HomeMy WebLinkAboutNo. 0021 issuance of bonds in the amount of $1,100,000, acquisition cost, clearance and renewal of property described in Res. No. 14RKSOIL.UT101 IlwTo Z I
, this Commission has heretofore on the 7th day of July, 1960,
authorized the issuance of bonds in the amount of $1, 100, 000 to pay the cost of
acquisition, clearance and renewal of the property described in Resolution No. 14
and all expenses necessarily incurred in connection with said proceedings; and
REAS, the Commission did not include the proceeds of said bonds in
the regular budget for the year 1961; and
REAS, the Executive Secretary of this Commission gave notice of the
hearing §n the matter of appropriating the proceeds of said bonds as required by
law; and
, such public hearing was held on July 21, 1960, at 10:00 A.M.,
Central tandard Time (11 :00 A.M., Daylight Saving Time) at the office of the
Commis ion and all taxpayers or interested persons desiring to be heard in re-
gard to s�a.id appropriation were heard; now therefore,
IT RESOLVED by the South Bend Redevelopment Commission that:
1 � An extraordinary emergency exists for the making of additional ap-
propriation by the South Bend Redevelopment Commission in the amount of
$1, 100, 0 0 to be appropriated on the cost of acquisition, clearance and renewal
of the pr perty described in Resolution No. 14 and also expenses necessarily
incurred lin connection with said proceedings.
2 � The proceeds of the bonds of said District in the amount of $1, 100, 000
heretofore authorized to be issued, be appropriated for the purposes set forth
herein; tl at such appropriation shall be in addition to all appropriations provided
for in th� existing budget and levy, and shall continue in effect until the comple-
tion of said project.
A OPTED at the regular meeting of the South Bend Redevelopment Com-
mission eld on July 21, 1960, at the office of the Commission, 129 West Colfax
Avenue ,
ATTEST:
Bend, Indiana.
cultve becretary
SOUTH BEND REDEVELOPMENT COMMISSION
By
Fred J. Helmen, President