HomeMy WebLinkAboutNo. 3172 appropriating funds from Certified Technology ParkRESOLUTION NO. 3172
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING FUNDS FROM THE CERTIFIED TECHNOGY PARK FUND
FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES
RELATED TO THE CERTIFIED TECHNOLOGY PARK
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, exists and operates under the
provisions of Indiana Code § 36 -7 -14, as amended (the "Act "); and
WHEREAS, upon application made by the Commission, the Indiana Economic
Development Corporation, on January 1, 2009, designated and established the Certified Technology
Park within Ignition Park (the "Area ") to be a certified technology park within the meaning of
Indiana Code § 36- 7- 32 -11; and
WHEREAS, the Commission designated the Area as the Certified Technology Park
Allocation Area ( "Allocation Area ") for purposes of the allocation and distribution of property taxes;
and
WHEREAS, the proposed appropriations from the Certified Technology Fund comply with
the requirements of Indiana Code § 36- 7 -32 -23 and are not for the operating expenses of the
Commission; and
WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6- 1.1 -18—
5; and
WHEREAS, on September 12, 2013, the Commission adopted Resolution No. 3156 setting a
public hearing on said appropriations for 9:30 a.m. on October 10, 2013, and authorizing the
Secretary of the Commission to duly publish notice of said hearing; and
WHEREAS, the Secretary of the Commission has caused notice of said hearing on said
appropriations to be published in accordance with law; and
WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on
October 10, 2013, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and
express their views as to such additional appropriations; and
WHEREAS, the Commission now desires to approve said appropriations in a total amount
of Three Million Six Hundred Thousand and 00 /100 Dollars ($3,600,000.00);
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. The Commission hereby finds that there are insufficient funds available or provided
for in the existing budget and tax levy which may be applied to such expenses and the expenditure of
such amount from the Certified Technology Park Fund.
2. The funds from the Certified Technology Fund in the amount of Three Million Six
Hundred Thousand and 00 /100 Dollars ($3,600,000.00) are hereby appropriated for the purpose of
paying the expenditures described at Exhibit A.
3. Such appropriations shall be in addition to all the appropriations provided for in the
existing budget and levy and shall continue in effect until the completion of the activities described
herein. Any surplus of such proceeds shall be credited to the proper fund as provided by law.
4. The President and/or the 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 St. Joseph County Auditor for certification to the Indiana Department of Local
Government Finance for the purpose of obtaining its approval of the appropriations herein made.
ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
October 10, 2013, at 1308 County -City Building, 227 W. Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
Signature
.TnPS _ PrPgi dent
ATTEST' Printed Name and Title n
`� Si atur
David A. Varner, Vice - President
Printed Name and Title
EXHIBIT A
Appropriation of funds in the Certified Technology Park Fund for certain expenditures
incurred by the Commission and described at Indiana Code § 36- 7 -32 -23 and certain other
expenditures incurred by the Commission for local public improvements or otherwise authorized by
Indiana Code § 33- 7 -32 -23 in a total amount not to exceed Three Million Six Hundred Thousand and
00 /100 Dollars ($3,600,000.00).