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authorized by said Resolution No. 2017 and scheduled said hearing to occur at a special meeting <br />of the Commission at 10:00 a.m. on November 17, 2003; and <br />WHEREAS, the Secretary of this Commission has caused notice of a hearing on <br />said appropriation to be published as required by law; and <br />WHEREAS, such public hearing was held on November 17, 2003, at 10:00 a.m. <br />(local time) at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana, <br />concerning said appropriation at which all taxpayers and interested persons had an opportunity to <br />appear and express their views as to such additional appropriation; and <br />WHEREAS, there are insufficient funds available or provided in the existing <br />budget and tax levy which may be applied to the cost of the redevelopment and economic <br />development in the Area, including, without limitation, the Project, and the issuance of said <br />bonds has been authorized to procure the necessary funds and an extraordinary emergency and <br />necessity exists for the making of <br />the additional appropriation set out herein; and <br />WHEREAS, the Commission desires to appropriate the additional proceeds of the <br />Bonds authorized by Resolution No. 2017; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1. The Commission hereby ratifies its prior action to appropriate the <br />proceeds derived from the sale of the Bonds heretofore authorized to be issued in an aggregate <br />principal amount not to exceed Thirteen Million and 00 /100 Dollars ($13,000,000.00) and all <br />investment earnings thereon in the approximate amount of $200,000.00. The proceeds derived <br />from the sale of the increased amount of the Bonds authorized to be issued pursuant to <br />Resolution No. 2017 in the aggregate principal amount not exceed Three Million and 00 /100 <br />SBIMANI 165700v] - 3 - <br />