No. 0835 authorizing reimbursement to the City of South Bend for expenditures made within the Studebaker Corridor Development Area

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.V plat; thence, east along a point of curvature; th radius curve to the left 302.26 ft. to a point of northeasterly along said of beginning. said line 363.11 ft. to ance around a 286.48 ft. an arc distance of tangent; thence, centerline to the point WHEREAS, the Commission, in Resolution No. 762 created and designated the Studebaker Corridor Allocation Area (South Bend Allocation Area No. 6) (the Allocation Area), the boundaries for which are identical with the boundaries of the Studebaker Corridor Development Area described in the first whereas clause above; and WHEREAS, in Resolution No. 762, the Commission directed that the proceeds of taxes be distributed to the Department pursuant to the allocation provisions of the Resolution, particularly paragraph 10(b), and be deposited in a special fund designated as Studebaker Corridor Allocation Area (South Bend Allocation Area No. 6) Special Fund (Special Fund), proceeds from which may be used, among other purposes, "to reimburse the City for expenditures made by it for public improvements in South Bend Allocation Area No. 6;" and WHEREAS, the City of South Bend has made expenditures for public improvements, as defined by IC 36- 7- 14- 39(b)(2)G, within the Allocation Area and should be reimbursed from the Special Fund for those expenditures. NOW THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, as follows: 1. The Commission finds that the City of South Bend has expended the following amounts from the Community Development Fund (Fund 212) of the City for the following purposes in the Allocation Area: CHECK CHECK # VENDOR ACTIVITY DATE AMOUNT 1109 UNIV. OF MICH. STUDEBAKER CORRIDOR 7/3/87 $11,032.38 13528 UNIV. OF MICH. STUDEBAKER CORRIDOR 9/4/87 15,371.42 2223 UNIV. OF MICH. STUDEBAKER CORRIDOR 10/8/87 9.519.20 TOTAL $35.923.00 2. The Commission authorizes and appropriates Ten Thousand Two Hundred Thirty -Three Dollars ($10,233.00) from the Special Fund to reimburse the City of South Bend for expenditures made within the Allocation Area described in paragraph one hereof.