No. 1942 determining to pay certain expenses incurred for local public improvements in/or serving the WWCAA (No. 7) from the WWCAA (No. 7) special fund

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RESOLUTION NO. 1942 IL RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE WEST WASHINGTON -CHAPIN ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 7) FROM THE WEST WASHINGTON -CHAPIN ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 7) SPECIAL FUND WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body of the City of South Bend Department of Redevelopment ( "Department "), on October 23, 1987, adopted Resolution No. 818 declaring the West Washington- Chapin Development Area to be a blighted area within the meaning of IC 36 -7 -14 (the "Act "); and WHEREAS, Resolution No. 818 and the West Washington- Chapin Development Area Development Plan were confirmed by Resolution No. 824 adopted on December 11, 1987; and WHEREAS, Resolution No. 818 has been amended from time to time pursuant to the provisions of the Act; and WHEREAS, Resolution No. 818 created the West Washington- Chapin Allocation Area IL (South Bend Allocation Area No. 7) and the West Washington- Chapin Allocation Area (South Bend Allocation Area No. 7) Special Fund ( "Allocation Fund ") for purposes of paying into such fund property tax proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described in Section 39(b)(2) of the Act; and WHEREAS, the Commission desires to pay expenses incurred by it for local public improvements that are in or serving the Allocation Area with property tax proceeds deposited in the Allocation Fund pursuant to the Act; and WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are subject to the provisions of IC 6- 1.1 -18 -5; and WHEREAS, the expenditures incurred by the Commission proposed to be paid with property tax proceeds deposited in the Allocation Fund are described on the attached Exhibit "A "; and WHEREAS, the Commission desires to approve said payments from the Allocation Fund in the total amount as described on Exhibit "A "; and WHEREAS, the proposed payment from the Allocation Fund as provided for herein is not for the operating expenses of the Commission.