HomeMy WebLinkAboutNo. 1518 determining to pay certain expenses incurred for local public improvements in or serving the SEDA allocation area (No. 8) from the SEDA allocation area (No. 8) special fundRESOLUTION NO. 1518
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT _
COMMISSION DETERMINING 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 RedevelopmentCommission ( "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 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 AllocationFund 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 Commissionhereby approves the use of funds in the Allocation Fund in the amount
of Eight Hundred Ninty Thousand, Forty-Three Dollars ($890,043.00) 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 July 18, 1997 at 1308
County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
ADOPTED at a rescheduled regular meeting of the South Bend Redevelopment
Commission held on July 3,
South Bend, Indiana 46601.
ATTEST:
jL& / j -
Paula N. Auburn, Secretary
vb:Res1518
1997, at 1308 County -City Building, 227 West Jefferson Boulevard,
SOUTH BEND REDEVELOPMENT COM IISSION
By:
Robert W. Hunt, President
RESOLUTION NO. 1518
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 $890,043.00.