HomeMy WebLinkAboutNo. 1161 supplemental appropriation resolution of the COSB Redevelopment CommissionRESOLUTION NO. 1161
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the "Commission "), has heretofore
on June 4, 1993, adopted Resolution No. 1159, 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 Two Million Dollars ($2,000,000.00); 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
ce 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
WIURZPAS, such public hearing was held on June 18, 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 Two Million Dollars ($2,000,000.00)
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
June 18, 1993, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOPMENT CONDMSION
By: & /),
Paula N. Auburn, President
ATTEST:
Theo F. Sharp,- &rotary
RES:Res1161
RESOLUTION NO. 1161
E=MIT "A"
W 114 : 1 �.
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)(n and IC 36- 7- 14- 25.1(a) in
a total amount not to exceed $2,000,000.00.