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HomeMy WebLinkAbout5A7 Resolution No. 3455 (Certified Tech Park)RESOLUTION NO. 3455 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING FUNDS FROM THE CERTIFIED TECHNOLOGY PARK FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE CERTIFIED TECHNOLOGY PARK WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the Department of Redevelopment of the City of South Bend, Indiana (the “City”) and the City of South Bend, Indiana, Redevelopment District, exists and operates under the provisions of Indiana Code § 36-7-14, as amended (the “Act”); and WHEREAS, upon application made by the Commission, the Indiana Economic Development Corporation, on January 1, 2009, designated and established the Certified Technology Park within Ignition Park (the “Area”) to be a certified technology park within the meaning of Indiana Code § 36-7-32-11; and WHEREAS, the Commission designated the Area as the Certified Technology Park Allocation Area (“Allocation Area”) for purposes of the allocation and distribution of property taxes; and WHEREAS, the proposed appropriations from the Certified Technology Fund comply with the requirements of Indiana Code § 36-7-32-23 and are not for the operating expenses of the Commission; and WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6–1.1– 18–5; and WHEREAS, on September 13, 2018, the Commission adopted Resolution No. 3348 setting a public hearing on said appropriations for 9:30 a.m. on October 11, 2018, and authorizing the Secretary of the Commission to duly publish notice of said hearing; and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission’s meeting at 9:30 a.m. on October 11, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriations; and WHEREAS, the Commission now desires to approve said appropriations in a total amount of Six Hundred Twenty-Five Thousand and 00/100 Dollars ($625,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The funds from the Certified Technology Fund in the amount of Six Hundred Twenty-Five Thousand and 00/100 Dollars ($625,000.00) are hereby appropriated for the purpose of paying the expenditures described at Exhibit A. 2. The President and/or the Secretary of the Commission 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 Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on October 11, 2018, at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ______________________________ Signature Marcia I. Jones, President _________ ATTEST: Printed Name and Title ______________________________ Signature Donald E. Inks, Secretary_________ Printed Name and Title EXHIBIT A Appropriation of funds in the Certified Technology Park Fund for certain expenditures incurred by the Commission and described at Indiana Code § 36-7-32-23 and certain other expenditures incurred by the Commission for local public improvements or otherwise authorized by Indiana Code § 33-7-32-23 in a total amount not to exceed Six Hundred Twenty-Five Thousand and 00/100 Dollars ($625,000.00).