No. 1112 supplemental appropriation resolution of the COSBRC

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RESOLUTION NO. 1112 SUPPLEMENTAL APPROPRIATION RESOLUTION OF TIME CITY OF SOUTH BEND REDEVELOPMENT COMMISSION WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has heretofore on November 6, 1992, adopted Resolution No. 1111, the provisions of which Resolution are hereby included herein by this reference thereto, determining to pay expenses incurred by the Commission for local public improvements that are in or serving the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) (the "Allocation Area ") with lease rental revenues generated from lease of property in or serving Allocation Area that have been paid into the South Bend Central Allocation Area (South Bend Allocation Area No. lA) Special Fund (the "Allocation Fund ") pursuant to IC 36- 7- 14 -26, such payment being authorized by IC 36- 7- 14- 39(b)(2)(J); and WHEREAS, the amount of funds in the Allocation Fund proposed to be expended for said expenses incurred by the Commission is Eighteen Thousand Two Hundred Dollars ($1.8,200.00); and WHEREAS, the Commission did not include said funds in any regular budget for the year 1992; and WHEREAS, there are insufficient funds available or provided for in the existing budget and tax levy which may be applied to such expenses and the expenditure of such amount from the Allocation Fund has been authorized by the Commission to procure the necessary funds to meet the expenses incurred by the Commission for local public improvements in or serving the Allocation Area and a necessity exists for the making of the additional appropriation set out herein; and WHEREAS, the secretary of the Commission has caused notice of a hearing on said appropriation to be published as required by law; and WHEREAS, such public hearing was held on November 20, 1992, at 10:00 a.m., E.S.T., at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, on said appropriation at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriation. NOW, THEREFORE, BE IT RESOLVED by the Commission that: 1. Funds from the Allocation Fund in the amount of Eighteen Thousand Two Hundred Dollars ($18,200.00) be, and they are hereby, appropriated by the Commission for the purpose of providing funds to pay the expenses incurred by the Commission for local public improvements that are in or serving the Allocation Area as more fully described in Exhibit "A" hereto. 2. Such appropriation shall be in addition to all appropriations provided for in the existing budget and levy and shall continue in effect until the completion of the activities described in Section 1