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No. 2977 appropriating TIF revenues from allocation area fund for the payment of certain obligations and expenses related to the WWCDA allocation area
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No. 2977 appropriating TIF revenues from allocation area fund for the payment of certain obligations and expenses related to the WWCDA allocation area
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10/18/2012 11:37:42 AM
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2/20/2012 2:27:43 PM
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Secretary of the Commission to duly publish notice of said hearing; and <br />WHEREAS, the Secretary of the Commission has caused notice of said hearing on said <br />appropriations to be published in accordance with law; and <br />WHEREAS, such public hearing was held at the Commission's meeting at 4:00 p.m. on <br />January 24, 2012, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601, at which all taxpayers and interested persons had an opportunity to appear and express their <br />views as to such additional appropriations; and <br />WHEREAS, the Commission now desires to approve said appropriations in a total amount of <br />One Million One Hundred Twenty -eight Thousand Three Hundred and 00 /100 Dollars <br />($1,128,300.00); <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. The Commission hereby finds that there are insufficient funds available or provided <br />for in the existing budget and tax levy which may be applied to such expenses and the expenditure of <br />such amount from Allocation Area Fund. <br />2. The funds from Allocation Area Fund in the amount of One Million One Hundred <br />Twenty -eight Thousand Three Hundred and 00 /100 Dollars ($1,128,300.00) are hereby appropriated <br />for the purpose of paying the expenditures described at Exhibit A. <br />3. Such appropriations shall be in addition to all the appropriations provided for in the <br />existing budget and levy and shall continue in effect until the completion of the activities described <br />herein. Any surplus of such proceeds shall be credited to the proper fund as provided by law. <br />4. The President and /or the Secretary of the Commission are hereby authorized and <br />directed to certify a copy of this Resolution together with such other proceedings and actions as may <br />be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local <br />Government Finance for the purpose of obtaining its approval of the appropriations herein made. <br />(remainder of page intentionally left blank) <br />14 <br />
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