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RM 07-03-96
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RM 07-03-96
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South Bend Redevelopment Commission <br />Regular Meeting - July 3, 1996 <br />6. NEW BUSINESS (Cont.) <br />c. continued... <br />( "Allocation Area No. 1") from the <br />Airport Economic Development Area <br />No. 1 Special Fund (The " Allocation <br />Fund "). <br />Mrs. Kolata noted that Resolution <br />No. 1439 states the Redevelopment <br />Commission's intent to appropriate <br />$1,305,000 for purposes of making lease <br />payments and for paying expenditures in <br />the Airport Economic Development Area. <br />The lease payments are tied to the bond <br />issues that are outstanding in that area and <br />the resolution also provides some money <br />for direct expenditures. The resolution <br />sets a public hearing on the appropriation <br />for Friday, July 19th at 10:00 a.m. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Hojnacki and unanimously carried, <br />the Commission adopted Resolution <br />No. 1439, a resolution of the South Bend <br />Redevelopment Commission determining <br />to pay certain expenses incurred for local <br />public improvements in or serving the <br />Airport Economic Development Area <br />Allocation Area No. 1 Special Fund (The <br />"Allocation Fund'). <br />d. Commission approval requested for <br />Resolution No. 1440, a resolution of the <br />South Bend Redevelopment Commission <br />determining to pay certain expenses <br />incurred for local public improvements <br />in or serving the South Bend Central <br />Allocation Area (South Bend Allocation <br />Area No. 1A) from the South Bend <br />-12- <br />COMMISSION ADOPTED RESOLUTION <br />NO. 1439, A RESOLUTION OF THE SOUTH <br />BEND REDEVELOPMENT COMMISSION <br />DETERMINING TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC <br />IMPROVEMENTS IN OR SERVING THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />ALLOCATION AREA NO. 1 SPECIAL FUND <br />(THE "ALLOCATION FUND ") <br />
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