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Dollars ($3,000,000.00) shall be, and are, hereby appropriated by the Commission for the <br />purpose of providing funds to be applied to the cost of the redevelopment and economic <br />development in the Area, including, without limitation, together with a sum sufficient to pay the <br />estimated cost of all expenses reasonably incurred in connection with the redevelopment and <br />economic development in the Area, including all reasonable and necessary architectural, <br />engineering, legal, financing, accounting, advertising, bond discount and supervisory expenses, <br />capitalized interest and a debt service reserve for the bonds to the extent that the Commission <br />determines that a reserve is reasonably required, together with expenses in connection with the <br />issuance of bonds not provided for in the existing budget and tax levy. <br />2. Such appropriation shall be in addition to all appropriations provided for <br />in the existing budget and levy and shall continue in effect until the completion of the activities <br />described in Paragraph No. 1 above. Any surplus of such proceeds (including investment <br />earnings thereon) shall be credited to the proper fund as provided by law. <br />3. The President and Secretary of the Commission shall be, and hereby are, <br />authorized and directed to certify a copy of this Resolution together with such other proceedings <br />and actions as may be necessary to the Department of Local Government Finance. <br />SB IMAN 1 165700v 1 <br />-4- <br />