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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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10/18/2012 3:09:10 PM
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L <br />of a hearing on said appropriation to be published as required by <br />law; and <br />WHEREAS, such public hearing was held on July 13, 1990 at <br />10:00 a.m. (local time) at 1200 County -City Building, 227 W. <br />Jefferson Boulevard, South Bend, Indiana, concerning said <br />appropriation at which all taxpayers and interested persons had an <br />opportunity to appear and express their views as to such additional <br />appropriation; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1. The proceeds derived from the sale of the bonds <br />heretofore authorized to be issued and all investment earnings <br />thereon in the approximate amount of $15,000 shall be, and are, <br />hereby appropriated by the Commission for the purpose of providing <br />funds to be applied to the cost of property acquisition and <br />redevelopment in or serving Allocation Area No. 1 together with a <br />sum sufficient to pay the estimated cost of all expenses reasonably <br />incurred in connection with property acquisition and redevelopment <br />in or serving Allocation Area No. 1, including the total cost of <br />all land, rights -of -way and other property to be acquired and <br />redeveloped, all reasonable and necessary architectural, financing, <br />engineering, legal, accounting, advertising, bond discount and <br />supervisory expenses, capitalized interest and a debt service <br />reserve for the bonds to the extent that the Commission determines <br />that a reserve is reasonably required and expenses the Commission <br />may be required or permitted to pay as "relocation assistance" <br />\rlhill \sthbnd \airport \1u- 946;la;June 27, 1990; <br />-3- <br />
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