HomeMy WebLinkAboutNo. 1727 determining its intent to pay certain expenses incurred for local public improvements in or serving the SEAA (No. 8) from SEAA (No. 8) special fundRESOLUTION NO. 1727
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:
1. The Commission intends to approve the use of funds in the
Allocation Fund in the amount of One Million Eight Hundred -Sixty
Thousand Dollars ($1,860,000.00) for purposes of paying the expenditures as
described on Exhibit "A ". The Secretary of the Commission is hereby
authorized and directed to take all necessary steps to obtain the approval of
the expenditure of such funds pursuant to IC 6- 1.1 -18 -5, including the
publication in accordance with IC 5 -3 -1 of notice of a hearing on the
appropriation of such funds to be held at 10:00 a.m., on Friday, January 7,
2000, at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ADOPTED at a regular meeting of the South Bend Redevelopment
Commission held on December 17, 1999, at 1308 County -City Building, 227
West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
By:
Robert W. Hunt, President
ATTEST:
Philip J. F e a, Secretary
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RESOLUTION NO. 1727
EXHIBIT "A"
Description of Expenditure
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 $1,860,000.00.