No. 3243 appropriating monies from the Certified Technology Park Fund for the payment of certain obligations and expenses related to the Certified Technology Park

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1 1 f 1 RESOLUTION NO. 3243 i A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING FUNDS FROM THE CERTIFIED TECHNOGY PARK FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE CERTIFIED TECHNOLOGY PARK WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the Department of Redevelopment of the City of South Bend, Indiana (the "City") and the City of South Bend, Indiana, Redevelopment District, exists and operates under the provisions of Indiana Code § 36-7-14, as amended (the "Act"); and WHEREAS, upon application made by the Commission, the Indiana Economic Development Corporation, on January 1, 2009, designated and established the Certified Technology Park within Ignition Park (the "Area") to be a certified technology park within the g meaning of Indiana Code § 36-7-32-11; and WHEREAS, the Commission designated the Area as the Certified Technology Park I Allocation Area ("Allocation Area") for purposes of the allocation and distribution of property taxes; and WHEREAS, the proposed appropriations from the Certified Technology Fund comply with the requirements of Indiana Code § 36-7-32-23 and are not for the operating expenses of the Commission; and 1 WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1- 18-5; and WHEREAS, on September 11, 2014, the Commission adopted Resolution No. 3232 setting a public hearing on said appropriations for 9:30 a.m. on October 10, 2013, and authorizing the Secretary of the Commission to duly publish notice of said hearing; and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on October 16, 2014, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriations; and WHEREAS,the Commission now desires to approve said appropriations in a total amount of One Million Five Hundred Forty-Nine Thousand and 00/100 Dollars ($1,549,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Commission hereby finds that there are insufficient funds available or provided