No. 1159 determining to pay certain expenses incurred for local public improvements in or serving the SEDA allocation area (No. 8) from the SEDA allocation area (No. 8) special fund

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RESOLUTION NO. 1159 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC RAPROVEIV M IN OR SERVING THE SAMPLE - EWING ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 8) FROM THE SAMPLE -SWING ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 8) SPECIAL FUND WAS, the South Bend Redevelopment Commission ( "Commission "), governing body of the City of South Bend Department of Redevelopment ( "Department "), on April 16, 1993, adopted Resolution No. 1151 declaring the Sample -Ewing Development Area to be a blighted area within the meaning of IC 36 -7 -14 (the "Act "); and WHEREAS, Resolution No. 1151 and the Sample -Ewing Development Area Plan were confirmed by Resolution No. 1154 adopted on May 21, 1993; and WIMREAS, Resolution No. 1151 created the Sample -Ewing Allocation Area (South Bend Allocation Area No. 8) and the Sample -Ewing Allocation Area (South Bend Allocation Area No. 8) Special Fund ( "Allocation Fund ") for purposes of paying into such fund property tax proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described in Section 39(b)(2) of the Act; and WIE REAS, the Commission desires to pay expenses incurred by it for local public improvements that are in or serving the Allocation Area with property tax proceeds deposited in the Allocation Fund pursuant to the Act; and WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are subject to the provisions of IC 6- 1.1 -18 -5; and WHEREAS, the expenditures incurred by the Commission proposed to be paid with property tax proceeds deposited in the Allocation Fund are described on the attached Exhibit "A "; and WAS, the Commission desires to approve said payments from the Allocation Fund in the total amount as described on Exhibit "A "; and WHEREAS, the proposed payment from the Allocation 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 Allocation Fund in the amount of Two Million ($2,000,000) 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 June 18, 1993 at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.