Laserfiche WebLink
RESOLUTION NO. 947 <br />RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION <br />CW AUTHORIZING THE REIMBURSEMENT OF THE COMMISSION AND <br />THE CITY FOR PAYMENTS OF NECESSARY PRELIMINARY EXPENSES ACTUALLY <br />INCURRED PRELIMINARY TO THE ISSUANCE OF REDEVELOPMENT DISTRICT TAX <br />INCREMENT REVENUE BONDS OUT OF THE PROCEEDS OF THE BONDS <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 (the "Redevelopment District ") , <br />on the 23rd day of February, 1990 adopted a resolution declaring <br />the Airport Economic Development Area (the "Area ") to be an <br />economic development area within the meaning of IC 36 -7 -14; and <br />WHEREAS, the Commission in the same resolution created and <br />designated the Airport Economic Development Area, Allocation Area <br />No. 1 (the "Allocation Area ") , the boundaries of which are <br />coterminous with the boundaries of the Area; and <br />WHEREAS, the Commission intends, pursuant to IC 36 -7 -14 -25.1, <br />to issue Redevelopment District tax increment revenue bonds (the <br />"Bonds ") to finance property acquisition and redevelopment in or <br />serving the Allocation Area and all expenses reasonably incurred <br />in connection with the property acquisition and redevelopment in <br />or serving the Allocation Area, including but not limited to all <br />reasonable and necessary architectural, engineering, legal, <br />financing, accounting, advertising, and supervisory expenses <br />related to the property acquisition and redevelopment in or serving <br />the Allocation Area, or the issuance of the Bonds; and <br />