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RESOLUTION N0.2620
ADDITIONAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
(SOUTH BEND CENTRAL DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission ("Commission"), governing body
of the City of South Bend Department of Redevelopment ("Department"), on May 10,1985, adopted
Resolution No. 737 declaring the South Bend Central Development Area in the City of South Bend,
Indiana ("City") to be a blighted area within the meaning of the Redevelopment of Cities and Towns
Act of 1953, as amended, Indiana Code § 36-7-14 ("Act"); and
WHEREAS, Resolution No. 737 and the South Bend Central Development Area
Development Plan ("Development Plan") adopted by Resolution No. 737 on May 10, 1985, were
confirmed by Resolution No. 739 adopted on June 14, 1985; and
WHEREAS, Section 43 of the Act permits the creation of an allocation area within a
redevelopment area to provide for the allocation and distribution, as provided by the Act, of the
proceeds of taxes levied on property situated in the allocation area; and
WHEREAS, the Commission, in accordance with the Act, has previously established the
South Bend Central Allocation Area (South Bend Allocation Area No. 1 A) (the "Allocation Area")
and the South Bend Central Development Area (South Bend Allocation Area No. lA) Special Fund
(the "Allocation Fund"), for the purpose of depositing into such Allocation Fund tax increment
revenues allocated to the Commission and resulting solely from the increase in the assessed value of
real property and improvements thereon located in Allocation Area pursuant to Indiana Code § 36-
7-14-39(b)(1)and from the proceeds from the sale or leasing of property in the Area under Indiana
Code § 36-7-14-22, all in accordance with Indiana Code § 36-7-14-26; and
WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for
local public improvements that are in or serving the Allocation Area, including but not limited to
debt service and lease payment for said improvements, from funds remaining in the Allocation Fund,
in accordance Indiana Code § 36-7-14-39(b)(2) and certain other expenditures incurred by the
Commission in accordance with Indiana Code § 36-7-14-39(b)(2); and
WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission
proposed to be paid with funds from Allocation Fund are described on the attached Exhibit A; and
WHEREAS, the proposed appropriations from Allocation Fund are not for the operating
expenses of the Commission; and
WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1-18-
5; and
WHEREAS, the amount of funds in the Allocation Fund proposed to be expended for said
expenses incurred by the Commission is Six Million One Hundred Thousand and 00/100 Dollars
($6,100,000.00), and
WHEREAS, on December 4, 2009, the Commission adopted Resolution 2618 setting a
public hearing on said appropriations for 10:00 a.m. on January 15, 2010 and authorizing the
Secretary of the Commission to duly publish notice of said hearing; and
WHEREAS, the Secretary of the Commission has caused notice of said hearing on said
appropriations to be published in accordance with law; and
WHEREAS, such public hearing was held at the Commission's meeting at 10:00 a.m. on
January 15, 2010, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601, at which all taxpayers and interested persons had an opportunity to appear and express their
views as to such additional appropriations; and
WHEREAS, the Commission now desires to approve said appropriations in a total amount
of Five Million Three Thousand Nine Hundred Ninety-Five and 00/100 Dollars ($5,941,000.00);
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The Commission hereby finds that there are insufficient funds available or provided
for in the existing budget and tax levy which may be applied to such expenses and the expenditure of
such amount from Allocation Area Fund.
2. The funds from Allocation Area Fund in the amount of Five Million Nine hundred
forty one dollars ($5,941,000.00) are hereby appropriated for the purpose ofpaying the expenditures
described at Exhibit A.
3. Such appropriations shall be in addition to all the appropriations provided for in the
existing budget and levy and shall continue in effect until the completion of the activities described
herein. Any surplus of such proceeds shall be credited to the proper fund as provided bylaw.
4. The President and/or the Secretary of the Commission are hereby authorized and
directed to certify a copy of this Resolution together with such other proceedings and actions as may
be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local
Government Finance for the purpose of obtaining its approval of the appropriations herein made.
ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
Januaryl5, 2010 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
ATTEST:
Srgnaha~e
SOUTH BEND REDEVELOPMENT
COMMISSION
Signature
Printed Name and Trde
Printed Name and Title
EXHIBIT A
SOUTH BEND CENTRAL DEVELOPMENT AREA -FUND 420
2010 BUDGET SUMMARY
Debt Service:
Debt Service Reserve Increase
Debt Service Payments
Total Debt Service
Infrastructure Projects Underway, Not Completed
Total Infrastructure Underway, Not Completed
Other Activities:
Downtown South Bend, Inc.
Fat Daddies -Holding & Predevelopment
LaSalle Hotel Holding Costs
Legal ~ Professional Fees
Main & Jefferson Parking Lot
St. Joseph & Jefferson Parking Lot
Miscellaneous fees for Real Estate Development
Total Other Activities
Development Opportunities:
Development Opportunity Reserve
Total Development Opportunities
Infrastructure Planned:
(Could include the following projects)
Coveleski/Gates Area Plan Implementation
Chamber of Commerce
East Bank Plan Implementation
TCU Town Plaza
LaSalle Hotel Parking Garage
Rink Site Development
Other
Total Infrastructure Planned
Total Appropriation
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2010
Appropriation
0
2,090,366
2,090,366
250,000
20,000
20,000
77, 500
17,000
15,000
75,000
474,500
1,321,274
1,311,274
2,054,860
5,941,000
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