HomeMy WebLinkAboutNo. 1042 supplemental appropriation resolution of the COSBRCA
RESOLUTION NO. 1042
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the
"Commission "), has heretofore on March 13, 1992, adopted Resolution
No. 1040, 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 South Bend Central Allocation Area (South Bend
Allocation Area No. 1A) (the "Allocation Area ") with property tax
proceeds 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 -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
Hundred Forty Thousand Dollars ($240,000.00); and
WHEREAS, the Commission did not include said funds in any
regular budget for the year 1992; and
Awl 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
exits 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 March 27, 1992, at
10:00 a.m., E.S.T., at 1200 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
Hundred Forty Thousand Dollars ($240,000.00) 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.
11
ADOPTED at a regular meeting of the South Bend Redevelopment
Commission held on March 27, 1992, at 1200 County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH REDEVELOPMENT COMMISSION
By: �Gc, /J•
Paula N. Auburn, President
ATTEST:
Michael Donoho, Secretary
RES:Res1042
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 $240,000.00.
U.M