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WHEREAS, the expenditures incurred by the Commission proposed to be paid with property <br />tax proceeds deposited in the Allocation Fund are described on the attached Exhibit "A "; and <br />WHEREAS, the Commission desires to approve said payments from the Allocation Fund in <br />the total amount as described on Exhibit "A "; and <br />WHEREAS, the Commission has determined that such expenditure will not endanger the <br />interests of the holders of any obligations heretofore issued or incurred by the Commission and <br />payable from the Allocation Fund; and <br />WHEREAS, the proposed payment from the Allocation Fund as provided for herein is not <br />for the operating expenses of the Commission. <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, <br />governing body of the City of South Bend, Department of Redevelopment, as follows: <br />1. The Commission hereby approves the use of funds in the Allocation Fund in the amount <br />of Five Million Four Hundred Ten Thousand Six Hundred Twenty Three Dollars ($5,410,623) for <br />purposes of making the lease payments as described on Exhibit "A" and for paying the expenditures <br />as further described on Exhibit "A ". <br />2. The Secretary of the Commission is hereby authorized and directed to take all necessary <br />steps to obtain the approval of the expenditure of such funds pursuant to IC 6- 1.1 -18 -5, including <br />the publication in accordance with IC 5 -3 -1 of notice of a hearing on the ro ap p p nation of such funds <br />to be held at 10:00 a.m., on February 6, 2004, at 1308 County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana 46601. <br />ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on <br />January 16, 2004, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />i <br />' • bert w <br />ATTEST: <br />.s <br />