HomeMy WebLinkAboutNo. 1645 supplemental appropriation resolution of the COSBRCRESOLUTION NO. 1645
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on October 16, 1998, adopted ResolutionNo. 1644, 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 Sample -Ewing Allocation
Area (South Bend Allocation Area No. 8) (the "Allocation Area ") with proceeds from the
disposition of property that have been paid into the Sample -Ewing Allocation Area (South Bend
Allocation Area No. 8) 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 One Million Dollars ($1,000,000.00); and
WHEREAS, the Commission did not include said funds in any regular budget for the year
1998; 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 November 6, 1998, at 10:00 a. in., 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:
Am 1. Funds from the Allocation Fund in the amount of One Million Dollars ($1,000,000.00)
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.
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ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
November 6, 1998, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST:
Eugenia S. Schwartz, Secretal
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SOUTH B REDEVELOPMENT COMMISSION
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Y:
Robert W. Hunt, President
RESOLUTION NO. 1645
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) and IC 36- 7- 14- 25.1(a)
in a total amount not to exceed $1,000,000.00.
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