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No. 1105 appropriating the proceeds (including investment earnings thereon) of the COSB Redevelopment District tax increment revenue bonds of 1992 to be applied to the cost of redevelopment in the SBCDA allocation area No. 1A
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No. 1105 appropriating the proceeds (including investment earnings thereon) of the COSB Redevelopment District tax increment revenue bonds of 1992 to be applied to the cost of redevelopment in the SBCDA allocation area No. 1A
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in the Allocation Fund as required by IC 36- 7 -14 -26 in an amount <br />I <br />not to exceed Three Million and 00/100 Dollars ($3,000,000.00) for <br />the purpose of raising money to pay for the cost of redevelopment <br />in the Allocation Area consisting of financing certain costs <br />associated with the construction of the College Football Hall of <br />Fame, which will be located in the Allocation Area, together with <br />a sum sufficient to pay the estimated cost of all expenses <br />reasonably incurred in connection with such redevelopment in the <br />Allocation Area, including all reasonable and necessary <br />architectural, engineering, financing, legal, accounting, <br />advertising, bond discount, and supervisory expenses, capitalized <br />I <br />I <br />interest and a debt service reserve for the Bonds to the extent <br />I <br />that the Commission determines that a reserve is reasonably <br />z <br />required together with the expenses in connection with or account <br />I <br />of the issuance of the Bonds; and <br />WHEREAS, the Commission did not include the proceeds <br />I <br />(including investment earnings thereon) of said Bonds of the <br />Redevelopment District in the regular budget for the year 1992; and <br />WHEREAS, there are insufficient funds available or provided <br />in the existing budget and tax levy which may be applied to the <br />I <br />cost of redevelopment in the Allocation Area, and the issuance of <br />said Bonds has been authorized to procure the necessary funds and <br />an extraordinary emergency and necessity exists for the making of <br />9 the additional appropriation set out herein; and <br />r <br />
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