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RESOLUTION NO. 2396 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />SETTING A PUBLIC HEARING ON THE APPROPRIATION OF TAX INCREMENT <br />FINANCING REVENUES FROM VARIOUS ALLOCATION AREAS FOR THE <br />PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THEIR <br />RESPECTIVE ALLOCATION AREAS AND OTHER RELATED MATTERS <br />~J <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the <br />governing body of the Department of Redevelopment of the City of South Bend, Indiana (the "City") <br />and the City of South Bend, Indiana, Redevelopment District (the "District"), exists and operates <br />under the provisions of Indiana Code ~ 36-7-14, as amended (the "Act"); and <br />WHEREAS, the Commission, from time to time, has declared, confii-~ned and established <br />allocation areas for areas needing redevelopment and economic development areas within the <br />District for purposes of tax increment financing pursuant to the Act; and <br />WHEREAS, the Commission has further creationedllocation area fiords for the purpose of <br />receiving tax increment financing revenues received from the allocation areas; and <br />WHEREAS, there have been presented to the Commission Resolutions No. 2397 through <br />2403 and No. 2406 appropriating the funds from various allocations areas of the District <br />(collectively, the "Resohrtions"); and <br />WHEREAS, the Commission desires to appropriate the allocation area fiends to pay certain <br />expenses incurred by it or the City for local public improvements that are in or serving their <br />respective allocation areas, which appropriations are set forth in more detail in the Resolutions; and <br />WHEREAS, such appropriations are subject to the provisions of Indiana Code ~ 6-1.1-18-5; <br />and <br />WHEREAS, the proposed appropriations are not for the operating expenses of the <br />Commission; and <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. The Commission desires to approve the use of the fiords of the various allocation <br />areas, as set forth in their respective Resolutions, which allocation areas, resolutions and not-to- <br />exceed appropriation amounts are as set forth below: <br />• <br />