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No. 2344 establishing a housing program and housing allocation area in the Northeast Neighborhood Development Area
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No. 2344 establishing a housing program and housing allocation area in the Northeast Neighborhood Development Area
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8/13/2009 8:43:23 AM
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• <br />alfocatiou area; <br />E) Pay premiunLS ~u1 [he redemption before nuiturity of~ hinds <br />payable solely in' in part h~un~ al3ocated tax proceeds ut the allocation <br />area; <br />(F) Make payments on leases payable from allocated tax proceeds <br />in the allocation area under Ind. Curie ti 6-7-14-2~.2; <br />(G) Reitnhursr tlir Cite of Suuttt Beud Ii~r cxpenditin~ea made by <br />it fur Ioc-ai public improvements which include, brit is not limited to, <br />buildiu~rs, parkitt~ t~icilitirs, and other items descrih~d in Ind. Cede <br />ti ~6-7-I=b-~~~. 1(a) ut ~~r ~rrvin~~ the ai[ucatic~n area; <br />t.H~1 Rrhnhnr~e the Citr rf Si~uth Fend for reuta!s paid by it 1-~~r a <br />huildin« or Parki~ig racility iii ur servin~~ the a(foc~it~on ~~u~ea under anv <br />base ~ ntere~_I inti? under hui !. uclc ~ ~6- I - 10; <br />lI) P~i~~ all or a portion ~,f ,~ prn~ert~,~ taz renlac~•meot credit h~ <br />Ulxl;llb'Cl~~ ;n 1111 ~ill~i~:ifi~~li :il~c~l ~i-~ ilClci~nilnCCl I~1V the ~ l~llllnl~~]On h\~ <br />separalr reol~ih~~n. <br />.7 <br />(T~i Pa~~ rxnrn~~~~ incurre~_I by rhr Connni~si~n~ For local nuhlic <br />Ii11p1~oVlmcnt~ Chat l11~C 111 ihC tllll~~llCloil 211~Ca l~l arl° JerV'll1« the <br />allocati~:u~ arEa ! ~~~hi~~h ineludee h~..iildin~~~, p,u~kn~~= t;~ciiitieti ~~r other <br />IIC1llldC1C171)G11111 Ilia. LI~IIC' j iU-i-1'-F-~J Ll~U1, <br />(K) Reimburse public and private entities ti)r expenses iticun-ed <br />iu training empluyces of industrial facilities that arc li~cated (i) ~.vitl~l <br />the a(lucatiun arc~i; lend {iil i,n a parcel of real property that Iris been <br />classified as industrial pruperty under the rules of the state hoard of <br />t'~lx collllTllSSlonerS; <br />(L) Reimburse the Coiz~ntission for prelui~rn}~ expenditures paid <br />ti~om Commission funds briar to the issuance of the bonds with bond <br />proceeds, said expenditures to include I~gal, arel~itectural, <br />engnleering, surveys, appraisals, and supervisory expenses related to <br />the aaluisitiou uud redevelopment of property, the issuance of~ bonds <br />and related a~sts~. <br />• <br />provided, however-, that if future uses i~f property tax proceeds allocated to <br />'h~ allocation liuul arc .~i_i1lu~riz~~d ~,r pern~ittrd I~~~ <~~i~rnd~nrnt tip the Act, <br />iuchtding Ind. Code 5 i9 7- l-~-i9. aTtcr the effecti~~c date of tl~lis resoluttim, <br />these uses shall also he authorized or permitted Y~~r property tax proceeds <br />20 <br />
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