Laserfiche WebLink
a • <br />RESOLUTION NO. 2037 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION DETERMINING TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR <br />SERVING THE DOWNTOWN MEDICAL SERVICES DISTRICT <br />(DMSD ALLOCATION AREA) FROM THE <br />DOWNTOWN MEDICAL SERVICES DISTRICT SPECIAL FUND <br />(DMSD ALLOCATION FUND) <br />WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body <br />of the City of South Bend Department ofRedevelopment ( "Department "), on May 10, 1985, adopted <br />Resolution No. 737 declaring the South Bend Central Development Area to be a blighted area within <br />the meaning of IC 36 -7 -14 (the "Act "); and <br />WHEREAS, Resolution No. 737 and the South Bend Central Development Area <br />Development Plan were confirmed by Resolution No. 739 adopted on June 14, 1985; and <br />WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the <br />provisions of the Act; and <br />WHEREAS, Resolution No. 737 created the South Bend Central Allocation Area (South <br />Bend Allocation Area No. 1 A) and the South Bend Central Allocation Area (South Bend Allocation <br />fa� Area No. 1 A) Special Fund ( "Allocation Fund ") for purposes of paying into such fund property tax <br />proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described <br />in Section 39(b)(2) of the Act; and <br />WHEREAS, Resolution No. 1737 created the Downtown Medical Services District (DMSD <br />Allocation Area) and the Downtown Medical Services District Special Fund ( "DMSD Allocation <br />Fund ") for purposes of paying into such fund property tax proceeds in excess of those described in <br />Section 39(b)(1) of the Act for the purposes as described in Section 39(b)(2) of the Act; and <br />WHEREAS, the Commission desires to make lease payments for local public improvements <br />that are in or serving the DMSD Allocation Area with property tax proceeds deposited in the DMSD <br />Allocation Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(F) of the Act and <br />are subject to the provisions of IC 6- 1.1 -18 -5; and <br />WHEREAS, the lease payments incurred by the Commission proposed to be paid with <br />property tax proceeds deposited in the DMSD Allocation Fund are described on the attached Exhibit <br />"A" • and <br />G <br />