No. 1539 determining to pay certain expenses incurred for local public improvements in or serving the SBCDA from fund 433 the redevelopment general fund

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RESOLUTION NO. 1539 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE SOUTH BEND CENTRAL DEVELOPMENT AREA FROM FUND 433, THE REDEVELOPMENT GENERAL FUND WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body of the City of South Bend Department of Redevelopment ( "Department "), did on May 10, 1985, adopt Resolution No. 737 declaring the South Bend Central Development Area to be a blighted area within the meaning of IC 36 -7 -14 (the "Act "); and WHEREAS, Resolution No. 737 and the South Bend Central Development Area Plan were confirmed by Resolution No. 739 adopted on June 14, 1985; and WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the provisions of the Act; and WHEREAS, the Commission desires to pay expenses incurred by it for local public improvements that are in or serving the South Bend Central Development Area with funds deposited in Fund 433, the Redevelopment General Fund; and co WHEREAS, the Commission also desires to use some of the funds to pay debt service on outstanding Studebaker Corridor bonds; and WHEREAS, the expenditures incurred by the Commission proposed to be paid from Fund 433, the Redevelopment General Fund are described on the attached Exhibit "A "; and WHEREAS, the Commission desires to approve said payments from the Redevelopment General Fund in the total amount as described on Exhibit "A "; and WHEREAS, the proposed payment from the Redevelopment General 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: 1. The Commission hereby approves the use of funds in the Redevelopment General Fund in the amount of One Hundred Six Thousand Four Hundred Dollars ($106,400.00) for purposes of paying the expenditures as described on Exhibit "A ". 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 Friday, October 17, 1997 at Room 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 September 19, 1997, at Room 1308, County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH DEVELOP NT COMMISSION By: Robert W. Hunt, President AT ST: Paula N. Auburn, Secretary ML:resl539