HomeMy WebLinkAboutNo. 2129 determining its intent to pay certain expenses incurred for local public improvements in or serving the Sample-Ewing allocation area from the Sample/Ewing allocation area special fund0 RESOLUTION NO. 2129
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION DETERMINING ITS INTENT TO PAY CERTAIN EXPENSES INCURRED
FOR LOCAL PUBLIC IMPROVEMENTS IN OR
SERVING THE SAMPLE-EWING ALLOCATION AREA
(SOUTH BEND ALLOCATION AREA NO. 8) FROM THE
SAMPLE-EWING ALLOCATION AREA (SOUTH BEND
ALLOCATION AREA NO. 8) SPECIAL FUND
WHEREAS, the South Bend Redevelopment Commission ("Commission"), governing
body of the City of South Bend Department of Redevelopment ("Department"), on April 16,
1993, adopted Resolution No. 1151 declaring the Sample -Ewing Development Area to be a
blighted area within the meaning of IC 36-7-14 (the "Act"); and
WHEREAS, Resolution No. 1151 and the Sample-Ewing Development Area
Development Plan were confirmed by Resolution No. 1154 adopted on May 21, 1993; and
WHEREAS, Resolution No. 1151 created the Sample-Ewing Allocation Area (South
Bend Allocation Area No. 8) and the Sample-Ewing Allocation Area (South Bend Allocation
Area No. 8) Special Fund ("Allocation Fund") for purposes of paying into such fund property tax
proceeds in excess of those described in Section 39(b)(1) of the Act for the purposes as described
in Section 39(b)(2) of the Act; and
WHEREAS, the Commission desires to pay expenses incurred by it for local public
improvements that are in or serving the Allocation Area with property tax proceeds deposited in
the Allocation Fund pursuant to the Act; and
WHEREAS, such payments are authorized pursuant to Section 39(b)(2)(J) of the Act and
are subject to the provisions of IC 6-1.1-18-5; and
WHEREAS, the expenditures incurred by the Commission proposed to be paid with
property tax proceeds deposited in the Allocation Fund are described on the attached Exhibit
"A"; and
WHEREAS, the Commission desires to approve said payments from the Allocation Fund
in the total amount as described on Exhibit "A"; and
WHEREAS, the proposed payment from the Allocation Fund as provided for herein is
not for the operating expenses of the Commission.
NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment
Commission, governing body of the City of South Bend, Department of Redevelopment, as
follows:
l. The Commission intends to approve the use oIfunds in the Allocation Fund in the
amount ofOne Million Dollars ($l,U00,00Nfor purposes ofpaying the expenditures as
described on Exhibit `A" The Secretary ofthe Coozolimoino is hereby authorized and directed to
take all necessary steps to obtain the approval nfthe expenditure of such funds pursuant toBC
6-l.l-l8-5, including the publication in accordance with DC 5-3-1 of notice o[a hearing mothe
appropriation of such funds to be held at 10:00 a.m., on Friday, February 18, 2005, at 1308
Conu1y-CityI}uilding 227 West Jefferson Boulevard, South Bend, Indiana 4060I.
ADOPTED ota regular meeting of the South Bend Redevelopment Commission held on
February 4,2005,utl3U8County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 48601.
SOUTH BEND REDE EILOPMENT COMMISSION
iV 6n t �r
ATTEST-
Secretary
0
•
Description of Expenditure
RESOLUTION NO. 2129
EXHIBIT "A"
For local public improvements in or serving the Sample-Ewing Allocation Area (South Bend
Allocation Area No. 8) as may be authorized by IC 36-7-14-39(b)(2)(J) in a total amount not to
exceed One Million Dollars ($1,000,000)
•