No. 0748 supplemental appropriation resolution one COSB redevelopment district tax increment revenue bonds of 1985

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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 redevelop- ment in the Allocation Area, and the issuance of said bonds has been authorized to procure the necessary funds and an extraordinary emergency and necessity exists for the making of the additional appropriation set out herein; and WHEREAS, the Secretary of this Commission has caused notice of a hearing on said appropriation to be published as required by law; and WHEREAS, such public hearing was held on September _3_, 1985 at 10:00 a.m., E.S.T., at 1200 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana, on said appropriation at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriation: NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION i0UNE Section 1. The proceeds derived from the sale of the bonds heretofore authorized to be issued and designated as "City of South Bend Redevelopment District Tax Increment Revenue Bonds of 1985" be, and they are hereby, appropriated by the Commission for the purpose of providing funds to be applied to the cost of property acquisition and redevelopment in the Allocation Area together with expenses incidental thereto and in connection with the issuance of the bonds, not provided for in the existing budget and tax levy. -2- 08/20/85 072024293 -CSB -85.2