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Code § 36- 7- 14- 39(b)(1) and from the proceeds from the sale or leasing of property in the Area <br />under Indiana Code § 36- 7- 14-22, all in accordance with Indiana Code § 36- 7- 14-26; and <br />WHEREAS, the Declaratory Resolution was further amended by the Resolution No. 2348 <br />and Resolution No. 2351, adopted on June 19, 2007 and July 20, 2007 respectively and said <br />resolution expanded the Area by adding and consolidating the SEDA into the Area (collectively <br />referred to hereafter as the "Area ") and expanded Allocation Area No. 1 by adding and consolidating <br />the SEDA Allocation Area into Allocation Area No. 1 (collectively referred to hereafter as <br />"Allocation Area No. V); and <br />WHEREAS, under the Declaratory Resolution, the funds and deposits of the SEDA <br />Allocation Funds have further been consolidated and deposited with Allocation Area No. 1 Fund <br />(collectively referred to hereafter as "Allocation Area No. 1 Fund "); and <br />WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for <br />local public improvements that are in or serving Allocation Area No. 1 from funds remaining in the <br />Allocation Area No. 1 Fund, in accordance Indiana Code § 36- 7- 14- 39(b)(2) and certain other <br />expenditures incurred by the Commission in accordance with Indiana Code § 36- 7- 14- 39(b)(2); and <br />WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission <br />proposed to be paid with funds from Allocation Area No. 1 Fund are described on the attached <br />Exhibit A; and <br />WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund are not for the <br />operating expenses of the Commission; and <br />WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6- 1.1 -18— <br />5; and <br />WHEREAS, on August 23, 2011, the Commission adopted Resolution 2935 setting a public <br />hearing on said appropriations for 4:00 p.m. on September 13, 2011 and authorizing the Secretary of <br />the Commission to duly publish notice of said hearing; and <br />WHEREAS, the Secretary of the Commission has caused notice of said hearing on said <br />appropriations to be published in accordance with law; and <br />WHEREAS, such public hearing was held at the Commission's meeting at 4:00 p.m. on <br />September 13, 2011, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and <br />express their views as to such additional appropriations; and <br />WHEREAS, the Commission now desires to approve said appropriations in a total amount <br />