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10-16-14 Redevelopment Commission Meeting
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WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission <br /> proposed to be paid with funds from Allocation Fund are described on the attached Exhibit A; and <br /> WHEREAS, the proposed appropriations from Allocation Fund are not for the operating <br /> expenses of the Commission; and <br /> WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1- <br /> 18-5; and <br /> WHEREAS,the amount of funds in the Allocation Fund proposed to be expended for said <br /> expenses incurred by the Commission is One Million Six Hundred Ten Thousand Nine Hundred <br /> Eight and 00/100 Dollars ($1,610,908.00)and <br /> • <br /> WHEREAS, on September 11, 2014, the Commission adopted Resolution 3232 setting a <br /> 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 /> of is One Million Six Hundred Ten Thousand Nine Hundred Eight and 00/100 Dollars <br /> ($1,610,908.00); <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 such expenses and the expenditure <br /> of such amount from Allocation Fund. <br /> 2. The funds from Allocation Fund in the amount of One Million Six Hundred Ten <br /> Thousand Nine Hundred Eight and 00/100 Dollars($1,610,908.00)are hereby appropriated for the <br /> purpose of paying the expenditures described at Exhibit A. <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 />
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