funds on deposit in the Allocation <br />Area No. 3 Fund or when received for said fund be transferred to the Principal and Interest Account. <br />2. The Commission desires to approve the use of the funds in Allocation Area No. 3 <br />Fund and /or the Principal and Interest Account in an amount estimated not to exceed Four Hundred <br />and Fifty Thousand and 00 /100 ($450,000.00) for the debt service payments on the EDC Bonds, in <br />accordance with the Pledge Resolution and Indiana Code § 36- 7- 14- 39(b)(2)(A), which amount is <br />not expected to exceed the amount owed on the Bonds and required to be deposited with the Trustee <br />under the Pledge Resolution and the Indenture. <br />3. The Secretary of the Commission is hereby authorized and directed to take all <br />necessary steps to obtain the approval of the expenditures of such funds pursuant to Indiana Code § <br />6- 1.1 -18 -5, including the publication in accordance with Indiana Code § 5 -3 -1 of notice of a <br />hearing on the appropriation of such funds to be held at 10:00 a.m. on January 20, 2006, at 1308 <br />County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. <br />ADOPTED at a meeting of the South Bend Redevelopment Commission held on January <br />3 2006 at 1308 County -City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT <br />COMMISSION <br />Signature v <br />ATTEST: <br />S' nature <br />re o y S. Downes, SPCrPt� <br />Printe ame and Title <br />Marcia T. Tones, Presiri_Pnt <br />Printed Name and Title <br />C:IDocuments and SettingslCPHIPPS.0001ocal Settings l Temp lG WViewerlResolution Authorizing Public Hearing on Additional Appropriation <br />(South Side Development Area Allocation Area No. 3).doc <br />