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RM 07-14-89
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RM 07-14-89
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South Bend Redevelopment Commission <br />Regular ting - July 14, 1989 <br />6. NEW BUSINESS (Cont.) <br />c. comzinuea... <br />.ing to the Appropriation of $463,000 <br />the South Bend Central Allocation <br />(South Bend Allocation Area No. 1A) <br />al Fund to the Parking Garage <br />opal and Interest Account of the <br />elcpment District Bond Fund. The <br />priation is proposed in order that <br />will. be sufficient money in the <br />ng Garage Principal and Interest <br />nt of the Redevelopment District <br />Fund for the purpose of making lease <br />1 payments due during 1990 under the <br />meet entered into on June 1, 1988, <br />by the South Bend Redevelopment <br />ssion leases a parking garage <br />ity from the South Bend <br />elcpnent Authority. The Secretary <br />ed the Commission that the form of <br />resolution had been approved by the <br />ney representing the commission. <br />Th President stated that the Commission <br />now ready to hear all taxpayers <br />desiring to be heard on the question of <br />the necessity for the appropriation <br />provided for in said resolution. <br />Ms Auburn stated that the copies of the <br />Resolution did not include a dollar <br />t. She asked that the record state <br />that the amount to be appropriated is <br />$463, 000. <br />After hearing all taxpayers desiring to <br />be heard and the discussion of Resolution <br />No 877, a motion was made by Ms. Auburn, <br />sec:onded by Mr. Carobs and unanimously <br />cai-ried to approve Resolution No. 877 <br />ch appropriated $463,000 to the <br />king Garage Principal and Interest <br />At of the Redevelopment District <br />Bo Fund. <br />-11- <br />NO. 877 WHICH APPROPPJATED <br />$463,000 TO THE ••'<IN <br />PRINCIPAL AND INTEREST C OF <br />THE REDEVEIL0114ENT DISTRICT : • 1 <br />—T ak11 <br />
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