HomeMy WebLinkAboutNo. 1345 supplemental appropriation resolution of the COSBRC SBCDARESOLUTION NO. 1345
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 19, 1995, adopted Resolution No. 1344, 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. 1A) (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 $25,000.00; 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 June 2, 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 Twenty -five Thousand Dollars
($25,000.00) 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 June 2, 1995, at 1308 County -City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
ATTEST:
Robert W. Hunt, Secretary
ML: Res 1345
SOUTH BEND REDEVELOPMENT COMMISSION
By:
Philip J. Fa n ,President
RESOLUTION NO. 1345
EX MIT "A"
Description of Expenditure
For local public improvements in or serving the South Bend Central Allocation Area (South Bend
Allocation Area No. 1A) as may be authorized by IC 36- 7- 14- 39(b)(2)(J) in a total amount not
to exceed $25,000.00.