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No. 0823 supplemental appropriation resolution two, COSB redevelopment district tax increment revenue bonds of 1988
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No. 0823 supplemental appropriation resolution two, COSB redevelopment district tax increment revenue bonds of 1988
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RESOLUTION NO. 823 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />SUPPLEMENTAL APPROPRIATION RESOLUTION TWO, <br />CITY OF SOUTH BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS OF 1988 <br />WHEREAS, the South Bend Redevelopment Commission (the "Commis- <br />sion") , has heretofore, on November 12, 1987 adopted a resolution <br />entitled "A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />AUTHORIZING THE ISSUANCE OF BONDS ON PARITY WITH THE CITY OF SOUTH <br />BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1985 AND <br />THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE <br />BONDS OF 1986 FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY ACQUISI- <br />TION AND REDEVELOPMENT IN THE SOUTH BEND CENTRAL ALLOCATION AREA ", <br />the provisions of which resolution are hereby included herein by this <br />reference thereto, determining to issue special taxing district bonds <br />of the South Bend Redevelopment District payable solely out of taxes <br />on real property located in the South Bend Central Allocation Area <br />(South Bend Allocation Area No. 1A) (the "Allocation Area ") allocated <br />and deposited in the South Bend Central Allocation Area (South Bend <br />Allocation Area No. 1A) Special Fund (the "Allocation Fund ") pursuant <br />to the provisions of I.C. 36- 7 -14 -39 and proceeds from the sale or <br />leasing of property in the Allocation Area under I.C. 36- 7 -14 -22 <br />deposited in the Allocation Fund as required by I.C. 36- 7 -14 -26 in <br />the amount of One Million Eight Hundred Thousand Dollars ($1,800,000) <br />for the purpose of raising money to pay for the cost of property <br />acquisition and redevelopment in the Allocation Area together with a <br />sum sufficient to pay the estimated cost of all expenses reasonably <br />
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