HomeMy WebLinkAboutagenda report 2015 0115 rdc 06f2MEMORANDUM
TO: Redevelopment Commission
r
FROM: Beth Leonard Inks
ITEM: 6.F.(2)
RE: Resolution #3268 Setting February 12, 2015 Public Hearing for Additional 2015
Redevelopment Appropriations
DATE: January 9, 2015
Attached is a resolution setting the public hearing on additional appropriations for 2015
Redevelopment Funds.
I would be happy to answer any questions you may have on this matter.
S.• I ComminvestWanagementt4dministrative Working FileslRedevelopment Commission AdminL4pproriation Resolutions for Commission12015
Appropriation OrdinancesVZES3268 Setting Pub Hrg on Add4 TIFApprops.docx
RESOLUTION NO. 3268
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON THE APPROPRIATION OF REDEVELOPMENT
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. 3270 through
3272 and Resolution No. 3266 appropriating funds from 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:
Resolution No. 3268
Page 2
Allocation Area and Fund Resolution No.
River West Economic Development Area Resolution No. 3269
Allocation Area No. 1 Fund
Downtown Medical Services District Resolution No. 3270
Special Fund
River East Neighborhood Development Resolution No. 3271
Area No. 1 Fund
South Side Development Area Resolution No. 3272
Allocation Area No. 3 Fund
Certified Technology Park Fund Resolution No. 3266
Not -to- Exceed
$27,000,000
'•:• 111
$5,800,000
$202,000
$3,451,000
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 February 12,
2015, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
REDEVELOPMENT COMMISSION OF THE
CITY OF SOUTH BEND
Signature
Printed Name and Title
ATTEST:
Signature
Printed Name and Title
S. IComminvestlManagementL4dministrative Working FileslRedevelopment Commission Adminupproriation Resolutions for Commission12015
Appropriation OrdinancesIRES3268 Setting Pub Hrg on Add7 TIFApprops.docx