The URL can be used to link to this page

Home My WebLink About6.A.(1)&(2) Public Hearing Resolution NO. 2562~ ~ ~ ~~~ i r RESI~LUTI+~N Nr ~6~ A RES~LUT~(~N ~F THE S[JTH ~E1~D REDE'~ELO~~IVIENT ~(]il1~IISIO~N APPRO~PRIATI TAB ~N~REIVIENT FINAN~CIN~ RE'~EN~]E '~ THE AIRF~RT EI~~NI~IVII DE'~EL~PI~IENT I L~RBA~I ENTERPRISE ~C~~E SPECIAL BONE ~'~]ND FIR THE PAYIV~ENT ~' CERTAIN I~BLICATI[INS A~ EXPENSES RELATED TI3 THE AIRPI~RT EC~NMII~ DE~EL~PENT AREA AND T`HE URBAN ENTERPRISE +~IVE 'WHEREAS, the South Bend Rede~elopn~et~t Con~issxan ~th~ ~`Cammiss~on"'}, the governing body of the ~epartn~ent of Redevelopment ofthe City ofouth Bend, lndiana {tho.~,ityh~~ and the City of South Bend, Indiana, l~.ede~elopnaent District, exists a.nd operates under the p~•ovisions of Indiana Code ~ ~ ~-~~ ~ ~, as amended the "Act"}; and `WHEREAS, on Feb~~uary ~~, l 9~4a the Commiss~an adapted Resolution Rio, 1 ~ the declaring the Airport Ecanoinic Develaprnent Area the "area'"~ to be an economic de~lelopment area within the meaning ofthe Act and designated the Area as the Airport Economic De~relapment Area Allocation Area Na. l ~"Allocation Area No,1 `'} for purposes aftax increment f~nancing pursuant to the Act; and WHEREAS, ~esalution No. '~ 1 ~ and the Airport Economic I~e~elopn~ent Area E~conoiriic Development Plan the "l~eveloptnent Plan"} adopted. by Resolution Ida. 919 on Fehruar~y ~,199~ mere confi~-rr~ed by Resolution ~a. 93 ~ adopted on June 7, I ~~ collectively, the "Declaratory Reolutl~on`,}; and WHEREAS, the Declaratory Resolution created the Airport Economic Development Area Allocation Area No.1 Fund ~"Allocation Area Na.1 Fund'}for the purpose of depositing into such fund tax increrrient revenues allocated to the Commission and resulting solely frorrl the increase in the assessed. value of real property and improvements thereon located in Allocation .Area No. 1 pursuant to Indiana. Code ~ ~-7-14-9~h~~ 1 }and from the proceeds from the sale or leasing of property in the Area under rndiana Code ~ ~-7-14-2, all in accordance with lndiana Code ~ ~--7- 14-2~G; and WHEREAS, the Commission, c~ri April 1 x,1993, adapted Resolution I~o.11 ~ 1 declaring the Sample-E~Wing De4~elaptr~ent Area {"SERA"} to lie an area needing redevelopment within the meaning ofthe Act; and WHEREAS, Resolution No. l l ~ l and the San7ple~E~ring Development Area I~evela~p~ent Plan were canfir~ned by Resolution No. 1154 adapted on ll~ay 2,1,1993; and WHEREAS, Resolution No. l 151 created the Sample-E~ing Allocation Area South Bend Allocation Area No, 8} ~tl~e "SERA All~~catlol~ Area"} foi• the purpose of depositing into an allocation area fund the "SERA Allocation Fund"~ tax increment revenr~es allocated to the Commission and resulting solely from the increase in the assessed value of personal property and ~~eal property and iYnproveinents thereon located to the SERA Allacatlon Area pursuant to Indiana `~~~ +6-7-14-39~b}~ l }and from tl~e proceeds from the sale or leasing ofprope~~ty in the Area under Indiana Code ~ ~~~7-14-??, ~.~~ In accordance ~vlth Indiana Code ~ ~-~-~~~~; and H~~EAS, the I)eclaratary Resolution ~ further amended by the Resalutian o. ~~~ and Resolution lea. 23~ 1, adapted an June 1 ~, X07 and July ~~, ~~~7 respectively and said resolutian expanded the Area by adding and consolidating the SERA iota the Area ~~c~lle~cti~rely refe1~red to hereafter as the "Area"~ and expanded Allocation Area Na,1 by adding and cansalidatin the SERA Allacatlan Area lnta Allacat~an Area Na. 1 collectively referred to hereafter as '`Allocation Area a. l"}; and 'HEHEA~ under the l~eclarata~ Resolution, the funds and deposits of the SERA Allocation Funds have further been consalldated and depaslted ~4~Ith Allocatlon Area Flo. l Fund {collectively referred to hereafter as "All~~cation Azea No, I Fund"}; and ~VHEREA, an October ~7} ~~03, the South fiend anlnlan CoL1nC11 adapted Resolution Igo. Z~ l RDA, requesting that the State Enterprise bane Beard establish the Urban Enterprise done the "Z~I1~e'i} as an enterprise zone within the meaning ofIndiana Cade ~ 4-4-.14no~v Indiana Code S-Z~-I } llicl~ was approved by the State of Indiana, effective January I, ~~~4, for a period afA ten ~ 1 a}years and expiring on December ~ 1, ~a I ;and `HER~AS~ the purpose far the existence of°the bane 1s ta: ~ 1 }Increase the nurriher of j obs in the ,done by retention and expansion of existing businesses and attraction and develap~nent of new businesses; and ~} Improve the quality of life of zone residents, improve ~c~t~e residents' en~ployabilrty, and fill zone jabs with zone residents; and 'L~'HER~~, due to an overlap in the Area and the done {the "overlap ,Area"}, the Airport Economic Develop~~,ent Area 1 Urban Enterprise done Special done Fund vvas established far the purpose ofdepositing iota a special fund the #:one Fund"} tax inerernent revenues allocated to the Commission and. resulting solely f~on~ the increase in the assessed value of personal property and real property and Improvements thereon located in the overlap Area pursuant to Indiana Cade ~ 3~r ~-1~~9~}; and H~.~A, pursua~~t to Indiana Cade ~ C-7-I4-3~~~},tax increment revenues allocated to the Commission and resulting safely from the increase in the assessed value ofpersanal property and real property and zrr~prove~nents tl~ereon located in the t~verlap Area knave been transferred from the A1locatlon Area Na. 1 Fund into the bane Fund; and HEREA, the Commissran desires to pay certain expenses incurred ~~' tl~lyd parties far programs located in o~i serving the Overlap Area from funds remaining in the done Fund In accordance mirth Indiana Cade ~~~-7-I4-39~{~ and certain ether expenditures incurred by the Commission ~n accordance with Indiana Cade ~ 3b-7-14~3~b}~}; and 'W'HEREAS, the expenditures incurred or anticipated to be inc~zrred by the omYllrssion proposed ~~ ~ pall 1J~l~th funds trCll71 the bane Fund are described an the attached h~hlblt A; ar~d WHEREAS, the prap~ssd apprapriations franl the done Fund are net far the aperatin e~psns of the Con~~rii~sian; a~ld 'H~EA, such apprapriatians are subject to the pravisian of Indiana fade ~ l .l-~ S-- 5; and HE~.EAS, on February ~, ~aa~, the ~a711missian adapted Realutxan l~c~. 251 setting a public hearing an said apps"apriatian far 1 a;aa a.rn. an February ~~, aa'~~ and autllarizin~ the Secretary of the o~nm7sslon to duly pllbl~sh natlce of said hearing; and V~HE~EA~, the Secretary of the alYln]lSSlan ila caased native of saki ~lear~ng on Bald approprlatlaYls to ~~ pabl~shed 1n accardance v~~ith laur; and HERE, such public hsarin was held at ~~~ o7ninission's meeting at 1a:~Da a.. an Feb~~ary 2~, ~~a, at I3a8 Caunty-pity Building, 2.27 ~vv~est ~effersan Ba~ieva~"d, auth Bend, lndiana. 4~~~I, at ~vlllch ~~~ taxpayers ar~d interested persa~ns lead ~~ opportunity to appear grad express their vies as to such additional apprapriatian; and ~VHERE.~S, the arrii~i~szon nay desires to apprave Sall apprapriatlan lIl tat~~ ~nlallnt of Sig, Hundred Twenty Three Thaasand eighty Six and 001I ~~ Dollars Q$G2~,a8G.a~~; N4~, THEREFORE, BE ~T ESE`EII BY THE ~i]TH BEI~I~ RE~EVELO~~ME.T ~n~r~~~v F[~LLO~V: l . Tlls am~l~isian herby ti~lds that tilers are insufficient funds available ar provided far in the existing budget and tax levy which may be applied to such expenses and the expsnditars of such ainaant franc tale done Fund. ~. The fiends from file bane ~alld In the amount a#'Six Hundred Twenty Three Thousand ~1~hty 1x and O~I1 a~ ]Jaliars ~~}~~,~~.aa}are hereby apprapriated far the purpase of paying the expenditures described ~t Exhibit ~. 3. Sacll apprapr~at~ans Shall be ~n addition to all the apprapi-iat~ans prav~ded for in the existing budget anal levy and shall cantinas in effect until the co~nplation of file activities described herein. Any sui~lus of such proceeds shall be credited to the proper fl~nd as provided ~]~' larv, 4~ The Pi"esident andlor the Secretary of the an~iian are hereby a~ztl~arized and directed to certify a copy afthis kesolation together v~~ith suc11 atllsr procssdins and actions as nay be necessary to the fit. Joseph bounty ,~aditar far certif~c;ation to the Indiana Department of Local ~ovsi-~llnent F]nanCe for the puz-~ose of abtalnln its approval of the apprapriat~ans herein made. D~P~'ED at ~ regu~~r meeting c~~ the South Bend Redeve~op~~nent o~~~miion he~~ on February ~~, ~~~~, at 130 +Cc~unty~it~ Building, ~.27'vv, Jefferson Boulevard, South Bond, Indiana 4+GGO1. ATTEST; 15~~L~~tta~tc~"c' ~UT~ BEI~I~ RE~EVEL~~EN7' C~SI~N ~i`~F2([ir[~'c' i'ri~~~c~c~ ~l~cr~~~~~ a,~~f ~'iE~E~ ~'1~[1~tE'Cf :'4'~r~~~~~ rr~td Titlc} ~',HiRTT ~ A~~roprlatien of tax increment in the Airport Eeene~nie I]e~elo~~r~ent Area 1 the ~Jrban ~nte~~rise gene ~~~erlap Area the ``~v~erlap Area"~ for making ~an~ents to bra°a~ns that are in ar ~er~e the [overlap Area f rain funds ren~a~n~n~ in the bane Fund a inay b~ authari~e~ ~~ Indiana Cade ~ 3~-7-14-~~9~~;} and certain other expenditures inc;urr.•ed b~ the ornmis~ian in acca~•da~ace ~~ith Indiana. Cade ~ ~~-7--14-~~~b~~?} in the overlap Area i~n total a~launt not to exceed Six Hundred Tenth Three Thousand ~iht~ Six and ~a~l as Dollars {$b?3,~8~.0~}~