HomeMy WebLinkAbout6.H.(4) Filing Resolution No. 2532
RESOLUTION NO. 2532
A RESOLGTION OF THE SOCTH BEND REDE~~ELOP~~IENT C0~1'~11SSION
SETTING A NUBLIC HEARING ON THE APPROPRlAT10N OF TAX WCRE~IENT
FINANCING REVENUES FR0~1 VARIOUS ALLOCATION .AREAS FOR THE
PAV~IENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATEU TO THEIR
RESPEC~CIVE ALLOCAI~ION AREAS AND OTHER RELATED J9A"hTERS
~ I II~:RI:AS_ the South Rcnd Rafe~~clopmcnt Commission (the "Commission'), the
~~o~°crnin~~ bode of the Department oi~Rcde~~clopment of the Cite ol~Soulh Rend. Indian~i (the "City ~)
and the City of South Rend. Indiana. Redcrclopment District (the "DisU~ict°), exists and operates
under the pro~~isions of Indiana Code ~ i6-7-1-1. as amended (lhe -'Act"). and
WHEREAS. the Commission, from time to time. has declared. confirmed and established
allocation areas for areas necdin~a redevclo~~mcnt and economic de~~clopment areas ~~'ithin the
District for purposes of tax increment {inancing pursuant to the Act: and
1~%HLREAS. Use Commission has fw-ther created ^Ilocation area funds for the pw~xue of
rccci~~ing tax increment financing rep enues recci~ al from the allocation areas: and
WHEREAS. there ha~~c been presented to the Commission Resolutions \o. ?~>? through
~~41 appropriating the t~unds from carious allucati~nas areas of the District (cullccti~cly. the
"Resolutions~~): and
WHL- REAS. the Commission desires to appropriate the allocation area funds to pay certain
expenses incurs{ by it or the City fbr local public impro~~ements that arc in or sen~in~ their
respecti~~c allocation areas. lr~hich appropriations arc set forth in more detail in the Resolutions and
WHEREAS. such appropriations arc subject to the pru~~isions of Indiana Cudc ~ 6-l . l -I 8-~:
and
WHEREAS. the proposed t~ppropriatiuns arc not for the operating expenses of the
Commission: and
\OW.THEREF(~RE. BE IT RESOLVED Bl' THE SOUTE[ RE'~~D REDEVELOPMENT
COM?VIISSION AS FOLLOWS:
1 . l~he Commission desires to appro~c the use of the funds of the carious allocation
areas as set forth in their respccti~e Resolutions. ~~hich allocation areas. resolutions and not-to-
cxceal api>ropriation amounts arc as set forth hclu~~
Allocation Arai and Fund Resolution No. Not-to-Iisceed
Airport Economic Development Arca. Resolution No. ~;3
/111ocation Arca ?~<~. I Fund
South Rcnd Central Uc~~elopment Urea. (South Resolution No. ?i?4
Rend .Allocation Arca N'o. lA} Special I~und
Dm~~nlotin Medical Scr~~iccs District Kcsolution No. ?~,i
Special Fund
\~~est A~-ashin~uton allocation area Resolution No. ?5 ;6
(South Rend allocation Area No. 71 ~ ~ ~~
Special Fund
r~
South Sidc Dc~~clopmcnt Arca, Kcsolution No. 25,7
Allocation /lrca No. I fund
South Side Development Arca Rc~oluuon No. 25~~
Allocation Arca No. ?Fund
South Sidc llcrdo~~mcn~ Arca Kcsolution No. 2i;9
Allocation Area No. ?. fund
Dou~alas Road Economic Kcsolution No. 241)
De~~elupment /Area No. 1 Fund
Northeast Nci~uhborhuod Dc~~clo~~mcnt Ana Resolution Nu. ??-il
No, 1 Fund
Z. The President and Secretary of the Commission arc: each hereby authorized and
directed to take all necessary steps to obtain the appro~~al of the expcndihu~es of such funds pursuant
to [ndiann Codc ~ 6-1. I-I 8-~, including the publication in accordance ~~~ith Indiana Code ~ 5-?-I
of notice of a hearing on the appropriation of such funds to be hdd at 1 O;OU a.m. on January 16.
?009, at 1 X08 County-City Buildin~u, ??7 West Jefferson Boulc~ard. South Bend. Indiana 46601.
ADOPTED at a meeting of the South Bend Rcdc~rlopment Commission held on
December 19. ?008 at 1 X08 County-City Building. ??7 ~?~%. Jefferson Boule~~ard, South Bend,
Indiana 4(601.
SOUTH BEND REDEVELOPMENT
CORD v1ISS[ON
ATTEST:
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