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public purposes under the Plan Amendment are hereby approved and adopted as the maps and <br /> plats for the Expansion Area. <br /> 6. The Commission approves of the addition of the Community Center <br /> property to the Acquisition List as set forth in the Plan Amendment. <br /> 7. The Commission hereby finds and determines that for purposes of the <br /> allocation provisions of Section 39 of the Act, the Expansion Area shall constitute an allocation <br /> area for purposes of the Act and this Resolution. <br /> 8. Such Expansion Area shall be designated as the "2014 Expansion <br /> Allocation Area." The Original Allocation Area shall hereafter be deemed to include the 2014 <br /> Expansion Allocation Area (the Original Allocation Area and the 2014 Expansion Allocation <br /> Area are hereinafter referred to as the "Allocation Area"). <br /> 9. Any property taxes levied on property in the 2014 Expansion Allocation <br /> Area in 2014 for collection in 2015, and thereafter, except as otherwise provided in Section 39 of <br /> the Act, by or for the benefit of any public body entitled to a distribution of property taxes on <br /> taxable property in the 2014 Expansion Allocation Area shall be allocated and distributed as <br /> follows: <br /> (a) The proceeds of the taxes attributable to the lesser of: (i)the <br /> assessed value of the property for the assessment date with respect <br /> to which the allocation and distribution is made; or (ii)the net <br /> assessed value of all the property as finally determined for the <br /> assessment date immediately preceding the effective date of these <br /> allocation provisions (as adjusted under Section 39(h) of the Act), <br /> which assessment date is March 1, 2014; shall be allocated to, and <br /> when collected, paid into the funds of the respective taxing units. <br /> (b) The excess of the proceeds of the property taxes imposed for the <br /> assessment date with respect to which the allocation and <br /> distribution is made that are attributable to taxes imposed after <br /> being approved by the voters in a referendum or a local public <br /> question conducted after April 30, 2010, not otherwise included in <br /> clause (a) shall be allocated to and, when collected, paid into the <br /> funds of the taxing unit for which the referendum or local public <br /> question was conducted. <br /> (c) Property tax proceeds in excess of those described in clause (a) and <br /> clause (b) shall be allocated to the Redevelopment District and, <br /> when collected, paid into the Allocation Fund (as defined below). <br /> (d) Proceeds distributed to the Redevelopment District pursuant to <br /> Paragraph 9(c) hereof, shall be deposited in the allocation fund <br /> previously created and designated "City of South Bend, Indiana, <br /> Department of Redevelopment, South Side Development Plan, <br /> Allocation Area No. 1 Allocation Fund" (the "Allocation Fund"), :r <br /> - 3 - <br /> US.54700214.03 <br />