No. 0919 designating/declaring the AEDA, approving an economic development plan and establishing an allocation area for purposes of TIF

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(b) notify the County Auditor of the amount, if any, of the amount of excess property taxes that the Commission has determined may be paid to the respective taxing units in the manner prescribed in Paragraph 12(a). The Commission may not authorize the payment to the respective taxing units if to do so would endanger the interests of the holders of bonds described in Paragraph 12(c) or lessors under Section 25.3 of the Act. 14. "Property Taxes" referred to herein shall mean taxes imposed under IC 6 -1.1 on real property only. 15. The Secretary is directed to file a certified copy of the Economic Development Plan with the minutes of this meeting. 16. The officers of the Commission are hereby directed to make any and all required filings with the Indiana State Board of Tax Commissioners, the St. Joseph County Auditor, and the German Township Assessor in connection with the creation of Allocation Area No. 1. 17. This Resolution, together with supporting data, shall be submitted to the Area Plan Commission of St. Joseph County, and the South Bend Common Council, as provided by Section 16 of the Act, for the approval of the Resolution and Economic Development Plan, and if approved by both bodies, the Resolution and Economic Development Plan shall be submitted to public hearing and remonstrance as provided by Section 17 of the Act and IC 5 -3 -1 and after all required filings with governmental agencies and officers have been made pursuant to Section 17(b) of the Act. 18. All orders or resolutions in conflict herewith are hereby rescinded, revoked and repealed in so far as such exist. 19. This Resolution does not affect any rights or liabilities accrued, penalties incurred, offenses committed, or (except as otherwise provided herein) proceedings begun before the effective date of this Resolution. 20. Resolution No. 889 of the Commission entitled "Resolution of the South Bend Redevelopment Commission Declaring an Area in the City of South Bend as an Economic Development Area and Approving a Development Plan for Said Area" adopted September 8, 1989, and Resolution No. 896 of the Commission entitled "Resolution of the City of South Bend Redevelopment Commission Confirming Resolution No. 889 Declaring an Area in the City of South Bend as an Economic Development Area and Approving a Development Plan for Said Area," adopted October 17, 1989, are each hereby rescinded in their entirety. 21. This Resolution shall be in full force and effect from and after its adoption by the Commission. -10-