HomeMy WebLinkAbout5A4 Resolution No. 3474 (Fund 435 Douglas Rd 2019)RESOLUTION NO. 3474
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM
ALLOCATION AREA NO. 1 FUND FOR THE PAYMENT OF CERTAIN
OBLIGATIONS AND EXPENSES RELATED TO THE DOUGLAS ROAD
ECONOMIC 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 December 2, 2005, the Commission adopted Resolution No. 2199 (the
“Declaratory Resolution”) declaring the Douglas Road Economic Development Area (the “Area”)
to be an economic development area within the meaning of the Act and designated the Area as the
Douglas Road Economic Development Area Allocation Area No. 1 (“Allocation Area No. 1”) for
purposes of tax increment financing pursuant to the Act; and
WHEREAS, on December 20, 2005, 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 165-05, in accordance with Indiana Code § 36–7–14–
16; and
WHEREAS, on January 23, 2006, the Common Council of the City approved the order of
the Plan Commission through the adoption of Common Council Resolution No. 3556-06; and
WHEREAS, on February 17, 2006, the Commission held a duly noticed public hearing, in
accordance with Indiana Code § 36–7–14–17 and Indiana Code § 5–3–1; and
WHEREAS, following said hearing, the Commission adopted Resolution No. 2199
confirming the Declaratory Resolution; and
WHEREAS, the Declaratory Resolution created the Douglas Road Economic
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)(1) 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 proposed appropriations from Allocation Area No. 1 Fund 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 January 24, 2019, the Commission adopted Resolution 3468 setting a
public hearing on said appropriations and authorizing the Secretary of the Commission to duly
publish notice of said hearing 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 additional appropriations; and
WHEREAS, the Commission now desires to approve said appropriations in a total amount
of Two Hundred and Eight Thousand Dollars ($208,000);
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The funds from Allocation Area No. 1 Fund in the amount of Two Hundred and
Eight Thousand Dollars ($208,000) are hereby appropriated for paying expenditures.
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 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.
SOUTH BEND REDEVELOPMENT
COMMISSION
________________________
Signature
Marcia I Jones, President
ATTEST: Printed Name and Title
_____________________
Signature
Donald E. Inks, Secretary
Printed Name and Title