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S. <br />RESOLUTION NO. 2075 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROPRIATING THE PROCEEDS (INCLUDING <br />INVESTMENT EARNINGS THEREON) OF THE CITY OF SOUTH <br />BEND, INDIANA, REDEVELOPMENT DISTRICT ADJUSTABLE <br />RATE DEMAND TAX INCREMENT REVENUE BONDS TO BE <br />APPLIED TO THE COST OF LOCAL PUBLIC IMPROVEMENTS IN <br />OR SERVING ALLOCATION AREA NO.2 OF THE SOUTH SIDE <br />DEVELOPMENT AREA <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), <br />on July 27, 2004, adopted its Resolution No. 2074 entitled 'RESOLUTION OF THE SOUTH <br />BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF CITY OF <br />SOUTH BEND, INDIANA, REDEVELOPMENT DISTRICT ADJUSTABLE RATE <br />cv, DEMAND TAX INCREMENT REVENUE BONDS, SERIES 2004 (ERSKINE COMMONS <br />PROJECT) AND OTHER RELATED MATTERS" (the 'Bond Resolution "), the provisions of <br />which Bond Resolution are hereby included herein by this reference thereto, determined to issue <br />tax increment revenues bonds of the City of South Bend, Indiana, Redevelopment District (the <br />"District ")in the aggregate principal amount not to exceed Two Million Eight Hundred Thousand <br />Dollars ($2,800,000.00) payable from taxes on real property located in the Allocation Area No. 2 <br />of the South Side Development Area (the "Area ") and proceeds from the sale or leasing of <br />property in the Area, under Ind. Code § 36- 7 -14 -22 deposited in Allocation Fund No. 2 (the <br />"Allocation Fund ") as required by Ind. Code § 36- 7- 14 -26, together with such other revenues <br />that may be made available to the Commission or the Trustee (as defined the Bond Resolution) <br />for such purposes (collectively, the "Tax Increment ") in order to procure funds to pay for the cost <br />SBIMANI 1888380 <br />