No. 0820 supplemental appropriation resolution one, COSB redevelopment district tax increment revenue bonds of 1988

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RESOLUTION NO. 820 SOUTH BEND REDEVELOPMENT COMMISSION SUPPLEMENTAL APPROPRIATION RESOLUTION ONE, CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1988 WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has heretofore, on November 12, 1987 adopted a resolution entitled "A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF BONDS ON PARITY WITH THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1985 AND THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1986 FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY ACQUISITION AND REDEVELOPMENT IN THE SOUTH BEND CENTRAL ALLOCATION AREA," the provisions of which resolution are hereby included herein by this reference thereto, determining to issue special taxing district bonds of the South Bend Redevelopment District payable solely out of taxes on real property located in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) (the "Allocation Area ") allocated and deposited in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) Special Fund (the "Allocation Fund ") pursuant to the provisions of I.C. 36- 7 -14 -39 and proceeds from the sale or leasing of property in the Allocation Area under I.C. 36- 7 -14 -22 deposited in the Allocation Fund as required by I.C. 36- 7 -14 -26 in the amount of One Million Eight Hundred Thousand Dollars ($1,800,000) for the purpose of raising money to pay for the cost of property acquisition and redevelopment in the Allocation Area together with a sum sufficient to pay the estimated cost of all expenses reasonably