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No. 2331 appropriating monies from the Redevelopment General Fund (Fund 433) for the purpose of paying for certain expenses incurred by the Redevelopment Commission
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No. 2331 appropriating monies from the Redevelopment General Fund (Fund 433) for the purpose of paying for certain expenses incurred by the Redevelopment Commission
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RESOLUTION NO. 2331 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROPRIATING MONIES FROM THE <br />REDEVELOPMENT GENERAL FUND (FUND 433) FOR THE <br />PURPOSE OF PAYING FOR CERTAIN EXPENSES INCURRED BY <br />THE REDEVELOPMENT COMMISSION <br />WHEREAS, the Redevelopment General Fund-Fund 433 (the "General Fund") <br />was established for the purpose of holding, among other things, certain miscellaneous <br />revenue proceeds (the "Proceeds") received by the South Bend Redevelopment <br />Commission (the "Commission") and <br />WHEREAS, the Commission desires to engage outside legal counsel to assist the <br />Commission in its redevelopment efforts (the "Services"); and <br />WHEREAS, there are ins~rfficient funds available or provided for in the existing <br />budget and tax levy which may be applied to payment for the Services; and <br />WHEREAS, the Commission desires to pay certain expenses incurred by it out of <br />the Proceeds; and <br />• WHEREAS, such appropriations are subject to the provisions of Indiana Code ~ 6- <br />1.1-18-5; and <br />WHEREAS, the Commission held a public hearing on the proposed additional <br />appropriation on May 18, 2007 at 10:00 a.m. in the Common Council Informal Meeting <br />Room, 4r~ Floor, County-City Building, 227 West Jefferson Boulevard, South Bend, <br />hldiana 46601 at which all taxpayers and interested persons had an opportunity to appear <br />and express their views as to such additional appropriation, notice of which hearing was <br />published in the South Bend Tribune and the Tri-County News on May 4, 2007, in <br />accordance with Indiana Code § 6 l . ] -18 5 and Indiana Code ~ 5-3-1-2(b); <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AS FOLLOWS: <br />1. The Commission hereby finds and confirms that there are insufficient funds <br />available or provided for in the existing budget and tax levy which maybe applied to the <br />payment of the Services. <br />2. The Commission hereby approves the use of funds in the General Fund in <br />an amount not to exceed Forty Thousand and 00/100 Dollars ($40,000.00) for purposes of <br />paying the Services and appropriated said funds for said purpose. Such appropriation shall <br />be in addition to all appropriations provided for in the existing budget and levy and shall <br />continue in effect until the Services are completed and paid for. <br />
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