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RESOLUTION NO. ill Ste` <br /> A JOINT RESOLUTION OF THE MAYOR AND THE COMMON <br /> COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING <br /> AND JOINING IN A PETITION AND APPEAL TO THE <br /> STATE BOARD OF TAX COMMISSIONERS OF THE STATE <br /> OF INDIANA FOR RELIEF FROM LEVY LIMITATIONS <br /> FOR THE 1985 PAYABLE 1986 TAX LEVIES FOR THE <br /> CITY OF SOUTH BEND, INDIANA. <br /> WHEREAS, pursuant to Indiana Code 6-1 .1-18 .5-1 et seq. , <br /> the maximum tax levy for 1985 payable 1986 for the City of South <br /> Bend has been frozen at 105% of the 1984 payable in 1985 level; <br /> and <br /> WHEREAS, pursuant to the terms of Indiana Code <br /> 6-1 .1-18 .5-12 et seq. , an appeal for relief from such frozen levy <br /> may be pursued by a municipal corporation so as to fund certain <br /> governmental functions specified therein; and <br /> WHEREAS, the Mayor and the South Bend Common Council have <br /> joined in the adoption of an appeal from such frozen levy for the <br /> purpose of funding certain expenses which are a part of the <br /> operation of the municipal government of the City of South Bend , <br /> Indiana, which requirements have been caused by insufficient <br /> revenues to meet costs required by the lease of the Parking <br /> Garages ; and <br /> WHEREAS, such an appeal seeks an increase in the maximum <br /> levy in the total amount of $368, 289. 00; and <br /> WHEREAS, it is the opinion of the Mayor and the Common <br /> Council of the City of South Bend that such an appeal is necessary <br /> and in the best interests of the citizens of the City of South <br /> Bend, Indiana. <br /> NOW, THEREFORE, BE IT RESOLVED that the Mayor and the <br /> Common Council of the City of South Bend , Indiana, do hereby <br /> petition and appeal to the State Board of Tax Commissioners of the <br /> State of Indiana for relief from levy limitations pursuant to <br /> Indiana Code 6-1 .1-18 .5-1 et seq. , as applied to the 1985 payable <br /> 1986 tax levies for the City of South Bend , Indiana; such appeal <br /> shall be for the purpose of funding certain expenses which are a <br /> part of the operations of the municipal government of the City of <br /> South Bend , Indiana, which have been caused by insufficient <br /> revenues to meet costs required by the lease of the Parking <br /> Garages, as follows : <br /> A. The deficit of the Parking Garages resulting <br /> from insufficient revenue to meet costs required <br /> by the lease of the Parking Garages . That <br /> accumulated deficit is estimated to be Three <br /> Hundred Sixty-eight Thousand , Two Hundred <br /> Eight-nine and 00/00 Dollars ( $368, 289. 00) <br /> through December 31st of 1986, I.C. <br /> 6-1 .1-18. 5-8 (a) (2) , and shall seek total <br /> relief from the frozen levy in the amount of <br /> $368, 289. 00 for the tax year 1985 payable 1986. <br /> IT IS HEREBY FURTHER RESOLVED that the Mayor and the <br /> Common Council of the City of South Bend do hereby join in this <br /> petitioning resolution to the State Board of Tax Commissioners of <br /> the State of Indiana, that without the requested emergency <br /> financial relief for which the City of South Bend petitions, it <br />