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South Bend Redevelopment Commission <br /> Regular Meeting—October 16, 2014 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Public Hearings <br /> (7) Consideration of Resolution No. 3238 appropriating tax increment financing <br /> revenues from Allocation Area Fund for the payment of certain obligations and <br /> expenses related to the Northeast Neighborhood Development Area Allocation Area <br /> #2. <br /> 1 <br /> Ms. Leonard-Inks noted that Resolution No. 3238 appropriates $3,425,632.00 from Fund <br /> 324 for the Northeast Neighborhood Development Area Allocation Area#2. <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3238. <br /> (8) Consideration of Resolution No. 3239 appropriating tax increment financing <br /> revenues from Allocation Area No. 1 Fund for the payment of certain obligations and <br /> expenses related to the South Side Development Area No. 1. <br /> Ms. Leonard-Inks noted that Resolution No. 3239 appropriates $1,620,000.00 from Fund <br /> 430 for the South Side Development Area No. 1. <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3239. <br /> (9) Consideration of Resolution No. 3240 appropriating tax increment financing <br /> revenues from Allocation Area No. 3 Fund for the payment of certain obligations and <br /> expenses related to the South Side Development Area Allocation Area No. 3. <br /> Ms. Leonard-Inks noted that Resolution No. 3240 appropriates $489,380.00 from Fund <br /> 432 for the South Side Development Area Allocation Area#3. <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3240. <br /> (10) Consideration of Resolution No. 3241 appropriating tax increment financing <br /> revenues from Allocation Area No. 1 Fund for the payment of certain obligations and <br /> expenses related to the Douglas Road Economic Development Area Allocation Area <br /> No. 1 <br /> Ms. Leonard-Inks noted that Resolution No. 3241 appropriates $341,188.00 from Fund <br /> 435 for the Douglas Road Economic Development Area Allocation Arca No. 1. <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3241. <br /> 6 <br />