HomeMy WebLinkAboutNo. 1139 determining to pay certain expenses incurred for local public improvements in or serving the Studebaker Corridor Allocation Area (No. 6) from the Studebaker Corridor Allocation Area (No. 6) special fundRESOLUTION NO. 1139
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION DETERMINING TO PAY CERTAIN EXPENSES
INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR
SERVING THE STUDEBAKER CORRIDOR ALLOCATION AREA
(SOUTH BEND ALLOCATION AREA NO. 6) FROM THE
STUDEBAKER CORRIDOR ALLOCATION AREA (SOUTH BEND
ALLOCATION AREA NO. 6) SPECIAL FUND
WHEREAS, the South Bend Redevelopment Commission
( "Commission "), governing body of the City of South Bend Department
of Redevelopment ( "Department "), on January 10, 1986, adopted
Resolution No. 762 declaring the Studebaker Corridor Development
Area to be a blighted area within the meaning of IC 36 -7 -14 (the
"Act "); and
WHEREAS, Resolution No. 762 and the Studebaker Corridor
Development Area Plan were confirmed by Resolution No. 764 adopted
on February 14, 1986; and
WHEREAS, Resolution No. 762 has been amended from time to time
pursuant to the provisions of the Act; and
WHEREAS, Resolution No. 762 created the Studebaker Corridor
Allocation Area (South Bend Allocation Area No. 6) and the
Studebaker Corridor Allocation Area (South Bend Allocation Area No.
6) Special Fund ( "Allocation Fund ") for purposes of paying into
such fund property tax proceeds in excess of those described in
Section 39(b)(1) of the Act for the purposes as described in
Section 39(b)(2) of the Act; and
WHEREAS, the Commission desires to pay expenses incurred by it
for local public improvements that are in or serving the Allocation
Area with property tax proceeds deposited in the Allocation Fund
pursuant to the Act; and
WHEREAS, such payments are authorized pursuant to Section
39(b)(2)(J) of the Act and are subject to the provisions of IC
6- 1.1 -18 -5; and
WHEREAS, the expenditures incurred by the Commission proposed
to be paid with property tax proceeds deposited in the Allocation
Fund are described on the attached Exhibit "A "; and
WHEREAS, the Commission desires to approve said payments from
the Allocation Fund in the total amount as described on Exhibit
"A"; and
WHEREAS, the proposed payment from the Allocation Fund as
provided for herein is not for the operating expenses of the
Commission.
NOW, THEREFORE, BE IT RESOLVED, by the South Bend
Redevelopment Commission, governing body of the City of South Bend,
Department of Redevelopment, as follows:
1. The Commission hereby approves the use of funds in the
Allocation Fund in the amount of Fifty -two Thousand Nine Hundred
Fifty Seven Dollars and Sixty -one Cents ($52,957.61) for purposes
of paying the expenditures as described on Exhibit "A ". The
Secretary of the Commission is hereby authorized and directed to
take all necessary steps to obtain the approval of the expenditure
of such funds pursuant to IC 6- 1.1 -18 -5, including the publication
in accordance with IC 5 -3 -1 of notice of a hearing on the
appropriation of such funds to be held at 10:00 a.m., on March 19,
1993 at Room 1308, County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
ADOPTED at a regular meeting of the South Bend Redevelopment
Commission held on March 5, 1993, at 1308 County -City Building, 227
West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
B
Y•
Paula N. Auburn, President
ATTEST:
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IVA
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-• F. ShArp, ' - .-
Res1139
EXHIBIT "A"
Description of Exuenditure
For local public improvements in or serving the Studebaker Corridor
Allocation Area (South Bend Allocation Area No. 6) 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 $52,957.61.