HomeMy WebLinkAboutNo. 1659 supplemental appropriation resolution of the COSBRC determining its intent to pay expenses incurred by the Commission for local public improvements in or serving the AEDA (No. 1) from the AEDA (No. 1) special fundRESOLUTION NO. 1659
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on January 8, 1999, adopted Resolution No. 1655, the provisions of which
Resolution are hereby included herein by this reference thereto, determining its intent to pay
expenses incurred by the Commission for local public improvements that are in or serving the
Airport Economic Development Area No. 1 ( "Allocation Area No. 1 ") (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)(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 Four Hundred Forty -One Thousand
Six Hundred and Fifty -Nine Dollars ($1,441,659.00); and
WHEREAS, the Commission did not include said funds in any regular budget for the
year 1999; 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 22, 1999, 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 One Million Four Hundred Forty -
One Thousand Six Hundred and Fifty -Nine Dollars ($1,441,659.00) 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 22, 1999, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST:
vb:Res1659
SO ND DEV L ENT COMMISSION
By: .wig
Robert W. Hunt, President
RESOLUTION NO. 1659
EXHIBIT "A"
Appropriation of tax increment in the Airport Economic Development Area Allocation Area
No. 1 ( "Allocation Area No. 1) 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. I") as may be authorized by IC36- 7- 14- 39(b)(2)(J) in a total
amount not to exceed $1,441,659.00.
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