HomeMy WebLinkAbout5A3 Resolution No. 3473 (South Side Development Area #1 General)RESOLUTION NO. 3473
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM
ALLOCATION AREA N0.1 FUND FOR THE PAYMENT OF CERTAIN
OBLIGATIONS AND EXPENSES RELATED TO THE SOUTH SIDE DEVELOPMENT
AREA ALLOCATION AREA NO. 1
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, on November 1, 2002, the Commission adopted Resolution No. 1914 (the
"Declaratory Resolution") declaring the South Side Development Area (the "Area") to be an area
needing redevelopment within the meaning of the Act and designated the Area as the South Side
Development Area Allocation Area No. 1 ("Allocation Area No. 1 ") for purposes of tax increment
financing pursuant to the Act; and
WHEREAS, on November 19, 2002, the Area Plan Commission of St. Joseph County
("Plan Commission") issued its written order approving the Declaratory Resolution by the
adoption of Plan Commission Resolution 142-02, in accordance with Indiana Code § 36-7-14-
16; and
WHEREAS, on November 25, 2002, the Common Council of the City approved the order
of the Plan Commission through the adoption of Common Council Resolution No. 3136-02; and
WHEREAS, on December 20, 2002, the Commission held a duly noticed public hearing,
in accordance with Indiana Code § 3 6-7-14-17 and Indiana Code § 5-3-1 ; and
WHEREAS, following said hearing, the Commission adopted Resolution No. 1928
confirming the Declaratory Resolution; and
WHEREAS, the Declaratory Resolution created the South Side Development Area
Allocation Area No. 1 Fund ("Allocation Area No. 1 Fund") for the purpose of depositing into
such fund tax increment revenues allocated to the Commission and resulting solely from the
increase in the assessed value of real property and improvements thereon located in
Allocation Area No. 1 pursuant to Indiana Code§ 36-7-14-39(b)(l) and from the proceeds from
the sale or leasing of property in the Area under Indiana Code § 36� 7-14-22, all in accordance
with Indiana Code§ 36-7-14-26; and
WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for
local public improvements that are in or serving Allocation Area No. 1 from funds remaining in
the Allocation Area No. 1 Fund, in accordance Indiana Code § 36-7-14-39(b )(2) and certain other
expenditures incurred by the Commission in accordance with Indiana Code§ 36-7-14-39(b)(2);
and
WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission
proposed to be paid with funds from Allocation Area No. 1 Fund; and
WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund 430 are not for
the operating expenses of the Commission; and
WHEREAS, on January 24, 2019, the Commission adopted Resolution 3468 setting a
public hearing on said appropriations, which public hearing, pursuant to the Commission's
action acknowledged at its public meeting on February 14, 2019; 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
February 14, 2019 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 appropriations; and
WHEREAS, the Commission now desires to approve said appropriations in a total amount
of Five Million Three Hundred Thousand Dollars and 00/100 ($5,300,000.00);
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The funds from Allocation Area No. 1 Fund 430 in the amount of
Five Million Three Hundred Thousand Dollars and 00/100 ($5,300,000.00) are hereby
appropriated.
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
February 14, 2019 at 1308 County-City Building, 227 W. Jefferson Boulevard, South
Bend, Indiana 46601.
Donald E. Inks, Secretary
Printed Name and Title
SOUTH BEND REDEVELOPMENT
COMMISSION -Signature Marcia 1. Jone
Printed Name and Title
Signature
ATTEST