No. 2037 determining to pay certain expenses incurred for local public improvements in or serving the DMSD allocation area from the DMSD special fund

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WHEREAS, the Commission also desires to pay expenses incurred by it for local public improvements that are in or serving the DMSD Allocation Area with property tax proceeds deposited in the DMSD Allocation Fund pursuant to the Act; and WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are subject to the provisions of IC 6- 1.1 -18 -5; and WHEREAS, the expenditures incurred by the Commission proposed to be paid with property tax proceeds deposited in the DMSD Allocation Fund are described on the attached Exhibit "A "; and WHEREAS, the Commission desires to approve said payments from the DMSD Allocation Fund in the total amount as described on Exhibit "A "; and WHEREAS, the Commission has determined that such expenditure will not endanger the interests of the holders of any obligations heretofore issued or incurred by the Commission and payable from the DMSD Allocation Fund; and WHEREAS, the proposed payment from the Allocation Fund as provided for herein is not for the operating expenses of the Commission. NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, governing body of the City of South Bend, Department of Redevelopment, as follows: co1. The Commission hereby approves the use of funds in the DMSD Allocation Fund in the amount of Five Hundred Thirty Three Thousand Two Hundred Thirty Two Dollars ($533,232) for purposes of making the lease payments as described on Exhibit "A" and for paying the expenditures as further described on Exhibit "A ". 2. The Secretary of the Commission is hereby authorized and directed to take all necessary steps to obtain the approval of the expenditure of such funds pursuant to IC 6- 1.1 -18 -5, including the publication in accordance with IC 5 -3 -1 of notice of a hearing on the appropriation of such funds to be held at 10:00 a.m., on February 6, 2004, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on January 16, 2004, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPM T COMMISSION By: Robert W. Hunt, President ATTEST: Secretary