HomeMy WebLinkAbout1995-12-12 Resolution 104+-_
RESOLUTION NO. 104
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT AUTHORITY
(SOUTH BEND CENTRAL ALLOCATION AREA)
V'i~I~REAS, the South Bend Redevelopment Authority (the "Authority"), has heretofore
effective December 1, 1995, adopted Resolution No. 103, the provisions of which Resolution
are hereby included herein by this reference thereto, determining to pay expenses incurred by
the Authority for local public improvements that are in or serving the South Bend Central
Allocation Area (South Bend Allocation Area No. lA) (the "Allocation Area") with proceeds
from the sale of certain improvements that have been paid into the South Bend Redevelopment
Authority General Fund; and
WHEREAS, the Authority did not include said funds in any regular budget for the year
1995; and
WI~REAS, there are insufficient funds available or provided for in the existing budget
which may be applied to such expenses and the expenditure of such amount from the South Bend
• Redevelopment Authority General Fund has been authorized by the Authority to procure the
necessary funds and necessity exists for the making of the additional appropriation set out herein;
and
WHEREAS, the Secretary of the Authority has caused notice of a hearing on said
appropriation to be published as required by law; and
WHEREAS, such public hearing was held on December 12, 1995, at 4:30 p. m. , E. S . T. ,
at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, on
said appropriation at which all taxpayers and interested persons had an opportunity to appear and
express their views as to such additional appropriation.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Authority
that:
1. Funds from the South Bend Redevelopment Authority General Fund in the amount
of Six Hundred Thousand Dollars ($600,000.00) be, and they are hereby, appropriated by the
Authority for the purpose of providing funds to be applied to pay the expenses incurred by the
Authority for construction/engineering costs associated with the College Football Hall of Fame
in the South Bend Central Development Area.
2. Such appropriation shall be in addition to all appropriations provided for in the
existing budget and shall continue in effect until the completion of the activities described in
Section 1 above. Any surplus of such proceeds shall be credited to the proper fund as provided
by law.
ADOPTED at a rescheduled regular meeting of the South Bend Redevelopment Authority
held on December 12, 1995, at 1308 County-City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND REDEV/E ILOPMENT AUTHORITY
By: ~ ~f1 ~ p
Jose W. Wroblewski, President
ATTEST:
-i~i~~-~A:-.FrrliC, Secretary
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RESOLUTION NO. 104
EX~IIBIT "A"
Description of Expenditure
For local public improvements in or serving the South Bend Central Allocation Area (South
Bend Allocation Area No. lA) in a total amount not to exceed $600,000.00.