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MEMORANDUM
TO: Redevelopment Commission
FROM: Beth Leonard Inks 6�1-
RE: Resolution #3156 Setting October 10, 2013 Public Hearing for 2014 TIF Appropriations
DATE: September 9, 2013
Attached is a resolution setting the public hearing on the appropriations for 2014 TIF Funds.
I would be happy to answer any questions you may have on this matter.
S.- ECONDEPOrdinances ResohaionsC013 Appropriation OrdinancesCOU Appropriation Ordinances lRES3156 Selling Pub Hrg on TIF
Approps.doc
RESOLUTION NO. 3156
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
SETTING A PUBLIC HEARING ON THE APPROPRIATION OF TAX INCREMENT
FINANCING REVENUES FROM VARIOUS ALLOCATION AREAS FOR THE
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 -17, 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 tax increment financing pursuant to the Act; and
WHEREAS, the Commission has further created allocation area funds for the purpose of receiving
tax increment financing revenues received from the allocation areas; and
WHEREAS, there have been presented to the Commission Resolutions No. 3159 through 3169
appropriating the funds fi•om various allocations areas of the District (collectively, the "Resolutions "): 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 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;
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 their respective Resolutions, which allocation areas, resolutions and not -to- exceed appropriation
amounts are set forth below:
Allocation Area and Fund
Resolution No.
Not -to- Exceed
Airport Economic Development Area,
Resolution No.
3159
$20,325,432
Allocation Area No. 1 Fund
South Bend Central Development Area,
Resolution No.
3160
$5,667,711
(South Bend Allocation Area No. 1 A) Special
Fund
West Washington Allocation Area
Resolution No.
3161
$648,915
(South Bend Allocation Area No. 7)
Special Fund
Downtown Medical Services District
Resolution No.
3162
$3,702,500
Special Fund
Northeast Neighborhood Development Area
Resolution No.
3163
$2,350,000
No. 1 Fund
Northeast Neighborhood Development Area
Resolution No.
3164
$3,323,228
No. 2 Fund
South Side Development Area,
Resolution No.
3165
$5,700,000
Allocation Area No. 1 Fund
South Side Development Area
Resolution No.
3166
$493,495
Allocation Area No. 3 Fund
Douglas Road Economic
Resolution No.
3167
$345,463
Development Area No. I Fund
Airport Bond Debt Service Reserve
Resolution No.
3168
$5,000
Downtown Bond Debt Service Reserve
Resolution No.
3169
$6,000
2. The President and Secretary of the Commission are each hereby authorized and directed to take
all necessary steps to obtain 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 October 10, 2013 at 1308 County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Signature
Printed Name and Title
ATTEST:
Signature
Printed Name and Title
S: IECONDEFOrdinances Resolutions12013 Appropriation Ordinances11014 Appropriation OrdinanceslRES3156 Setting Pub Hrg on T1F
Approps.doc