HomeMy WebLinkAbout5A2 Resolution No. 3512 (Additional 2019 TIF Appropriations -RWDA No. 1)1
RESOLUTION NO. 3512
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON ADDITIONAL 2019 APPROPRIATIONS OF TAX
INCREMENT FINANCING REVENUES FROM
THE RIVER WEST DEVELOPMENT AREA ALLOCATION AREA 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 (the “District”), exists and
operates under the provisions of Indiana Code 36-7-14, as amended (the “Act”); and
WHEREAS, in accordance with the Act, the Commission, from time to time, has declared,
confirmed, and established allocation areas for certain redevelopment and economic development
areas within the District for the purposes of tax increment financing; and
WHEREAS, the Commission has further created allocation area funds for receiving tax
increment revenues received from the allocation areas; and
WHEREAS, the Commission previously was presented with Resolution No. 3471, which
it approved on February 14, 2019, appropriating tax increment financing revenues from River West
Development Area Allocation Area No. 1 Fund 324; and
WHEREAS, one expenditure for which the monies were appropriated in Resolution No.
3471 was incorrectly set forth, causing a deficit; and
WHEREAS, the Commission desires to cause the additional appropriation of funds from
the River West Development Area, Allocation Area No. 1, Fund No. 324 in order to pay the
remaining expenses (the "Resolution"); and
WHEREAS, such appropriations are subject to the provisions of Indiana Code 6-1.1-18-5;
and
WHEREAS, the proposed appropriations are not for the operating expenses of the
Commission.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The Commission will appropriate additional funds in the amount of Five Thousand
Eighty Dollars ($5,080.00) from the River West Development Area, Allocation Area No. 1, Fund
324 for the fiscal year ending December 31, 2019.
2. The appropriation approved herein shall be in addition to all appropriations
previously approved by the Commission for fiscal year ending December 31, 2019.
2
3. The President and 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 Department of Local Government Finance.
4. This Resolution will be in full force and effect upon its adoption by the
Commission.
ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
December 12, 2019, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
Marcia I. Jones, President
ATTEST:
______________________________
Quentin M. Phillips, Secretary