HomeMy WebLinkAboutNo. 1272 supplemental appropriation resolution of the COSBRCRESOLUTION NO. 1272
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on July 1, 1994, adopted Resolution No. 1271, 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 Airport Economic
Development Area No. 1 ( "Allocation Area No. 1") (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 and 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 -four Thousand, Eight
Hundred Fifty -six Dollars and Ninety -six Cents ($134,856.96); and
WHEREAS, the Commission did not include said funds in any regular budget for the
year 1994; 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 15, 1994, 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 -four
Thousand, Eight Hundred Fifty -six Dollars and Ninety -six Cents ($134,856.96) 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.
E
ADOPTED at a regular meeting of the South Bend Redevelopment Commission held
cw on July 15, 1994, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH,7 REDEVELOPMENT COMMISSION
By:
Paula N. Auburn, President
ATTEST:
ML: Res 1272
0
RESOLUTION NO. 1272
E 1H0 BIT "A"
Appropriation of tax increment in the Airport Economic Development Area Allocation Area
No. 1 ( "Allocation Area No. 1) for making local public improvements in or serving the
Airport Economic Development Area Allocation Area No. 1 ( "Allocation Area No. 1") 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 $134,856.96.
ML: Res 1272