No. 0776 supplemental appropriation resolution one COSB redevelopment district tax increment revenue bonds of 1986

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SOUTH BEND REDEVELOPMENT. COMMISSION SUPPLEMENTAL APPROPRIATION RESOLUTION ONE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1986 RESOLUTION NO. 776 WHEREAS, the South Bead Redevelop -went Commission (the "Commission "), has heretofore, on May 23, 1986, adopted Resolution No. 775, 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 IC 36- 7 -14 -39 and proceeds from the sale or leasing of property in the Allocation Area under IC 36- 7 -14 -22 and deposited in the Allocation Fund in the amount of Two Million Five Hundred Sixty -Five Thousand Dollars ($2,565,000) for the purpose of raising money for property acquisition or redevelopment in, the Allocation Area together with expenses incidental thereto and expenses in connection with the issuance of the bonds. WHEREAS, this Commission did not include the proceeds of said bonds of the South Bend Redevelopment District in the regular budget for the year 1986; and WHEREAS, there are insufficient funds available or provided for in the existing budget and tax levy which may be applied to the cost of property acquisition and redevelopment in the Allocation Areal. and the issuance of said bonds has been authorized to procure