HomeMy WebLinkAboutNo. 1548 determining to pay certain expenses incurred for local public improvements in or serving the AEDA allocation area No. 1 from AEDA allocation area No. 1 special fundRESOLUTION NO. 1548
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION DETERMINING TO PAY CERTAIN EXPENSES
INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR
SERVING THE AIRPORT ECONOMIC DEVELOPMENT AREA
ALLOCATION AREA NO. 1 ( "ALLOCATION AREA NO. I") FROM
THE AIRPORT ECONOMIC DEVELOPMENT AREA ALLOCATION
AREA NO. 1 SPECIAL FUND (THE "ALLOCATION FUND ")
WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing
body of the City of South Bend Department of Redevelopment ( "Department "), on February
23, 1990, adopted Resolution No. 919 declaring the Airport Economic Development Area to
be an economic development area within the meaning of IC 36 -7 -14 (the "Act "); and
WHEREAS, Resolution No. 919 and the Airport Economic Development Area
Development Plan were confirmed by Resolution No. 938 adopted on June 27, 1990; and
WHEREAS, Resolution No. 919 has been amended from time to time pursuant to the
provisions of the Act; and
WHEREAS, Resolution No. 919 created the Airport Economic Development
Allocation Area No. 1 ( "Allocation Area No. 1 ") and the Airport Economic Development Area
Allocation Area No. 1 Special Fund (the "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
contributions 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 hereby approves the use of funds in the Allocation Fund in the
amount of One Hundred Eighty-Four Thousand, Four Hundred Eighty -Seven Dollars
($184,487.00) for purposes of paying the expenditures as further described in 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 November 21, 1997 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
November 7, 1997, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST:
Paula N. Auburn, Secretary
vb:res1548
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SOUTH BEND REDEVELOPMENT COMMISSION
By:
Robert W. Hunt, President
RESOLUTION NO. 1548
EXHIBIT "A"
Appropriation of tax increment in the Airport Economic Development Area Allocation Area
No. 1 ( "Allocation Area No. 1 ") 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 IC 36- 7- 14- 39(b)(2)(J) in a total amount not to exceed $184,487.00.
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