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Home My WebLink AboutNo. 1430 supplemental appropriation resolution of the COSBRC (SBCDA)RESOLUTION NO. 1430 SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION (SOUTH BEND CENTRAL DEVELOPMENT AREA) WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has heretofore on May 3, 1996, adopted Resolution No. 1429, 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 South Bend Central Allocation Area (South Bend Allocation Area No. IA) (the "Allocation Area ") with property tax proceeds that have been paid into the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) 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 $40,000.00; and WHEREAS, the Commission did not include said funds in any regular budget for the year 1996; 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 May 17, 1996, 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 Forty Thousand Dollars ($40,000.00) 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. ADOPTED at a regularly scheduled meeting of the South Bend Redevelopment Commission held on May 17, 1996, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION Paula N. Auburn, President ATTEST: William P. H ' ac , Secretary ML:Res1430 RESOLUTION NO. 1430 E MBIT "A" Description of Expenditure For local public improvements in or serving the South Bend Central Allocation Area (South Bend Allocation Area No. IA) as may be authorized by IC 36- 7- 14- 39(b)(2)(J) in a total amount not to exceed $40,000.00. ` 1 RESOLUTION NO. 1429 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. IA) FROM THE SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. IA) SPECIAL FUND WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body of the City of South Bend Department of Redevelopment ( "Department "), on May 10, 1985, adopted 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, Resolution No. 737 created the South Bend Central Allocation Area (South Bend Allocation Area No. IA) and the South Bend Central Allocation Area (South Bend Allocation Area No. IA) 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 Commission has determined that such expenditure will not endanger the interests of the holders of any obligations heretofore issued or incurred by the Commission and payable from the Allocation Fund; 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 Forty Thousand Dollars ($40,000.00) 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 May 17, 1996 at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. 1 ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on May 3, 1996, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: William P. Hojna , Secretary ML:Resl429 SOUTH BEND REDEV ELOPMENT C OMMIS SION By: Paula N. Auburn, President RESOLUTION NO. 1429 EXHIBIT "A" Description of Expenditure For local public improvements in or serving the South Bend Central Allocation Area (South Bend Allocation Area No. IA) as may be authorized by IC 36- 7- 14- 39(b)(2)(J) in a total amount not to exceed $40,000.00. 11