HomeMy WebLinkAbout6I(1) Resolution No. 2650L ~ l~
RESOLUTION N0.2650
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON THE APPROPRIATION OF TAX INCREMENT
FINANCING REVENUES FROM VARIOUS ALLOCATION AREAS FOR THE
PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THEIR
RESPECTIVE ALLOCATION AREAS AND OTHER RELATED MATTERS
WHEREAS, the South Bend Redevelopment Commission (the Commission"), the governing
body of the Department of Redevelopment of the City of South Bend, Indiana (the "City") and the City of
South Bend, Indiana, Redevelopment District (the "District"), exists and operates under the provisions of
Indiana Code § 36-7-17, as amended (the "Act"); and
WHEREAS, the Commission, from time to time, has declared, confirmed and established
allocation areas for areas needing redevelopment and economic development areas within the District for
purposes of tax increment financing pursuant to the Act; and
WHEREAS, the Commission has further created allocation area funds for the purpose of receiving
tax increment financing revenues received from the allocation areas; and
WHEREAS, there has been presented to the Commission Resolution No. 2651 appropriating the
funds for this allocations area of the District (the "Resolution"): and
WHEREAS, the Commission desires to appropriate the allocation area funds to pay certain
expenses incurred by it or the City for local public improvements that are in or serving their respective
allocation areas, which appropriations are set forth in more detail in the Resolutions; and
and
WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1-18-5; and
WHEREAS, the proposed appropriations are not for the operating expenses of the Commission;
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The Commission desires to approve the use of the funds of the allocation area, as set forth in
the respective Resolution, which allocation area, resolution and not-to-exceed appropriation amount are set
forth below:
Allocation Area and Fund Resolution No. Not-to-Exceed
Airport Economic Development/Urban Resolution No. 2619 $25,959,000
Enterprise Zone Special Zone Fund
2. The President and Secretary of the Commission are each hereby authorized and directed to
take all necessary steps to obtain the approval of the expenditures of such funds pursuant to Indiana Code
§ 6-1.1-18-5, including the publication in accordance with Indiana Code § 5-3-1 of notice of a hearing on
the appropriation of such funds to be held at 10:00am on March 5, 2010, at 1308 County-City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on February 5, 2010
at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Signature
Printed Name and Title
Signature
Printed Name and Title
F: IDATAISHAREIECONDEVIOrdinances Resolutions120l0Appropriabon OrdslPub Hrg Notice Res 2650 2010 Fund 454.doc
NOTICE OF PUBLIC HEARING CONCERNING PROPOSED
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE SOUTH BEND REDEVELOPMENT DISTRICT
The taxpayers of the South Bend Redevelopment District, which Redevelopment District is a special taxing district
including all the territory in the City of South Bend, Indiana, are hereby notified that the South Bend Redevelopment
Commission (the "Commission") did on February 5, 2010 adopt Resolution No. 2650 determining its intent to use
funds that have been paid into the allocation funds and in the amounts set forth below for local public improvements
in or serving their respective allocation areas:
Allocation Area and Fund Resolution No. Not-to-Exceed
Airport Economic Development/Urban Enterprise Resolution No. 2651 $350,000
Zone Special Zone Fund
The taxpayers of the South Bend Redevelopment District are further notified that the Commission will hold a public
hearing at 10:00 a.m. (local time), on Friday, March 5, 2010, at 1308 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana, on said appropriation of funds from the Allocation Fund heretofore authorized by
the Commission. The appropriations are set forth in more detail in their respective resolutions which are on file and
available for inspection at the office of the Commission, 227 West Jefferson Boulevard, Suite 1200, South Bend,
Indiana 46601.
At said public hearing all persons shall have the right to appear and be heard on the necessity of said appropriation,
which appropriation, if made, will be forwarded to the State Board of Tax Commissioners for review to ensure the
availability of funds.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones
President
Publish: February 12, 2010
F: IDATAISHAREIECONDEVIOrdinances Resoiutions120t 0 Appropriation Ords IPub Hrg Notice Res 2650 2010 Fund 454.doc