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P � <br />0 <br />RESOLUTION NO. 418 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING <br />AN ADDITIONAL APPROPRIATION IN THE ANDUNT OF $3,800,000 FOR PROJECT <br />INDIANA R -66. <br />WHEREAS, this Commission has heretofore on the 21st day of July, <br />1972, authorized the issuance of bonds in the amount of $3,800,000 to <br />pay the cost of acquisition, clearance, rehabilitation, site improvement <br />and renewal of property described in Resolution No. 413 and all expenses <br />necessarily incurred in connection with said proceedings; and <br />WHEREAS, the Commission did not include the proceeds of said bonds <br />in the regular budget for the year 1972, and <br />WHEREAS, the Executive Director of this Commission gave notice of <br />the hearing on the matter of appropriating the proceeds of said bonds as <br />required by law; and <br />WHEREAS, such public hearing was held on the 18th day of August, <br />1972, at 10:30 o'clock A.M., Eastern Standard Time, at the office of the <br />Connission and all taxpayers or interested persons desiring to be heard <br />in regard to said appropriation were heard; <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment <br />Commission that: <br />1. An extraordinary emergency exists for the making of an additional <br />appropriation by the South Bend Redevelopment Commission in the amount of <br />$3,800,000 to be appropriated on the cost of acquisition, clearance, rehab- <br />ilitation, site improvement and renewal of property described in Resolution <br />No. 413 and all expenses necessarily incurred in connection with said <br />proceedings. <br />2. The proceeds of the bonds of said District in the amount of $3,800,000 <br />heretofore authorized to be issued, be appropriated for the purposes set <br />forth herein; that such appropriation shall be in addition to all appropriations <br />provided for in the existing budget and levy, and shall continue in effect' <br />until the completion of said Projects. <br />ADOPTED at the regular meeting of the South Bend Redevelopment <br />Commission held on August 18, 1972, at the office of the Commission, 1200 <br />