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WHEREAS, the Commission also desires to pay expenses incurred by it for local public <br />improvements that are in or serving the DMSD Allocation Area with property tax proceeds deposited <br />in the DMSD Allocation Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are <br />subject to the provisions of IC 6- 1.1 -18 -5; and <br />WHEREAS, the expenditures incurred by the Commission proposed to be paid with property <br />tax proceeds deposited in the DMSD Allocation Fund are described on the attached Exhibit "A "; and <br />WHEREAS, the Commission desires to approve said payments from the DMSD Allocation <br />Fund in the total amount as described on Exhibit "A "; and <br />WHEREAS, the Commission has determined that such expenditure will not endanger the <br />interests of the holders of any obligations heretofore issued or incurred by the Commission and <br />payable from the DMSD Allocation Fund; and <br />WHEREAS, the proposed payment from the Allocation Fund as provided for herein is not <br />for the operating expenses of the Commission. <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, <br />governing body of the City of South Bend, Department of Redevelopment, as follows: <br />IL1. The Commission hereby approves the use of funds in the DMSD Allocation Fund in the <br />amount of Thirteen Thousand One Hundred Twenty One Dollars ($13,121) for purposes of making <br />the lease payments as described on Exhibit "A" and for paying the expenditures as further described <br />on Exhibit "A ". <br />2. The Secretary of the Commission is hereby authorized and directed to take all necessary <br />steps to obtain the approval of the expenditure of such funds pursuant to IC 6- 1.1 -18 -5, including <br />the publication in accordance with IC 5 -3 -1 of notice of a hearing on the appropriation of such funds <br />to be held at 10:00 a.m., on February 7, 2003, at 1308 County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana 46601. <br />ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on <br />February 7, 2003, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601. <br />SOUTH BEND REDEVELOPM C OMJ%MISSION <br />By:- <br />Robert W. Hunt, President <br />ATTEST: <br />IL, 4qx�N� <br />a -Glf-94< 4 <br />au <br />