HomeMy WebLinkAboutNo. 0911 supplemental appropriation resolution of the COSB Redevelopment Commission (Allocation Area No. 1A)RESOLUTION NO. 911
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
WHEREAS,
the South
Bend Redevelopment
Commission (the
"Commission "),
has heretofore
on February 9, 1990,
adopted Resolution
No. 910, 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 One
Hundred Thousand Dollars ($100,000.00); and
WHEREAS, the Commission did not include said funds in any regular
budget for the year 1990; and
WHEREAS, there are insufficient funds available or provided for
in the existing budget and tax levy which may be applied to such
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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
WHEREAS, such public hearing was held on February 23, 1990, 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 One Hundred
Thousand Dollars ($100,000) 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 levying, 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.
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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 February 23, 1990, at 1200 County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
Roman Piasecki, Secretary
f� r-IMNK
SOUTH BEND REDEVELOPMENT COMMISSION
Jay Nim z, Pre 'dent
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Description of Expenditure
Public Improvements
Consultants for acquisition
Property Management
EXHIBIT "A"
Amount
$30,000
& redevelopment activities 45,000
TOTAL
25,000
$100,000