No. 1914 designating the SSDA declaring the SSDA to be blighted/ establishing an allocation area for purposes of TIF

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from Commission funds prior to the issuance of the bonds with bond proceeds, said expenditures to include legal, architectural, engineering, surveys, appraisals, and supervisory expenses related to the acquisition and redevelopment of property, the issuance of bonds and related costs; provided, however, that if future uses of property tax proceeds allocated to the allocation fund are authorized or permitted by amendment to the Act, including Ind. Code § 39- 7- 14 -39, after the effective date of this resolution, those uses shall also be authorized or permitted for property tax proceeds allocated hereby; and further provided that the allocation fund may not be used for operating expenses of the Commission. C. Inasmuch as a portion of the allocation area is located within an enterprise zone created under Ind. Code § 4- 4- 4 -6.1, the provisions of Ind. Code § 36- 7- 14 -39(g) shall apply to the use and allocation of proceeds in excess of those described in subsection B(1) of this Resolution. D. When the funds are no longer need for the purposes permitted in subsection B, above, moneys in the allocation fund in excess of that amount shall be paid to the respective taxing units in the manner prescribed in Ind. Code § 36- 7- 14- 39(b)(1). E. "Property taxes" and "property tax proceeds" as used in this resolution shall mean taxes imposed on real property under Ind. Code § 6 -1.1. F. This allocation provision shall expire no later than thirty (30) years after the date of this resolution. BE IT FURTHER RESOLVED that the Secretary is directed to file certified copies of this Resolution with the St. Joseph County Auditor and the Portage Township Assessor. BE IT FURTHER RESOLVED that the United States and HUD are assured of full compliance by the Commission and the Department with HUD regulations effecting Title VI of the Civil Rights Act of 1964, as amended. BE IT FURTHER RESOLVED that this Resolution, together with supporting data, shall be submitted to the Area Plan Commission of St. Joseph County and the Common Council of the City of South Bend, as provided by Ind. Code § 36- 7- 14 -16, for their approval fo the Resolution and Plan, and if approved by both parties, the Resolution and Plan shall be submitted to public hearing for the receiving and hearing of remonstrances and objections from persons interested in or affected by the proceedings as provided by Ind. Code § 36- 7- 14 -17, after public notice in accordance with Ind. Code § 36- 7 -14 -17 and Ind. Code § 5 -3 -1 and for the final determination of the public utility and benefit thereof. -7-