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No. 0946 appropriating the proceeds (including investment earnings thereon) of the COSB Redevelopment District tax increment revenue bonds of 1990 to be applied to the cost of property acquisition and redevelopment in or serving the AEDAAA No. 1
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No. 0946 appropriating the proceeds (including investment earnings thereon) of the COSB Redevelopment District tax increment revenue bonds of 1990 to be applied to the cost of property acquisition and redevelopment in or serving the AEDAAA No. 1
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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 />
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