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No. 1098 a preliminary bond authorizing the issuance of tax increment revenue bonds of the redevelopment district of the COSB for the purpose of raising money for redevelopment purposes in the SBCDA allocation area No. 1A
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No. 1098 a preliminary bond authorizing the issuance of tax increment revenue bonds of the redevelopment district of the COSB for the purpose of raising money for redevelopment purposes in the SBCDA allocation area No. 1A
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r� <br />RESOLUTION NO. 1098 <br />A PRELIMINARY BOND RESOLUTION OF THE CITY OF SOUTH BEND <br />REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF <br />TAX INCREMENT REVENUE BONDS OF THE REDEVELOPMENT <br />DISTRICT OF THE CITY OF SOUTH BEND, INDIANA, <br />FOR THE PURPOSE OF RAISING MONEY FOR <br />REDEVELOPMENT PURPOSES IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA, SOUTH BEND ALLOCATION AREA NO. lA <br />WHEREAS, the South Bend Redevelopment Commission (the <br />"Commission ") , governing body of the City of South Bend Department <br />of Redevelopment (the "Department ") and the Redevelopment District <br />of the City of South Bend, Indiana, exists and operates under the <br />provisions of IC 36 -7 -14, as amended from time to time (the "Act "); <br />and <br />WHEREAS, the Commission, in accordance with the Act and <br />s former redevelopment law, adopted Resolution No. 737 on May 10, <br />1985, ( "Declaratory Resolution "), which declared an area as more <br />particularly described on the map attached hereto and incorporated <br />herein as Exhibit A (such area is hereinafter referred to as the <br />"South Bend Central Development Area ") in the South Bend <br />j Redevelopment District ( the "Redevelopment District "), which is <br />F <br />a special taxing district having the same boundaries as the City <br />of South Bend, Indiana (the "City "), to be blighted within the <br />meaning of the Act or such former redevelopment law and determined <br />that it would be of public utility and benefit to acquire such area <br />and redevelop it pursuant to the South Bend Central Development <br />Plan, South Bend, Indiana; and <br />
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