HomeMy WebLinkAboutNo. 1352 determining to pay certain expenses incurred for local public improvements in or serving the SEAA (No. 8) from the SEAA (No. 8) special fundRESOLUTION NO. 1352
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 Redevelopment Commission ( "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 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 Eight Hundred Thirty-five Thousand, Two Hundred Seventy -five Dollars and Sixty -
eight Cents ($835,275.68) 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 7, 1995 at 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
June 16, 1995, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPM NT COMMISSION
President - -
ATTEST:
Robert W. Hunt, Secretary
ML:Res1352
RESOLUTION NO. 1352
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) and IC 36- 7- 14- 25.1(a)
in a total amount not to exceed $835,275.68.