HomeMy WebLinkAboutNo. 2140 supplemental apropriation resolution of the COSB Redevelopment Commission (West Washington-Chapin development area)RESOLUTION NO. 2140
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
(WEST WASH INGTON-CHAPI N DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission (the "Commission"), has
heretofore on February 4, 2005, adopted Resolution No. 2131, the provisions of which
Resolution are hereby included herein by this reference thereto, determining to pay
expenses incurred by the Commission for local public improvements that are in or serving
the West Washington-Chapin Allocation Area (South Bend Allocation Area No. 7) (the
"Allocation Area") with property tax proceeds that have been paid into the West
Washington-Chapin Allocation Area (South Bend Allocation Area No. 7) Special Fund (the
"Allocation Fund") pursuant to IC 36-7-14-39, such payment being authorized by IC
36-7-14-39(b)(2)(J); and
WHEREAS, the amount of funds in the Allocation Fund proposed to be expended
for said expenses incurred by the Commission is Three Hundred Seventy Thousand Five
Hundred Twenty Dollars ($370,520); and
WHEREAS, the Commission did not include said funds in any regular budget for the
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year 2005;and
WHEREAS, 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 the Allocation Fund has been authorized by the Commission to procure the
necessary funds and an extraordinary emergency and necessity exists for the making of
the additional appropriation set out herein; and
WHEREAS, the Secretary of the Commission has caused notice of a hearing on
said appropriation to be published as required by law; and
WHEREAS, such public hearing was held on February 18, 2005, at 10:00 a.m.,
E.S.T., at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601, on said appropriation at which all taxpayers and interested persons had an
opportunity to appear and express their views as to such additional appropriation.
NOW, THEREFORE, BE IT RESOLVED by the Commission that:
1. Funds from the Allocation Fund in the amount of Three Hundred Seventy
Thousand Five Hundred Twenty Dollars ($370,520) be, and they are hereby, appropriated
by the Commission for the purpose of providing funds to be applied to pay the expenses
incurred by the Commission for local public improvements that are in or serving the
Allocation Area as more fully described in Exhibit "A" hereto.
2. Such appropriation shall be in addition to all appropriations provided for in the
existing budget and levy and shall continue in effect until the completion of the activities
described in Section 1 above. Any surplus of such proceeds shall be credited to the proper
fund as provided by law.
3. The President and Secretary of the Commission be and they 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 State Board of Tax Commissioners for the purpose of obtaining
the approval of said Board of the additional appropriation herein made.
ADOPTED at a regular meeting of the South Bend Redevelopment Commission
held on February 18, 2005, at 1308 County -City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND VELOP ENT COMMISSION
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By:
G K 'cep sident
ATTEST:
Robert W. Hunt, Secretary
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Description of Expenditure
RESOLUTION NO. 2140
EXHIBIT "A"
For local public improvements in or serving the West Washington-Chapin Allocation Area
(South Bend Allocation Area No. 7) as may be authorized by IC 36-7-14-39(b)(2)(J) in a
total amount not to exceed Three Hundred Seventy Thousand Five Hundred Twenty
Dollars ($370,520)
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