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No. 3238 appropriating tax increment financing revenues from Allocation Area Fund for the payment of certain obligations and expenses related to the Northeast Neighborhood Development Area Allocation Area #2
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No. 3238 appropriating tax increment financing revenues from Allocation Area Fund for the payment of certain obligations and expenses related to the Northeast Neighborhood Development Area Allocation Area #2
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10/17/2014 10:35:15 AM
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6 <br /> 1 <br /> I <br /> 1 <br /> i <br /> WHEREAS,the Commission now desires to approve said appropriations in a total <br /> 1 amount of Three Million Four Hundred Twenty Five Thousand Six Hundred Thirty Two <br /> and 00/100 Dollars ($3,425,632.00); <br /> 1 <br /> NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND <br /> 1 REDEVELOPMENT COMMISSION AS FOLLOWS: <br /> 1. The Commission hereby finds that there are insufficient funds available or <br /> provided for in the existing budget and tax levy which may be applied to such expenses <br /> and the expenditure of such amount from Allocation Area Fund. <br /> 2. The funds from Allocation Area Fund in the amount of Three Million Four <br /> Hundred Twenty Five Thousand Six Hundred Thirty Two and 00/100 Dollars <br /> 1 ($3,425,632.00) are hereby appropriated for the purpose of paying the expenditures <br /> described at Exhibit A. <br /> 3 <br /> l <br /> 3. Such appropriations shall be in addition to all the appropriations provided <br /> for in the existing budget and levy and shall continue in effect until the completion of the <br /> I activities described herein. Any surplus of such proceeds shall be credited to the proper <br /> fund as provided by law. <br /> 1 4. The President and/or the Secretary of the Commission are hereby authorized <br /> and directed to certify a copy of this Resolution together with such other proceedings and <br /> actions as may be necessary to the St.Joseph County Auditor for certification to the Indiana <br /> 1 Department of Local Government Finance for the purpose of obtaining its approval of the <br /> i appropriations herein made. <br /> ADOPTED at a regular meeting of the South Bend Redevelopment Commission <br /> I held on October 16, 2014 at 1308 County-City Building, 227 W. Jefferson Boulevard, <br /># South Bend, Indiana 46601. <br /> f <br /> SOUTH BEND REDEVELOPMENT <br /> I COMMISSION <br />/ i <br /> Signature <br /> I Marcia I. Jones, President <br /> AT T: Printed Name and Title <br />} ure li 6(2/...------- <br /> 1� i ature <br /> Donald E. Inks, Secretary <br /> Printed Name and Title <br /> 3 <br /> I <br /> . <br />
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