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South Bend Redevelopment Commission <br />Regular Meeting - June 19, 1998 <br />6. NEW BUSINESS (CONT.) <br />c. continued.... <br />Mrs. Kolata stated that the resolution <br />states the Redevelopment Commission's <br />intent to appropriate $1,909,000.00 to <br />make lease payments on bonds that were <br />issued in the past for local public <br />improvements that are in or serving the <br />Allocation Area and to pay expenses <br />incurred by the Commission for local <br />public improvements. She also stated that <br />the $1,909,000 is an estimated amount that <br />would be reduced at the public hearing to <br />be held at 10:00 a.m., on July 2, 1998. <br />Upon a motion by Ms. Schwartz, seconded <br />by Mr. Faccenda, and unanimously <br />carried, the Commission adopted <br />Resolution No. 1612 determining to pay <br />certain expenses incurred for local public <br />improvements in or serving the Airport <br />Economic Development Area Allocation <br />Area No. 1 ( "Allocation Area No. 1 ") from <br />the Airport Economic Development Area <br />Allocation Area No. 1 Special Fund (the <br />"Allocation Fund "). <br />d. Commission approval requested for <br />Resolution No. 1613 determining its <br />intent to pay certain expenses incurred <br />for local public improvements in or <br />serving the Sample -Ewing Allocation <br />Area (South Bend Allocation Area <br />No. 8) from the Sample -Ewing <br />Allocation Area (South Bend Allocation <br />Area No. 8) Special Fund. <br />H: \WPDATA \COMMSN\061998.MM -8- <br />COMMISSION ADOPTED RESOLUTION NO. 1612 <br />DETERMINING TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN <br />OR SERVING THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA ALLOCATION AREA NO. 1 <br />( "ALLOCATION AREA NO. 1 ") FROM THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA ALLOCATION <br />AREA NO. 1 SPECIAL FUND (THE "ALLOCATION <br />FUND ") <br />