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r T ' \ � <br /> necessary funds and an extraordinary emergency and necessity exist for the making of the <br /> additional appropriation set out herein. The proceeds of the Bonds(including investment earnings <br /> thereon)have not been included in any regular budget. Notice of a hearing on such appropriation <br /> has been published as required by I.C. 6-1.1-18-5 and such public hearing was held on such <br /> appropriation at which all taxpayers and interested persons had an opportunity to appear and <br /> express their views as to such additional appropriation. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF <br /> THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: <br /> SECTION 1. The proceeds derived from the sale of the Bonds heretofore <br /> authorized to be issued and designated as "City of South Bend, Indiana, County Economic <br /> Development Income Tax Revenue Bonds of 1997" in the aggregate principal amount of Eleven <br /> Million Nine Hundred Sixty Thousand and 00/100 Dollars ($11,960,000.00), and all investment <br /> earnings thereon, shall be and the same are hereby appropriated to provide financing for all or <br /> any portion of the Economic Development Project,together with expenses in connection with the <br /> issuance of the Bonds. This appropriation shall be in addition to all appropriations provided for <br /> in the existing budget and levy, and shall continue in effect until the City has made full payment <br /> for the costs of the Project, together with expenses in connection with the issuance of bonds to <br /> provide therefor. Any surplus of such proceeds shall be credited to the proper fund as required <br /> by law. <br /> SECTION 2. A certified copy of the additional appropriation made herein, <br /> together with such other proceedings and actions as may be necessary, shall be filed by the <br /> Controller of the City with the Indiana State Board of Tax Commissioners (the "Board") for the <br /> purpose of informing the Board of the additional appropriation made herein. <br /> SECTION 3. This Ordinance shall be in full force and effect from and upon <br /> compliance with the procedures required by law. <br /> ��✓��� <br /> Member, South Bend Common C cil <br /> l:\WPDOCSIRRROMPOL\STFffiEND�PARKGAR.96�ED1780ND.APP <br /> �St READ;r�c �/-/�/'-4.J <br /> PU3LIC HEARING �I LS� 9 ' <br /> 3 rd READI�G y-��,��7 -2 <br /> NOT ��p�pVED <br /> "eFERRED <br /> PASSfCI �_���C� ', <br />