HomeMy WebLinkAbout6E (3)MEMORANDUM
TO: Redevelopment Commission
(,"� C- ( 3)
FROM: Beth Leonard Inks
RE: Resolution #3099 Setting November 8, 2012 Public Hearing for Additional NNDA #2
Appropriation
DATE: October 5, 2012
Attached is a resolution setting the public hearing on an additional appropriation for 2012 TIF
Funds in the Northeast Residential Area. The amount listed in this resolution will allow for
repayment into the Major Moves fund.
I would be happy to answer any questions you may have on this matter.
F :IDATAiSHAREIECONDEVIOrdinances Resolutions12012 App-opriation 0I- di77aneeslRes3099 req for pnb hrg add! NNDA Res TIF.doc
RESOLUTION NO. 3099
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON THE APPROPRIATION OF CERTAIN
TIF REVENUES FOR THE
PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THIS
RESPECTIVE ALLOCATION AREA 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. 3100 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
Northeast Neighborhood Development Area Resolution No. 3100 $588,000
No. 2 Fund
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 November 8, 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 October 11,
2012 at 1308 County -City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Signature
Printed Name and Tide
ATTEST:
Signature
Printed Nante and Title
F.• IDAT.9ISHAREIECONDEhIOrdinanees Resolutionsl2012 Appropriation Ordinance.01?es3099 req jorpub hrg add/ NNDA Res T /F.doe