HomeMy WebLinkAboutNo. 1405 supplemental appropriation resolution of the COSBRCRESOLUTION NO. 1405
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on December 15, 1995, adopted Resolution No. 1404, 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
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 Hundred Thirty -Five Thousand Dollars
($135,000.00); 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
IL 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 2, 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 One Hundred Thirty -Five
Thousand Dollars ($135,000.00) 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 regular meeting of the South Bend Redevelopment Commission held
on January 2, 1996 at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEND REDEVELOP�IENT COMMISSION
Y•
- Paula A. Auburn resident
ATTEST:
William J. Hojnacki eC etary
ML:Res1405
RESOLUTION NO. 1405
EY=IT "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. V) as may be
authorized by IC36- 7- 14- 39(b)(2)(J) and IC36- 7- 14- 25.1(a) in a total amount not to exceed
$135,000.00.
ML: Res 1405