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No. 2021 confirmatory resolution for NNDA ratifying/confirming res. No. 2016, declaring NNDA be blighted,establishing an allocation area for purposes of TIF
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No. 2021 confirmatory resolution for NNDA ratifying/confirming res. No. 2016, declaring NNDA be blighted,establishing an allocation area for purposes of TIF
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10/18/2012 1:50:45 PM
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8/19/2011 2:22:06 PM
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(D) Pay the principal of and interest on bonds issued by <br />the City of South Bend to pay for local public <br />improvements in or serving the allocation area; <br />(E) Pay premiums on the redemption before maturity of <br />bonds payable solely or in part from allocated tax proceeds <br />in the allocation area; <br />(F) Make payments on leases payable from allocated <br />tax proceeds in the allocation area under Ind. Code § 36 -7- <br />14 -25.2; <br />(G) Reimburse the City of South Bend for expenditures <br />made by it for local public improvements which includes, <br />but is not limited to, buildings, parking facilities, and other <br />items described in Ind. Code § 36- 7- 14- 25.1(a) in or <br />serving the allocation area; <br />(H) Reimburse the City of South Bend for rentals paid <br />by it for a building or parking facility in or serving the <br />allocation area under any lease entered into under Ind. Code <br />§ 36 -1 -10; <br />(I) Pay a 11 o r a portion o f a p roperty t ax replacement <br />credit to taxpayers in an allocation area as determined by <br />the Commission by separate resolution; <br />(J) Pay expenses incurred by the Commission for local <br />public improvements that are in the allocation area or are <br />serving the allocation area (which includes buildings, <br />parking facilities or other <br />Page -8- <br />
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