HomeMy WebLinkAboutNo. 1225 supplemental appropriation resolution of the COSBRC (SEDA)RESOLUTION NO. 1225
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
(SAMPLE EWING DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has
heretofore on February 4, 1994, adopted Resolution No. 1224, 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
Sample -Ewing Allocation Area (South Bend Allocation Area No. 8) (the "Allocation Area ") with
property tax proceeds that have been paid into the Sample -Ewing Allocation Area (South Bend
Allocation Area No. 8) 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 Seven Hundred Fifty Thousand Dollars
($750,000.00); 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 February 18, 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, MERFFORE, BE IT RESOLVED by the Commission that:
1. Funds from the Allocation Fund in the amount of Seven Hundred Fifty Thousand
Dollars ($750,000.00) 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 regular meeting of the South Bend Redevelopment Commission held on
February 18, 1994, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
F.Ivv- _ w
Theo F. Sharp, Secretary
ML:Res1225
RESOLUTION NO. 1225
E=IT "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 $750,000.00.