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RESOLUTION NO. 1568 <br />SUPPLEMENTAL APPROPRIATION RESOLUTION <br />OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION <br />(SOUTH BEND CENTRAL DEVELOPMENT AREA) <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has <br />heretofore on January 2, 1998, adopted Resolution No. 1565, the provisions of which Resolution <br />are hereby included herein by this reference thereto, determining its intent to pay expenses <br />incurred by the Commission for local public improvements that are in or serving the South Bend <br />Central Allocation Area (South Bend Allocation Area No. 1A) (the "Allocation Area ") with <br />property tax proceeds that have been paid into the South Bend Central Allocation Area (South <br />Bend Allocation Area No. IA) Special Fund (the "Allocation Fund ") pursuant to IC <br />36- 7- 14- 39(b)(2)(J); and <br />WHEREAS, the amount of funds in the Allocation Fund proposed to be expended for said <br />expenses incurred by the Commission is Four Hundred Fifty Thousand Dollars ($450,000.00); <br />ARK <br />and <br />WHEREAS, the Commission did not include said funds in any regular budget for the year <br />1998; and <br />WHEREAS, there are insufficient funds available or provided for in the existing budget <br />and tax levy which may be applied to such expenses and the expenditure of such amount from the <br />Allocation Fund has been authorized by the Commission to procure the necessary funds and an <br />extraordinary emergency and necessity exists for the making of the additional appropriation set <br />out herein; and <br />WHEREAS, the Secretary of the Commission has caused notice of a hearing on said <br />appropriation to be published as required by law; and <br />WHEREAS, such public hearing was held on January 23, 1998, at 8:00 a.m., E.S.T., at <br />1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, on said <br />appropriation at which all taxpayers and interested persons had an opportunity to appear and <br />express their views as to such additional appropriation. <br />NOW, THEREFORE, BE IT RESOLVED by the Commission that: <br />1. Funds from the Allocation Fund in the amount of FourHundred Fifty Thousand Dollars <br />($450,000.00) be, and they are hereby, appropriated by the Commission for the purpose of <br />providing funds to pay expenses incurred by the Commission for local public improvements that <br />are in or serving the Allocation Area as more fully described in Exhibit "A" hereto. <br />2. Such appropriation shall be in addition to all appropriations provided for in the existing <br />budget and levy and shall continue in effect until the completion of the activities described in <br />Section 1 above. Any surplus of such proceeds shall be credited to the proper fund as provided <br />by law. <br />3. The President and Secretary of the Commission be and they are hereby authorized and <br />directed to certify a copy of this Resolution together with such other proceedings and actions as <br />may be necessary to the St. Joseph County Auditor for certification to the Indiana State Board of <br />Tax Commissioners for the purpose of obtaining the approval of said Board of the additional <br />appropriation herein made. <br />