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in the DMSD Allocation Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are <br />subject to the provisions of IC 6- 1.1 -18 -5; and <br />WHEREAS, the expenditures incurred by the Commission proposed to be paid with property <br />tax proceeds deposited in the DMSD Allocation Fund are described on the attached Exhibit "A "; and <br />WHEREAS, the Commission desires to approve said payments from the DMSD Allocation <br />Fund in the total amount as described on Exhibit "A "; and <br />WHEREAS, the Commission has determined that such expenditure will not endanger the <br />interests of the holders of any obligations heretofore issued or incurred by the Commission and <br />payable from the DMSD Allocation Fund; and <br />WHEREAS, the proposed payment from the Allocation Fund as provided for herein is not for <br />the operating expenses of the Commission. <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, <br />governing body of the City of South Bend, Department of Redevelopment, as follows: <br />1. The Commission hereby approves the use of funds in the DMSD Allocation Fund in the <br />amount of One Million Six Hundred Thousand Dollars ($1,600,000) for purposes of making the <br />lease payments as described on Exhibit "A" and for paying the expenditures as further described on <br />Exhibit "A ". <br />2. The Secretary of the Commission is hereby authorized and directed to take all <br />necessary steps to obtain the approval of the expenditure of such funds pursuant to IC 6- 1.1 -18 -5, <br />including the publication in accordance with IC 5 -3 -1 of notice of a hearing on the appropriation <br />of such funds to be held at 10:00 a.m., January 20, 2006, at 1308 County -City Building, 227 <br />West Jefferson Boulevard, South Bend, Indiana 46601. <br />ADOPTED at a special meeting of the South Bend Redevelopment Commission held on <br />January 3, 2006, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601. <br />SOUTH BEND RED1 EVELO ENT COMMISSION <br />Bye /C J <br />Marcia I. Jones, ident <br />ATTEST: <br />isGregoors. Down ecretary <br />