HomeMy WebLinkAboutNo. 3236 appropriating tax increment financing revenues from Allocation Area No. 1A Fund for the payment of certain obligations and expenses related to the Downtown Medical Services District 1
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1 RESOLUTION NO. 3236
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM
ALLOCATION AREA NO. 1A FUND FOR THE PAYMENT OF CERTAIN
OBLIGATIONS AND EXPENSES RELATED TO THE DOWNTOWN MEDICAL
SERVICES DISTRICT
WHEREAS, the South Bend Redevelopment Commission ("Commission"), governing
body of the City of South Bend Department of Redevelopment("Department"), on May 10, 1985,
adopted Resolution No. 737 declaring the South Bend Central Development Area in the City of
South Bend, Indiana ("City") to be a blighted area within the meaning of the Redevelopment of
Cities and Towns Act of 1953, as amended, Indiana Code § 36-7-14 ("Act"); and
WHEREAS, Resolution No. 737 and the South Bend Central Development Area
Development Plan ("Development Plan") adopted by Resolution No. 737 on May 10, 1985, were
confirmed by Resolution No. 739 adopted on June 14, 1985; and
WHEREAS, Resolution No. 737 has been amended from time to time pursuant to the
provisions of the Act; and
WHEREAS, Section 43 of the Act permits the creation of an allocation area within a
redevelopment area to provide for the allocation and distribution, as provided by the Act, of the
proceeds of taxes levied on property situated in the allocation area; and
WHEREAS, the Commission, in accordance with the Act, has previously established the
South Bend Central Allocation Area (South Bend Allocation Area No. 1A) and the South Bend
Central Development Area(South Bend Allocation Area No. 1A) Special Fund; and
WHEREAS,the Commission further adopted Resolution No. 1737 creating the Downtown
Medical Services District (the "Allocation Area") within the South Bend Central Allocation Area
(South Bend Allocation Area No. 1A) and establishing the Downtown Medical Services District
Special Fund (the "Allocation Fund"), for the purpose of depositing into such Allocation Fund tax
increment revenues allocated to the Commission and resulting solely from the increase in the
assessed value of real property and improvements thereon located in Allocation Area pursuant to
Indiana Code § 36-7-14-39(b)(1) and from the proceeds from the sale or leasing of property in
the Area under Indiana Code § 36-7-14-22, all in accordance with Indiana Code § 36-7-14-26;
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WHEREAS,the Commission desires to pay certain expenses incurred by it or the City for
local public improvements that are in or serving the Allocation Area, including but not limited to
debt service and lease payment for said improvements, from funds remaining in the Allocation
Fund, in accordance Indiana Code § 36-7-14-39(b)(2) and certain other expenditures incurred by
the Commission in accordance with Indiana Code § 36-7-14-39(b)(2); and
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WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission
proposed to be paid with funds from Allocation Fund are described on the attached Exhibit A; and
WHEREAS, the proposed appropriations from Allocation Fund are not for the operating
expenses of the Commission; and
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WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6-1.1-
18-5; and
WHEREAS,the amount of funds in the Allocation Fund proposed to be expended for said
expenses incurred by the Commission is One Million Six Hundred Ten Thousand Nine Hundred
3 Eight and 00/100 Dollars ($1,610,908.00) and
1 WHEREAS, on September 11, 2014, the Commission adopted Resolution 3232 setting a
Ipublic hearing on said appropriations for 9:30 a.m. on October 16, 2014 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 16, 2014, 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
A express their views as to such additional appropriations; and
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WHEREAS,the Commission now desires to approve said appropriations in a total amount
of is One Million Six Hundred Ten Thousand Nine Hundred Eight and 00/100 Dollars
($1,610,908.00);
NOW,THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
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A1. 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
1 of such amount from Allocation Fund.
2. The funds from Allocation Fund in the amount of One Million Six Hundred Ten
Thousand Nine Hundred Eight and 00/100 Dollars($1,610,908.00)are hereby appropriated for the
purpose of paying the expenditures described at Exhibit A.
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4 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
1 herein. Any surplus of such proceeds shall be credited to the proper fund as provided by law.
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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
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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.
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ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on
October 16, 2014 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
I SOUTH BEND REDEVELOPMENT
COMMISSION
1 Signature
Marcia I. Jones, President
ATT T: / ' Printed Name and Title
Sig .lure
Donald E. Inks, Secretary
Printed Name and Title
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EXHIBIT A
CENTRAL MEDICAL SERVICES DISTRICT-FUND 426
2015 BUDGET SUMMARY
2015
Appropriation
Debt Service:
Debt Service Payments 0
Total Debt Service 0
• Infrastructure Projects Underway, Not Completed
Total Infrastructure Underway, Not Completed 0
Other Activities:
Total Other Activities 0
Development Opportunity Reserve: 1,610,908
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Infrastructure Planned:
(Could include the following projects)
Bartlett Improvements
Leeper Park/Lafayette Improvements
Parking Lot&Streetscape Improvements
Total Infrastructure Planned 0
!. Total Appropriation 1,610,908
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