HomeMy WebLinkAboutNo. 1129 supplemental appropriation resolution of the COSBRC1 �
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RESOLUTION NO. 1129
S0PPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the.
"Commission"), has heretofore on January 4, 1993, adopted Resolution
No. 1128, the provisions of which Resolution are hereby included.
herein by this reference thereto, determining to pair 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 lease rental
revenues generated from lease of property in or serving Allocation
Area 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 -26, 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 Fifty -two
Thousand Dollars ($52,000.00); 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
to meet the expenses incurred by the Commission for local public
improvements in or serving the Allocation Area and a 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 5, 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 view's as to such additional appropriation.
NOW, THF.REFOR.E, BE IT RESOLIVED by the Commission that.:
1. Funds from the Allocation. Fund in the amount of Fifty -two
Thousand.Dollars ($52,000.00) be, and they are hereby, appropriated
by the Commission for the purpose of providing funds 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 5, 1993, at 1308 County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH END REDEVELOPMENT COMMISSION
By: Cc� �V ,���/L✓�
Paula N. Auburn, President
ATTEST:
Theo F. Sharp, Secr,6tary
RESO /RES -1112
EXHIBIT "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) and IC 36- 7- 14- 25.1(a) in a
total amount not to exceed $52,000.00.