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Resolution No. 3620 Adopting Spending Plan & Authorizing Amendments - Signed
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Resolution No. 3620 Adopting Spending Plan & Authorizing Amendments - Signed
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11/14/2024 2:15:12 PM
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South Bend Redevelopment Commission <br />5 <br />neighborhood development corporations (pursuant to IC 36-7-14-12.2(a)(25)) as part of <br />its annual spending plan if the need for such an expenditure materializes that would <br />further the goals of the Redevelopment Commission. <br />5.Other legally permitted grants or loans <br />As of the date of this report, the Redevelopment Commission does not anticipate <br />expenditures in 2025 for any legally permitted grants or loans that have not been <br />addressed elsewhere in this report. <br />The Redevelopment Commission would consider providing other legally permitted grants <br />or loans in 2025 as part of its annual spending plan if the need for such an expenditure <br />materializes that would further the goals of the Redevelopment Commission. <br />G.Professional Expenses (e.g., legal, accounting, project supervision expenses, and other) <br />The Redevelopment Commission provides support for redevelopment projects, <br />infrastructure projects, and other initiatives through expenditures for professional services <br />including, but not limited to, legal services, engineering and design services, studies, and <br />more. <br />As of the date of this report, the Redevelopment Commission anticipates expenditures for <br />professional expenses in 2025 will be $2,409,123. <br />The Redevelopment Commission would consider additional expenditures for permitted <br />professional expenses in 2025 as part of its annual spending plan if the need for such an <br />expenditure materializes that would further the goals of the Redevelopment Commission. <br />H.Expenditures Related to Capital and Operating Expenses for Police or Fire Services <br />(including such things as salaries and benefits, and acquisition of public safety vehicles and <br />equipment) <br />As of the date of this report, the Redevelopment Commission does not anticipate <br />expenditures in 2025 for expenditures related to capital and operating expenses for police or <br />fire services. However, the Commission would consider expenditures related to capital and <br />operating expenses for police or fire services as part of its annual spending plan if the need <br />for such an expenditure materializes that would further the goals of the Redevelopment <br />Commission. <br />I.Expenditures from Proceeds of Bonds (Including Expenditures for Residential <br />Housing Development Programs), Lease Financings, or Tax Anticipation Warrants <br />As of the date of this report, the Redevelopment Commission does not anticipate <br />expenditures in 2025 from proceeds of bonds (including expenditures for residential housing <br />development programs), lease financings, or tax anticipation warrants that are not discussed <br />elsewhere in this report. <br />The Redevelopment Commission would consider expenditures from proceeds of bonds <br />(including expenditures for residential housing development programs), lease financings, or
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