HomeMy WebLinkAboutNo. 1358 supplemental appropriation resolution of the COSBRC WWCDARESOLUTION NO. 1358
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
(WEST WASHINGTON -CHAPIN DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on June 16, 1995, adopted Resolution No. 1354, 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 West Washington -
Chapin Allocation Area (South Bend Allocation Area No. 7) (the "Allocation Area ") with
property tax proceeds that have been paid into the West Washington - Chapin Allocation Area
(South Bend Allocation Area No. 7) 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 Fourteen Thousand, Nine Hundred Eighty -five Dollars
and Thirty -five Cents ($14,985.35); and
WHEREAS, the Commission did not include said funds in any regular budget for the year
1995; 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 July 7, 1995, 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 Fourteen Thousand, Nine Hundred
Eighty -five Dollars and Thirty -five Cents ($14,985.35) 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 special meeting of the South Bend Redevelopment Commission held on
July 7, 1995, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Pksident
QPhilip J.
ATTEST:
Robert W. Hunt, Secretary
ML:Res1358
RESOLUTION NO. 1358
EXHIBIT "A"
Description of Expenditure
For local public improvements in or serving the West Washington - Chapin Allocation Area (South
Bend Allocation Area No. 7) as may be authorized by IC 36- 7- 14- 39(b)(2)(J) and IC
36- 7- 14- 25.1(a) in a total amount not to exceed $14,985.35.