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South Bend Redevelopment Commission <br />Regular Meeting - September 19, 1997 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />approximately $25,000 that is left over <br />from money that was put into this fund for <br />issuance costs related to the Studebaker <br />Corridor bond refinancing. The $25,000 <br />surplus that wasn't spent on issuance costs <br />needs to be transferred to Fund 310 to pay <br />the debt service on the Studebaker <br />Corridor Bond. <br />Ms. Kolata explained that this resolution <br />appropriates $106,400.00; approxiamtely <br />$80,000 of the total amount will be spent <br />for public improvements in the South <br />Bend Central Development Area; <br />approximately $25,000 of the total amount <br />will be transferred to the Studebaker <br />Corridor Bond Fund. <br />She also noted that this resolution <br />authorizes the Director to have the legal <br />notice published for the public hearing that <br />is scheduled to be held on October <br />17, 1997. <br />Upon a motion by Ms. Auburn, seconded <br />by Ms. Schwartz and unanimously carried, <br />the Commission adopted Resolution <br />No. 1539 determining to pay certain <br />expenses incurred for local public <br />improvements in or serving the South <br />Bend Central Development Area from <br />Fund 433, the Redevelopment General <br />Fund. <br />H: UH OME\CPHIPPS \WPDATA \COMMSN\091997.MIN -4- <br />COMMISSION ADOPTED RESOLUTION NO. 1539 <br />DETERMINING TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN <br />OR SERVING THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA FROM FUND 433, THE <br />REDEVELOPMENT GENERAL FUND <br />