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No. 2398 appropriating tax increment financing revenues from Allocation Area No. 1 Fund for the payment of certain obligations and expenses related to the Airport Economic Development Area Allocaiton Area No. 1
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No. 2398 appropriating tax increment financing revenues from Allocation Area No. 1 Fund for the payment of certain obligations and expenses related to the Airport Economic Development Area Allocaiton Area No. 1
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of Twenty-seven Million Twenty-seven Thousand and 00/100 Dollars ($27,027,000.00); <br />• EVELOPMENT <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND RED <br />COMMISSION AS FOLLOWS: <br />L 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 of <br />such amount from Allocation Area No. 1 Fund. <br />2. The funds from Allocation Area No. 1 Fund in the amount ofTwenty-seven Million <br />Twenty-seven Thousand and 00/100 Dollars ($27,027,000.00) 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 may <br />be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local <br />Government Finance for the purpose of obtaining its approval of the appropriations herein made. <br />ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on <br />December 7, 2007 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana <br />46601. <br />ATTEST: <br />~aa e <br />Gre or S. Downes Secretar <br />Printer ame and Tide <br />SOUTH BEND REDEVELOPMENT <br />COMMISSION <br />Signature ~ <br />Marcia I. Jones President <br />Printed Name and Title <br />• <br />
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