HomeMy WebLinkAbout6A(1)&(2) Public Hearing Res No. 2768V ko + (Z--
RESOLUTION NO. 2768
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.
IA) (the "Allocation Area ") and the South Bend Central Development Area (South Bend
Allocation Area No. IA) 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, 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 on April 23,
2010 approved Resolution 2668 appropriating an additional Three Hundred Ninety -Nine
Thousand and 00 /100 Dollars ($399,000.00) to be expended in this Allocation Fund, and
WHEREAS, the Commission wishes to amend said appropriations allowing an
additional Seven Hundred Fifty Thousand and 00 /100 Dollars ($750,000.00) to be
expended in this Allocation Fund, and
WHEREAS, on September 17, 2010, the Commission adopted Resolution 2767
setting a public hearing on said appropriations for 10:00 a.m. on October 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 October 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 an
additional amount of Seven Hundred Fifty Thousand and 00 /100 Dollars ($750,000.00);
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 additional amount of Seven
Hundred Fifty Thousand and 00 /100 Dollars ($750,000.00) 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 October 15, 2010 at 1308 County -City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
ATTEST:
Signature
Printed Name and Tit e
Signature
Printed Name and Title
WN .u:
Development Projects in SBCDA for 2010 $750,000.00