HomeMy WebLinkAboutNo. 2339, a supplemental appropriation resolution of the City of South Bend Redevelopment Commission (Sample-Ewing Development Area)RESOLUTION NO. 2339
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REVEVELOPMENT COMMISSION
(SAMPLE SWING DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission (the "Commission"), has
heretofore on May 8, 2007 adopted Resolution No. 2337, the provisions of which Resolution are
hereby included herein by this reference thereto, determining its intent to pay expenses incurred by
the Commission for local public improvements that are in or serving the Sample-Ewing Allocation
Area (South Bend Allocation Area No. 8) (the "Allocation Area") with property tax proceeds that
have been paid into the Sample-Ewing Allocation Area (South Bend Allocation Area NO.8) SpeClal
Fund (the "Allocation Fund") pursuant to IC 36-7-14-39, such payment being authorized by IC
36-7-14-39(b)(2)(J); and
WHEREAS, the amount of funds in the Allocation Fwld proposed to be expended for said
expenses incurred by the Commission is Two Hundred Thirty Nine Thousand Nine Hundred Ninety
Three Dollars (5239,993); and
WHEREAS, the Commission did not include said fwids in any regular budget for the year
2007; and
WHEREAS, there are insufficient fiends available or provided for in the existing budget and
tax levy which may be applied to such expenses and the expenditure of such amount from the
Allocation Fund has been authorized by the Commission to procure the necessary funds and an
extraordinary emergency and necessity exists for the making of the additional appropriation set out
herein; and
WHEREAS, the Secretary of the Commission has caused notice of a hearing on said
appropriation to be published as required by law; and
WHEREAS, such public hearing was held on June 8, 2007, at 10:00 a.m., E.S.T., at 1308
County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601 on said
appropriation at which all taxpayers and interested persons had an opportunity to appear and express
their views as to such additional appropriation.
NOW, THEREFORE, BE IT RESOLVED by the Commission that:
1. Funds from the Allocation Fund in the amount of Two Hundred Thirty Nine Thousand
Nine Hundred Ninety Three Dollars ($239,99 ~) be, and they are hereby, appropriated by the
Commission for the purpose of providing funds to be applied to pay the expenses incurred by the
Commission for local public improvements that are in or serving the Allocation Area as more fully
described in Exhibit "A" hereto.
2. Such appropriation shall be in addition to all appropriations provided for in the existing
budget and levy and shall continue in effect until the completion of the activities described in Section
1 above. Any surplus of such proceeds shall be credited to the proper fiord as provided by law.
3. The President and Secretary of the Commission be and they 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 State Board of Tax
Commissioners for the purpose of obtaining the approval of said Board of the additional
appropriation herein made.
ADOPTED at regular meeting of the South Bend Redevelopment Commission held on
June 22, 2007, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jone resident
ATTEST:
•
Downes,
•
•
RESOLUTION NO. 2339
EXH[BIT "A"
Description of Expenditure
For local public improvements in or serving the Sample-Ewing Allocation Area (South Bend
Allocation Area No. 8) as may be authorized by IC 36-7-14-39(b)(2)(J) in a total amount not to
exceed Two Hundred Thirty Nine Thousand Nine H~mdred Ninety Three Dollars ($239,993).
~J
SAMPLE/EWING DEVELOPMENT AREA -FUND 414
2007 BUDGET SUMMARY
(As revised May 2007)
Debt Service:
Debt Service Reserve Increase
Debt Service Payments
Total Debt Service
Infrastructure Projects Underway, Not Completed:
Total Infrastructure Underway, Not Completed
Other Activities:
Other Property Maintenance
Lincolnway/Sample
Total Other Activities
Development Opportunities:
Development Opportunity Reserve
Total Development Opportunities
Infrastructure Planned:
(Could include the following projects)
Oliver Plow Works Memorial
Total Infrastructure Planned
Total Appropriation
Res # 2301
1 /19/2007 Proposed Total
2007 Res.#2339 2007
Original 6/8/2007 Appropriation
Appropriation Appropriation (if approved)
0
732,629 214,993 947,622
732,629 214,993 947,622
0 0 0
40,000
0 0
25,000 40,000
25,000
40,000 25,000 65,000
0 0 0
0 0 0
13,000 0 13,000
13,000 0 13,000
785,629 239,993 1,025,622
1