No. 1904 authorizing the issuance of bonds of the SB Redevelopment District for the purpose of raising money for Redevelopment and Economic Development in the SEDA (TJX)

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shall be allocated to the Redevelopment District and, when collected, paid into the Allocation Fund, and may be used by the Commission only to do one or more of the following: (a) pay the principal of and interest on any obligations payable solely from allocated tax proceeds which are incurred by the Redevelopment District for the purpose of financing or refinancing the redevelopment of the Area; (b) establish, augment, or restore the debt service reserve for bonds payable solely or in part from allocated tax proceeds in the Area; (c) pay the principal of and interest on bonds payable from allocated tax proceeds in the Area and from the special tax levied under Section 27 of the Act; (d) pay the principal of and interest on bonds issued by the City to pay for local public improvements in or serving the Area; (e) pay premiums on the redemption before maturity of bonds payable solely or in part from allocated tax proceeds in the Area; (f) make payments on leases payable from allocated tax proceeds in the Area under Section 25.2 of the Act; (g) reimburse the City for expenditures made by it for local public improvements (which include buildings, parking facilities, and other items described in Section 25.1(a) of the Act) in or serving the Area; (h) reimburse the City for rentals paid by it for a building or parking facility in or serving the Area under any lease entered into under Indiana Code 36 -1- 10; (i) pay all or a portion of a property tax replacement credit to taxpayers in the Area as determined by the Commission, pursuant to Section 39 of the Act; (j) pay expenses incurred by the Commission for local public improvements that are in the Area or serving the Area. Public improvements include buildings, parking facilities, and other items described in Section 25.1(a) of the Act; or (k) reimburse public and private entities for expenses incurred in training employees of industrial facilities that qualify under the Act; provided however, that if further uses of property tax proceeds allocated to the Allocation Fund are authorized or permitted by amendment to the Act, including Indiana Code 36- 7- 14 -39, those uses shall also be authorized or permitted for property tax proceeds allocated to the Allocation Fund; and -2- SBIMAN 1 130621 v 1