HomeMy WebLinkAboutNo. 1539 determining to pay certain expenses incurred for local public improvements in or serving the SBCDA from fund 433 the redevelopment general fundRESOLUTION NO. 1539
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION DETERMINING TO PAY CERTAIN EXPENSES
INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR
SERVING THE SOUTH BEND CENTRAL DEVELOPMENT AREA
FROM FUND 433, THE REDEVELOPMENT GENERAL FUND
WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body of
the City of South Bend Department of Redevelopment ( "Department "), did on May 10, 1985, adopt
Resolution No. 737 declaring the South Bend Central Development Area to be a blighted area within the
meaning of IC 36 -7 -14 (the "Act "); and
WHEREAS, Resolution No. 737 and the South Bend Central Development Area Plan were
confirmed by Resolution No. 739 adopted on June 14, 1985; and
WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the provisions
of the Act; and
WHEREAS, the Commission desires to pay expenses incurred by it for local public improvements
that are in or serving the South Bend Central Development Area with funds deposited in Fund 433, the
Redevelopment General Fund; and
co WHEREAS, the Commission also desires to use some of the funds to pay debt service on
outstanding Studebaker Corridor bonds; and
WHEREAS, the expenditures incurred by the Commission proposed to be paid from Fund 433,
the Redevelopment General Fund are described on the attached Exhibit "A "; and
WHEREAS, the Commission desires to approve said payments from the Redevelopment General
Fund in the total amount as described on Exhibit "A "; and
WHEREAS, the proposed payment from the Redevelopment General 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 Redevelopment General Fund in the
amount of One Hundred Six Thousand Four Hundred Dollars ($106,400.00) 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, October 17, 1997 at Room 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
September 19, 1997, at Room 1308, County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH DEVELOP NT COMMISSION
By:
Robert W. Hunt, President
AT ST:
Paula N. Auburn, Secretary
ML:resl539
Resolution No. 1539
EXHIBIT "A"
Description of Expenditure
For local public improvements in or serving the South Bend Central Development Area in a total amount
not to exceed $80,851.00 and for purposes of paying debt service on outstanding bonds in the amount of
$25,549.00 which will be appropriated into Fund 310.
LI