HomeMy WebLinkAboutNo. 3040 setting a public hearing on the appropriation of SBCDA TIF revenues for payment of certain obligations/expenses related to their respective allocation areas/other related mattersC�J
RESOLUTION NO. 3040
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON THE APPROPRIATION OF SOUTH BEND
CENTRAL DEVELOPMENT AREA TAX INCREMENT FINANCING REVENUES FOR
PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THEIR
RESPECTIVE ALLOCATION AREAS AND OTHER RELATED MATTERS
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 (the "District "), exists and operates under the provisions of
Indiana Code § 36- 7- 32 -23, as amended (the "Act "); and
WHEREAS, the Commission, from time to time, has declared, confirmed and established
allocation areas for areas needing redevelopment and economic development areas within the District for
purposes of certified technology park funds pursuant to the Act; and
WHEREAS, there have been presented to the Commission Resolution No. 3041 appropriating the
funds of the District (the "Resolution'): and
WHEREAS, the Commission desires to appropriate the allocation area funds to pay certain
expenses incurred by it or the City for local public improvements that are in or serving their respective
allocation areas, which appropriations are set forth in more detail in the Resolutions; and
WHEREAS, such appropriation is subject to the provisions of Indiana Code § 6- 1.1 -18 -5; and
WHEREAS, the proposed appropriation is not for the operating expenses of the Commission; and
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The Commission desires to approve the use of the funds of the various allocation areas, as set
forth in the following Resolution, which appropriation amount is set forth below:
Allocation Area and Fund Resolution No. Not -to- Exceed
South Bend Central Development Area Fund Resolution No. 3041 $822,500
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2. The President and Secretary of the Commission are each hereby authorized and directed to
take all necessary steps to obtain the approval of the expenditures of such funds pursuant to Indiana Code
§ 6- 1.1 -18 -5, including the publication in accordance with Indiana Code § 5 -3 -1 of notice of a hearing on
the appropriation of such funds to be held at 9:30 a.m. on June 28, 2012, at 1308 County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on May 31, 2012 at
1308 County -City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDS LOPMENT COMMISSION
Signature
Marcia L Tones, aP_.i dPnt
Printed Name and Tide
ATTEST:
Siinkure
Donald Alford, Sr., Secretary
Printed Name and Title
F: IDATAISHAREIECONDEVOrdinances Resolutions C012 Appropriation Ordinances�Res3035 req for pub hrg 2012 Addl SBCDA.doc