HomeMy WebLinkAboutNo. 0999 supplemental appropriation resolution of the COSB Redevelopment CommissionRESOLUTION NO. 999
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS, the South Bend Redevelopment Commission (the
"Commission "), has heretofore on June 14, 1991, adopted Resolution
No. 998, 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 Fifty Thousand Dollars ($250,000); and
WHEREAS, the Commission did not include said funds in
any regular budget for the year 1991; 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 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 June 28, 1991,
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 Fifty Thousand Dollars ($250,000) 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
co 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
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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 28, 1991, at 1200 County -
City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
ATTEST:
Michael Donoho, Secretary
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01
SOUTH BEND REDEVELOPMENT COMMISSION
BY: " OV,�
Paula N. Auburn, President
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EXHIBIT uAu
Description of Expenditure
For local public improvements in or serving the
South Bend Central Allocation Area (South Bend
Allocation Area No. IA) 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 $250,000.
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