HomeMy WebLinkAboutNo. 1730 supplemental appropriation resolution of the SOSBRC (AEDA)RESOLUTION NO. 1730
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on December 17, 1999, adopted Resolution No. 1726, the provisions of which
Resolution are hereby included herein by this reference thereto, determining to make lease
payments for local public improvements that are in or serving the Airport Economic
Development Area No. 1 ( "Allocation Area No. 1 ") (the "Allocation Area ") and to pay expenses
incurred by the Commission for local public improvements that are in or serving the Allocation
Area with property tax proceeds that have been paid into the Airport Economic Development
Allocation Area No. 1 Special Fund (the "Allocation Fund ") pursuant to IC 36- 7- 14 -39, such
payment being authorized by IC 36- 7- 14- 39(b)(2)(F); and 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 Two Million Seven Hundred Sixty -Nine Thousand
Six Hundred Ninety-Eight Dollars ($2,769,698); and
WHEREAS, the Commission did not include said funds in any regular budget for the
year 2000; 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 January 7, 2000, 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 Two Million Seven Hundred Sixty -
Nine Thousand Six Hundred Ninety -Eight Dollars ($2,769,698) be, and they are hereby,
appropriated from the Allocation Fund for the purpose of paying the expenditures as described in
Exhibit "A ".
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 special meeting of the South Bend Redevelopment Commission held on
January 7, 2000, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH B REDEVELOPMENT COMMISSION
By:
Robert W. Hunt, President
ATTEST:
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RESOLUTION NO. 1730
EXHIBIT "A"
Appropriation of tax increment in the Airport Economic Development Area Allocation Area No.
1 ( "Allocation Area No. 1) for making lease payments payable for local public improvements in
or serving the Allocation Area payable pursuant to IC36- 7 -14 -39 (b) (2)(F) and for paying
expenditures incurred by the Commission for local public improvements in or serving the Airport
Economic Development Area Allocation Area No. 1 ( "Allocation Area No. 1 ") as may be
authorized by IC36- 7- 14- 39(b)(2)(J) in a total amount not to exceed $2,769,698.
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