HomeMy WebLinkAboutResolution No. 3310 Appropriating Funds Certified Technology ParkRESOLUTION NO. 3310
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING FUNDS FROM THE CERTIFIED TECHNOLOGY 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 oflndiana 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 oflndiana 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 25, 2015, the Commission adopted Resolution No. 3301 setting
a public hearing on said appropriations for 9:30 a.m. on October 15, 2015, 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 15, 2015, 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 Two Million Five Hundred Fifty Thousand and 00/100 Dollars ($2,550,000.00);
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. The funds from the Certified Technology Fund in the amount of Two Million Five
Hundred Fifty Thousand and 00/100 Dollars ($2,550,000.00) are hereby appropriated for the
purpose of paying the expenditures described at Exhibit A.
2. 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 15, 2015, at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend,
Indiana 46601.
/~:!~-~ ~--
L ~
David A. Varner, Vice-President
Printed Name and Title
SOUTH BEND REDEVELOPMENT
OMMISSION
Marcia I. Jones, 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 Two Million Five Hundred Fifty Thousand and
00/100 Dollars ($2,550,000.00).