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iWHEREAS, the Commission now desires to approve additional appropriations in a total <br />amount estimated not to exceed Three Million and 00 /100 Dollars ($3,000,000.00); <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. The Commission hereby finds that there are insufficient funds available or provided <br />for in the existing budget and tax levy which may be applied to debt service payments on the Bonds <br />and ancillary costs, in accordance with the Pledge Resolution and Indiana Code § 36-7-14 - <br />39(b)(2)(A). <br />2. The Commission hereby appropriates that all funds in Allocation Area No. 2 Fund <br />and /or the Principal and Interest Account for the debt service payments on the Bonds and ancillary <br />costs, in accordance with the Pledge Resolution and Indiana Code § 36- 7- 14- 39(b)(2)(A), which <br />amount is not expected to exceed the amount owed on the Bonds and required to be deposited with <br />the Trustee under the Pledge Resolution and the District Bond Indenture or the EDC Bond Indenture <br />and which amount is not anticipated to exceed Five Million Five Hundred Thousand and 00 /100 <br />Dollars ($5,500,000.00) this year. <br />3. Such appropriations shall be in addition to all the appropriations provided for in the <br />existing budget and levy and shall continue in effect until the completion of the activities described <br />herein. Any surplus of such proceeds shall be credited to the proper fund as provided by law. <br />4. The President and /or the Secretary of the Commission are hereby authorized and <br />directed to certify a copy of this Resolution together with such other proceedings and actions as may <br />be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local <br />Government Finance for the purpose of obtaining its approval of the appropriations herein made. <br />ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on June <br />18, 2010 at 1308 County -City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT <br />COMMISSION <br />Signature <br />Marcia I. Jones, President <br />ATTEST' Printed Name and Title <br />David A. Varner, Vice President <br />Printed Name and Title <br />• <br />