HomeMy WebLinkAbout6A(1)&(2) Public Hearing on Resolution No. 2663
RESOLUTION NO. 2663
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
contii7med 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. 1 A) 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 ti-om the sale or leasing of property in the Area under Indiana
Code ti 36-7-14-22, all in accordance with Indiana Code ti 36-7-14-26; and
WHEREAS, the Commission desires to pay certain expenses incun-ed 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 pa}nnent 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 ti 36-7-14-39(b)(2); and
WHEREAS, the expenditures incur•ed 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, on January 15, 2010 the Commission approved Resolution 2620 appropriating
Five Million Two Hundred Seven Thousand Two Hundred Two and 00/100 Dollars ($5,207,202.00)
to be expended in this Allocation Fund, and
WHEREAS, the Commission wishes to amend said appropriation allowing an additional
Three Hundred Ninety-Nine Thousand and 00/100 Dollars ($399,000.00) to be expended in this
Allocation Fund, and
WHEREAS, on March 19, 2010, the Commission adopted Resolution 2661 setting a public
hearing on said appropriations for 10:00 a.m. on April 9, 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
April 9, 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 an additional
amount of Three Hundred Ninety-Nine Thousand and 00/100 Dollars ($399,000.00);
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 maybe applied to such expenses and the expenditure of
such amount from Allocation Area Fund.
2. The funds from Allocation Area Fund in the additional amount of Three Hundred
Thousand and 00/100 Dollars ($399,000.00) are hereby appropriated for the purpose of paying 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 by law.
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
April 9, 2010 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
ATTEST:
SOUTH BEND REDEVELOPMENT
COMMISSION
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Prinntl :A'umr cued 77~1e
Prinrrd ,14unr and Tidr
EXHIBIT A
Century Center Debt Service Lease Payment for ?010 $399,000.00