HomeMy WebLinkAboutNo. 1159 determining to pay certain expenses incurred for local public improvements in or serving the SEDA allocation area (No. 8) from the SEDA allocation area (No. 8) special fundRESOLUTION NO. 1159
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION DETERMINING TO PAY CERTAIN EXPENSES
INCURRED FOR LOCAL PUBLIC RAPROVEIV M IN OR
SERVING THE SAMPLE - EWING ALLOCATION AREA
(SOUTH BEND ALLOCATION AREA NO. 8) FROM THE
SAMPLE -SWING ALLOCATION AREA (SOUTH BEND
ALLOCATION AREA NO. 8) SPECIAL FUND
WAS, the South Bend Redevelopment Commission ( "Commission "), governing body of
the City of South Bend Department of Redevelopment ( "Department "), on April 16, 1993, adopted
Resolution No. 1151 declaring the Sample -Ewing Development Area to be a blighted area within the
meaning of IC 36 -7 -14 (the "Act "); and
WHEREAS, Resolution No. 1151 and the Sample -Ewing Development Area Plan were
confirmed by Resolution No. 1154 adopted on May 21, 1993; and
WIMREAS, Resolution No. 1151 created the Sample -Ewing Allocation Area (South Bend
Allocation Area No. 8) and the Sample -Ewing Allocation Area (South Bend Allocation Area No. 8)
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
WIE REAS, 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
WAS, 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 Two Million ($2,000,000) 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 June 18, 1993 at 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 June
41 1993, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
By: QI& ti,
Paula N. Auburn, President
ATTEST:
RES 1159
RESOLUTION NO. 1159
EXFIIBTT "A"
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.