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public hearing on said appropriations for 9:30 a.m. on October 16, 2014 and authorizing the <br /> Secretary of the Commission to duly publish notice of said hearing; and <br /> WHEREAS, the Secretary of the Commission has caused notice of said hearing on said <br /> appropriations to be published in accordance with law; and <br /> WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on <br /> October 16, 2014, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, <br /> Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and <br /> express their views as to such additional appropriations; and <br /> WHEREAS,the Commission now desires to approve said appropriations in a total amount <br /> estimated not to exceed Four Hundred Eighty Nine Thousand Three Hundred Eighty and 00/100 <br /> Dollars ($489,380.00); <br /> NOW,THEREFORE,BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br /> COMMISSION AS FOLLOWS: <br /> 1. The Commission hereby finds that there are insufficient funds available or provided <br /> for in the existing budget and tax levy which may be applied to debt service payments on the EDC <br /> Bonds, in accordance with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A). <br /> 2. The Commission hereby appropriates that all funds in Allocation Area No. 3 Fund <br /> and/or the Principal and Interest Account for the debt service payments on the EDC Bonds, in <br /> accordance with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A), which amount <br /> is not expected to exceed the amount owed on the Bonds and required to be deposited with the <br /> Trustee under the Pledge Resolution and the Indenture and which amount is not anticipated to <br /> exceed Four Hundred Eighty Nine Thousand Three Hundred Eighty and 00/100 Dollars <br /> ($489,380.00) this year. <br /> 3. Such appropriations shall be in addition to all the appropriations provided for in the <br /> existing budget and levy and shall continue in effect until the completion of the activities described <br /> herein. Any surplus of such proceeds shall be credited to the proper fund as provided by law. <br /> 4. The President and/or the Secretary of the Commission are hereby authorized and <br /> directed to certify a copy of this Resolution together with such other proceedings and actions as <br /> may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of <br /> Local Government Finance for the purpose of obtaining its approval of the appropriations herein <br /> made. <br /> * * * * <br />