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NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AS FOLLOWS: <br />1. 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 debt service payments on the Bonds, <br />in accordance with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A). <br />2. The Commission hereby appropriates that all funds in Allocation Area No. 2 Fund <br />and/or the Principal and Interest Account for the debt service payments on the Bonds, in accordance <br />with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A), which amount is not expected <br />to exceed the amount owed on the Bonds and required to be deposited with the Trustee under the <br />Pledge Resolution and the District Bond Indenture or the EDC Bond Indenture and which amount is <br />not anticipated to exceed Three Hundred Thousand Dollars ($300,000) this year. <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 />• <br />**** <br />• <br />