No. 2348 designating boundary changes to AEDA to add SEDA, LaSalle Square and Marycrest/Hurwich

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r~ U No. 1 and from the special tax levied under Section 27 of the Act; (iv) pay the principal of and interest on bonds issued by the City to pay for local public improvements in or serving Allocation Area No. l; (v) pay premiums on the redemption before maturity of bonds payable solely or in part from allocated tax proceeds in Allocation Area No. 1; (vi) make payments on leases payable from allocated tax proceeds in Allocation Area No. 1 under Section 25.2 of the Act; (vii) reimburse the City for expenditures made by it for local public improvements (which include buildings, parking facilities, and other items described in Section 25.1(a) of the Act) in or serving Allocation Area No. 1; (viii) reimburse the City for rentals paid by it for a building or parking facility in or serving Allocation Area No. 1 under any lease entered into under IC 36-1-10; (ix) pay all or a portion of a property tax replacement credit to taxpayers in Allocation Area No. 1 as determined by the Commission in accord «~ith the pmvisions of the Act; (x) pay expenses incurred by the Commission for local public improvements that are in or serving Allocation Area No. 1; and (xi) reimburse public and private entities for expenses incurred in training employees of industrial facilities that are located in the allocation area and on a parcel of real property that has been classified as industrial property under the rules of the department of local government Finance in accord with the provisions of the Act; provided however, that if future uses of property tax proceeds allocated to the Allocation Fund are authorized or permitted by amendments to the Act, including IC 36-7-14-39, after the effective date of this Resolution, those uses shall also be authorized or permitted for property tax proceeds allocated to the Allocation Fund. 15. Except as provided in Section 39(g) of the Act, before July 15 of each year, the Commission shall do the following: (a) Determine the amount, if any, by which property taxes payable to the Allocation Fund in the following year will exceed the amount of property taxes necessary to make, when due, principal and interest payments on bonds described in Paragraph 14(c) plus the amount necessary for the other purposes described in Paragraph 14(c). (b) Notify the County Auditor of the amount, if any, of excess property taxes that the Commission has determined may be paid to the respective taxing units in the manner prescribed in Paragraph 14(a). The Commission may not authorize the payment to the uouaot a~sv~?a~-a - '7