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No. 2018 appropriating the addt'l proceeds (including investment earnings) of SB redevelopment district tax increment redevelopment commission, to be applied to cost of property acquisition, redevelopment and economic development in or serving the AEDA
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No. 2018 appropriating the addt'l proceeds (including investment earnings) of SB redevelopment district tax increment redevelopment commission, to be applied to cost of property acquisition, redevelopment and economic development in or serving the AEDA
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e <br />r� <br />RESOLUTION NO. 2018 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROPRIATING THE ADDITIONAL PROCEEDS <br />(INCLUDING INVESTMENT EARNINGS THEREON) OF THE <br />SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT <br />REVENUE BONDS, SERIES 2003, AUTHORIZED BY THE <br />REDEVELOPMENT COMMISSION, TO BE APPLIED TO THE COST <br />OF PROPERTY ACQUISITION, REDEVELOPMENT AND <br />ECONOMIC DEVELOPMENT IN OR SERVING THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), <br />on March 21, 2003, adopted its Resolution No. 1965 entitled "A BOND RESOLUTION OF THE <br />SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF <br />TAX INCREMENT <br />REVENUE <br />BONDS, <br />SERIES 2003, OF THE <br />SOUTH <br />BEND <br />REDEVELOPMENT <br />DISTRICT" <br />(the "Bond <br />Resolution "), the provisions <br />of which <br />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 -7- <br />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 />way property acquisition and engineering costs and improvements at the Bosch site (collectively, <br />SBIMANI 165700vI <br />
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