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No. 2288 determining Commission intent to pay certain expenses incurred for local public improvements in or serving the South Bend Centrla Allocation Area No 1A from the SBCDA Allocation Area No. 1A Special Fund
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No. 2288 determining Commission intent to pay certain expenses incurred for local public improvements in or serving the South Bend Centrla Allocation Area No 1A from the SBCDA Allocation Area No. 1A Special Fund
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8/13/2009 4:46:38 PM
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RESOLUTION NO. 2288 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION DETERMINING ITS INTENT TO PAY CERTAIN EXPENSES <br />INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR <br />SERVING THE SOUTH BEND CENTRAL ALLOCATION AREA <br />(SOUTH BEND ALLOCATION AREA NO. lA) FROM THE <br />SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND <br />ALLOCATION AREA NO. lA) SPECIAL FUND <br />WHEREAS, the South Bend Redevelopment Commission ("Commission"), governing body <br />of the City of South Bend Department of Redevelopment ("Department"), on May 10, 1985, adopted <br />Resolution No. 737 declaring the South Bend Central Development Area to be a blighted area within <br />the meaning of IC 36-7-14 (the "Act"); and <br />WHEREAS, Resolution No. 737 and the South Bend Central. Development Area <br />Development Plan were confirmed by Resolution No. 739 adopted on June 14, 1985; and <br />WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the <br />provisions of the Act; and <br />WHEREAS, Resolution No. 737 created the South Bend Central Allocation Area (South <br />Bend Allocation Area No. 1 A) and the South Bend Central Allocation Area (South Bend Allocation <br />Area No. 1 A) Special Fund ("Allocation Fund") for purposes of paying into such fund property tax <br />proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described in <br />Section 39(b)(2) of the Act; and <br />WHEREAS, the Commission desires to make lease payments for local public improvements <br />that are in or serving the Allocation Area with property tax proceeds deposited in the Allocation <br />Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(F) of the Act and are <br />subject to the provisions of IC 6-1.1-18-5; and <br />WHEREAS, the lease payments incurred by the Commission proposed to be, paid with <br />property tax proceeds deposited in the Allocation Fund are described on the attached Exhibit "A"; <br />and <br />WHEREAS, the Commission also desires to pay expenses incurred by it for local public <br />improvements that are in or serving the Allocation Area with property tax proceeds deposited in the <br />Allocation Fund pursuant to the Act; and <br />WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and are <br />subject to the provisions of IC 6-1.1-18-5; and <br />
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