Laserfiche WebLink
0 RESOLUTION NO. 2132 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION DETERMINING IT S INTENT TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR <br />SERVING THE SOUTH BEND CENTRAL ALLOCATION AREA <br />(SOUTH BEND ALLOCATION AREA NO. IA) FROM THE <br />SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND <br />ALLOCATION AREA NO. I A) SPECIAL FUND <br />WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body <br />of the City of South Bend Department of Redevelopment ( "Department "), on May 10, 1985, adopted <br />Resolution No. 737 declaring the South Bend Central Development Area to be a blighted area within <br />the meaning of IC 36 -7 -14 (the "Act "); and <br />WHEREAS, Resolution No. 737 and the South Bend Central Development Area <br />Development Plan were confirmed by Resolution No. 739 adopted on June 14, 1985; and <br />WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the <br />provisions of the Act; and <br />WHEREAS, Resolution No. 737 created the South Bend. Central Allocation Area (South <br />Bend Allocation Area No. 1 A) and the South Bend Central Allocation Area (South Bend Allocation <br />Area No. I A) Special Fund ( "Allocation Fund ") for purposes of paying into such fund property tax <br />proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described in <br />Section 39(b)(2) of the Act; and <br />WHEREAS, the Commission desires to make lease payments for local public improvements <br />that are in or serving the Allocation Area with property tax proceeds deposited in the Allocation <br />Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(F) of the Act and are <br />subject to the provisions of IC 6- 1.1 -18 -5; and <br />WHEREAS, the lease payments incurred by the Commission proposed to be paid with <br />property tax proceeds deposited in the Allocation Fund are described on the attached Exhibit "A "; <br />and <br />WHEREAS, the Commission also desires to pay expenses incurred by it for local public <br />improvements that are in or serving the Allocation Area with property tax proceeds deposited in the <br />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 />