HomeMy WebLinkAboutNo. 1173 supplemental appropriation resolution of the City of South Bend Redevelopment CommissionRESOLUTION NO. 1173
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the
"Commission "), has heretofore on June 18, 1993, adopted Resolution
No. 1172, the provisions of which Resolution are hereby included
herein by this reference thereto, determining to make lease
payments for local public improvements that are in or serving the
Airport Economic Development Area No. 1 ( "Allocation Area No. 111)
(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 IC 36- 7- 14- 39(b)(2)(F); and
WHEREAS, the amount of funds in the Allocation Fund proposed
to be expended for said expenses incurred by the Commission is One
Hundred Sixty -four Thousand Dollars ($164,000.00); and
WHEREAS, the Commission did not include said funds in any
regular budget for the year 1993; 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 16, 1993, 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 Sixty -four Thousand Dollars ($164,000.00) be, and they are
hereby, appropriated from the Allocation Fund for the purpose of
making lease rental payments during 1994 on the Lease 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 July 16, 1993, at 1308 County -City Building, 227
West Jefferson Boulevard, South Bend, Indiana 46601.
Thed F. Sharp -- -
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SOUTH BftD REDEVELOPME44T COMMISSION
By: V.
Paula N. Auburn, President
RESOLUTION NO. 1173
EXHIBIT "A"
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Appropriation of tax increment in the Airport Economic
Area Allocation Area No. 1 ( "Allocation Area No. 1) fo
lease payments payable for local public improvements i n
the allocation Area payable pursuant to IC36- 7- 14 -39(b)
total amount not to exceed $164,000.00.
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