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C, RESOLUTION NO. 1966 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROPRIATING THE PROCEEDS (INCLUDING <br />INVESTMENT EARNINGS THEREON) OF THE SOUTH BEND <br />REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE <br />BONDS, SERIES 2003, TO BE APPLIED TO THE COST OF <br />PROPERTY ACQUISITION, REDEVELOPMENT AND ECONOMIC <br />DEVELOPMENT IN OR SERVING THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), <br />on March 21, 2003, adopted its Resolution No. J entitled "A BOND RESOLUTION OF <br />THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE <br />IL OF TAX INCREMENT REVENUE <br />BONDS, SERIES 2003, <br />OF THE <br />SOUTH BEND <br />REDEVELOPMENT DISTRICT (the <br />Bond Resolution"), the <br />provisions <br />of which Bond <br />Resolution are hereby included herein by this reference thereto, determined to issue special <br />taxing district bonds of the South Bend Redevelopment District (the "District ") payable from <br />taxes on real property located in the Airport Economic Development Area (the "Area ") and <br />proceeds from the sale or leasing of property in the Area, under IC 36- 7 -14 -22 deposited in the <br />Airport Economic Development Allocation Fund (the "Allocation Fund ") as required by IC 36- <br />7 -14 -26 (the "Tax Increment "), for the purpose of procuring funds to pay for the cost of <br />redevelopment and economic development in the Area including without limitation road <br />improvements to Cleveland Road (from Mayflower to Ralph Jones Drive), Olive Road/Nimtz <br />Parkway, Bendix Drive/Lincolnway intersection, Bendix Drive Relocation and related right of <br />ILway property acquisition and engineering costs and improvements at the Bosch site (collectively, <br />-1- <br />SBIMAN 1 147402v 1 <br />