Bill No. 23-24 Professional Sports Convention Development Tax Area

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by abbreviated legal description, parcel numbers and tax identification numbers and consist of the City Hall which was purchased from the South Bend Community School Corporation, the Police Station, the Fire Stations, the Waste Water Treatment Plant, the Municipal Water Building, and the Equipment Services Building. SECTION III. The allocation provisions of IC, 36-7-31.3-10 (e) (2), (3), and (4) shall apply to the entire PSCD Tax Area comprised of the facilities and sites included in the Resolutions (Exhibits 1 and 2) together with those described in previous Section II (Exhibit 3), and such allocation provisions shall expire July 1, 2044. SECTION IV. The maximum amount of covered taxes that may be captured in the PSCD Tax Area described in this Resolution is ($5,000,000) per year, as per Ind. Code 36-7- 31.8-10 (e), or as that statute may be amended hereafter. SECTION V. The use of the tax funds within the PSCD Tax Area shall be used for all purposes listed in IC 36-7-31-8-10 (e) which is incorporated by reference into this Section V. SECTION VI. If any terms of or conditions of this Resolution conflict with the Resolutions, and if reconciliation between the three resolutions is not possible, then the terms of this resolution shall control, and this resolution should be construed to be consistent with IC, 36- 7-31.3 as amended by SEA 326. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Member South Bend Common Council [Remainder of Page Intentionally Left Blank]