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provided however, that if further uses of property <br />tax proceeds allocated to the Allocation Fund are <br />authorized or permitted by amendment to the Act, <br />including IC 36- 7- 14 -39, those uses shall also be <br />authorized or permitted for property tax proceeds <br />allocated to the Allocation Fund; and <br />(d) When the money in the Allocation Fund is <br />sufficient to pay when due all principal and interest <br />on bonds described in subdivisions (1), (3) and <br />(4) of subsection (c), and is not needed for the <br />other purposes described in subsection (c), money <br />in the Allocation Fund in excess of that amount <br />(the "Excess Funds ") shall be paid to the Controller <br />and presented to the County Treasurer who shall, <br />during the time a part of the Allocation Area is <br />located in an enterprise zone created under <br />IC 4- 4 -6.1, deposit such Excess Funds in a special <br />fund created for the enterprise zone and when no <br />part of the Allocation Area is located in an enter- <br />prise zone then the Excess Funds shall be deposited <br />in the funds for the respective taxing units entitled <br />thereto. <br />The Tax Increment, other than the Excess Funds, shall be <br />irrevocably pledged for the purposes set forth in this <br />Section 5. <br />SECTION 6. The Redevelopment District reserves <br />the right to authorize and issue additional bonds ( "Parity <br />Bonds "), payable out of the Tax Increment, ranking on a parity <br />with the Bonds authorized by this Resolution for the purpose <br />of raising money for future property acquisition or redevelop- <br />ment in the Allocation Area. In the event any Parity Bonds <br />are issued pursuant to this Section 6, the term "Bonds" in <br />this Resolution shall be deemed to refer to the bonds <br />authorized to be issued by this Resolution and such Parity <br />Bonds. The authorization and issuance of Parity Bonds shall <br />be subject to the following conditions precedent: <br />(a) All interest and principal payments with <br />respect to all bonds payable from the Tax Increment <br />shall be current to date in accordance with the <br />terms thereof with no payment in arrears. <br />(b) The balance in the Reserve Account shall <br />equal the Debt Service Reserve Requirement. <br />(c) the Commission shall have received a <br />certificate prepared by the Controller, an <br />independent certified public accountant, or an <br />independent financial consultant certifying that <br />-16- <br />