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C9 <br />South Bend Redevelopment Commission <br />Regular Meeting - August 16, 1996 <br />6. NEW BUSINESS (Cont.) <br />m. Commission approval requested for <br />Resolution No. 1455 of the South Bend <br />Redevelopment Commission regarding <br />use of Surplus Revenue from Urban <br />Redevelopment Bonds of 1972. <br />Mrs. Kolata noted that the bonds were <br />issued in 1972 and paid off in 1992. There <br />were some excess taxes collected in the <br />amount of $8,789.93 that are sitting in Fund <br />No. 303. Ms. Manier has recommended that <br />these excess funds be deposited into <br />Fund 310 which is the fund used to pay back <br />the Studebaker Corridor bonds. This will <br />allow us to close out Fund No. 303. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Hojnacki and unanimously carried, the <br />Commission adopted Resolution No. 1455 of <br />the South Bend Redevelopment Commission <br />regarding use of Surplus Revenue from <br />Urban Redevelopment Bonds of 1972. <br />7. PROGRESS REPORTS <br />The Redevelopment intern, Andy Laurent, will <br />be leaving Friday, August 16, 1996 to return to <br />Ball State University. He has done a good job <br />this summer. <br />8. NEXT COMMISSION MEETING <br />The next Regular Meeting of the Redevelopment <br />Commission is scheduled for September 6, 1996 <br />at 10:00 a.m.. <br />-13- <br />COMMISSION ADOPTED RESOLUTION <br />NO. 1455 OF THE SOUTH BEND <br />REDEVELOPMENT COMMISSION REGARDING <br />USE OF SURPLUS REVENUE FROM URBAN <br />REDEVELOPMENT BONDS OF 1972 <br />NEXT COMMISSION MEETING <br />