HomeMy WebLinkAboutNo. 1774 determining its intent to pay certain expenses incurred for local public improvements in or serving the SEAA (No. 8) from the SEAA (No. 8) special fundRESOLUTION NO. 1774
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 Four Hundred Twenty One Thousand
Seven Hundred Thirteen Dollars ($421,713.00)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, July 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
I,,' Commission held on June 16, 2000, at 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMNUSSION
By:
Robert W. Hunt, President
ATTEST:
Marcia Jones
dp:Res 1774
RESOLUTION NO. 1774
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 $