Laserfiche WebLink
RESOLUTION NO. 2004 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AMENDING RESOLUTION NO. 1965 ENTITLED "A <br />BOND RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AUTHORIZING THE ISSUANCE OF TAX INCREMENT <br />REVENUE BONDS, SERIES 2003, OF THE SOUTH BEND <br />REDEVELOPMENT DISTRICT" <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), <br />the governing body of the South Bend Department of Redevelopment (the "Department ") and the <br />South Bend Redevelopment District (the 'Redevelopment District "), exists and operates under <br />Indiana Code 36 -7 -14, as amended from time to time (the "Act "); and <br />WHEREAS, the Commission has previously designated and declared an area in <br />the City of South Bend, Indiana (the "City ") known as the Airport Economic Development Area <br />to be an economic development area and an allocation area (the "Area ") for purposes of tax <br />increment financing and established an allocation fund for said Area (the "Allocation Fund "); <br />IL and <br />WHEREAS, the Commission has previously adopted Resolution No. 1965 <br />entitled " A Bond Resolution of the South Bend Redevelopment Commission Authorizing the <br />Issuance of Tax Increment Revenue Bonds, Series 2003, of the South Bend Redevelopment <br />District" (the "Bond Resolution ") which Bond Resolution authorized the issuance of bonds of the <br />Redevelopment District (the "Bonds "); and <br />WHEREAS, the Commission desires to make certain amendments to the Bond <br />Resolution; <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment <br />Commission as follows: <br />Section 1. Section 1 of the Bond Resolution is hereby amended to read as <br />follows: <br />SECTION 1. For the purpose of procuring funds to pay for the <br />cost of redevelopment and economic development in the Area, together with a <br />sum sufficient to pay the estimated cost of all expenses reasonably incurred in <br />connection with the redevelopment and economic development of the Area, <br />including the total cost of all reasonable and necessary architectural, engineering, <br />legal, financing, accounting, advertising, bond discount and supervisory expenses, <br />capitalized interest and a debt service reserve for the Bonds as set forth herein, <br />together with the expenses in connection with or on account of the issuance of the <br />SBIMANI 158875v2 <br />