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Ln <br />2. The Commission further determines that the capture <br />of only a portion of the potential captured assessment in 1991 will <br />result in a balance in the Allocation Fund in 1991 that, when <br />combined with future investment earnings on that balance and the <br />resultant tax increment to be collected in 1991, will not be <br />sufficient to satisfy the obligations of the Commission over the <br />term or terms of those obligations, and that therefore all of the <br />potential captured assessment for the Allocation Area in 1991 shall <br />be treated as captured assessment (as defined in the Regulations) . <br />In making this determination, the Commission has considered the <br />effect that the determination will have on the property tax rate <br />in the Redevelopment District. <br />3. Any one of the President, Vice President and <br />Secretary of the Commission is hereby authorized and directed to <br />immediately notify the St. Joseph County Auditor of the <br />determination made herein by the Commission. <br />ADOPTED at a meeting of the South Bend Redevelopment <br />Commission held on June 27, 1990, at the office of the Commission, <br />located at 1200 County -City Building, 227 West Jefferson Boulevard, <br />South Bend, Indiana. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />�yNitz, 'President <br />TEST: <br />O <br />Roman Piasecki, Secretary <br />\rlhill \sthbnd \airport \ludeterm;la;June 25, 1990; <br />-3- <br />