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RESOLUTION NO. 946 <br />RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION <br />APPROPRIATING THE PROCEEDS (INCLUDING INVESTMENT EARNINGS <br />THEREON) OF THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS OF 1990 TO BE APPLIED TO THE COST <br />OF PROPERTY ACQUISITION AND REDEVELOPMENT IN OR SERVING THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA, ALLOCATION AREA NO. 1 <br />WHEREAS, the City of South Bend Redevelopment Commission (the <br />"Commission ") , on June 27, 1990, in its Resolution No. 945 entitled <br />"A PRELIMINARY BOND RESOLUTION OF THE CITY OF SOUTH BEND <br />REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF TAX INCREMENT <br />REVENUE BONDS OF THE REDEVELOPMENT DISTRICT OF THE CITY OF SOUTH <br />BEND, INDIANA, FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY <br />ACQUISITION AND REDEVELOPMENT IN OR SERVING THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA, ALLOCATION AREA NO. 1," the provisions of which <br />resolution are hereby included herein by this reference thereto, <br />determined to issue special taxing district bonds of the <br />Redevelopment District of the City of South Bend, Indiana (the <br />"Redevelopment District ") , payable solely out of taxes on real <br />property located in the Airport Economic Development Area, <br />Allocation Area No. 1 ( "Allocation Area No. 111) allocated and <br />deposited in the City of South Bend, Department of Redevelopment, <br />Airport Economic Development Area, Allocation Area No. 1 Allocation <br />Fund (the "Allocation Fund ") pursuant to the provisions of IC <br />36- 7 -14 -39 and proceeds from the sale or leasing of property in <br />Allocation Area No. 1 under IC 36- 7 -14 -22 deposited in the <br />Allocation Fund as required by IC 36- 7 -14 -26 in an amount not to <br />exceed Nine Hundred Fifty Thousand Dollars ($950,000) for the <br />