My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
No. 0965 amending resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA
sbend
>
Public
>
Redevelopment Commission
>
Resolutions
>
No. 0965 amending resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/18/2012 3:06:26 PM
Creation date
1/12/2012 1:39:06 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
44
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
serving Allocation Area No. 1; (viii) reimburse the City for <br />rentals paid by it for a building or parking facility in or <br />serving Allocation Area No. 1 under any lease entered into <br />under IC 36 -1 -10; (ix) pay all or a portion of a property tax <br />replacement credit to taxpayers in Allocation Area No. 1 as <br />determined by the Commission in accordance with the provisions <br />of the Act; (x) pay expenses incurred by the Commission for <br />local public improvements that are in or serving Allocation <br />Area No. 1. Public improvements include buildings, parking <br />facilities and other items described in Section 25.1(a) of the <br />Act; <br />provided, however, that if future uses of property tax proceeds <br />allocated to the Allocation Fund are authorized or permitted by <br />amendments to the Act, including Sections 39 and 43, after the <br />effective date of this Resolution, those uses shall also be <br />authorized or permitted for property tax proceeds allocated to the <br />Allocation Fund. <br />13. Except as provided in Section 39(g) of the Act, before <br />July 15 of each year, the Commission shall do the following: <br />(a) determine the amount, if any, by which property taxes <br />payable to the Allocation Fund in the following year will <br />exceed the amount of property taxes necessary to make, when <br />' due, principal and interest payments on bonds described in <br />Paragraph 12(c) plus the amount necessary for the other <br />{ purposes described in Paragraph 12(a). <br />(b) notify the County Auditor of the amount, if any, of <br />the amount of excess property taxes that the Commission has <br />determined may be paid to the respective taxing units in the <br />manner prescribed in Paragraph 12(a). The Commission may not <br />authorize the payment to the respective taxing units if to do <br />so would endanger the interests of the holders of bonds <br />described in Paragraph 12(c) or lessors under Section 25.2 of <br />the Act. <br />14. "Property Taxes" referred to herein shall mean taxes <br />imposed under IC 6 -1.1 on real property only. <br />15. The Secretary is directed to file a certified copy of the <br />Plan with the minutes of this meeting. <br />16. The officers of the Commission are hereby directed to make <br />any and all required filings with the Indiana State Board of Tax <br />Commissioners, the St. Joseph County Auditor, and the German <br />Township Assessor in connection with Expanded Allocation Area No. 1 <br />and No. 2. <br />-10- <br />tapitman \bonds \airport \res #965;11/08/90 <br />
The URL can be used to link to this page
Your browser does not support the video tag.