HomeMy WebLinkAboutNo. 2302 a supplemental appropriation resolution of the Commission (WWCDA)
RESOLUTION NO. 2302
SUPPLEMENTAL APPROPRIATION RESOLUTION
OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION
(WEST WASHINGTON-CHAPIN DEVELOPMENT AREA)
WHEREAS, the South Bend Redevelopment Commission (the "Commission"), has
heretofore on January 5, 2007, adopted Resolution No. 2291, the provisions ofwhich Resolution are
hereby included herein by this reference thereto, determining to pay expenses incurred by the
Commission for local public improvements that are in or serving the West Washington-Chapin
Allocation Area (South Bend Allocation Area No. 7) (the "Allocation Area") with property tax
proceeds that have been paid into the West Washington-Chapin Allocation Area (South Bend
Allocation Area No. 7) Special 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 Fund proposed to be expended for said
expenses incurred by the Commission is Five Hundred Sixty-six Thousand Nine Hundred Seventy-
five ($566,975); and
WHEREAS, the Commission did not include said funds in any regular budget for the year
• 2007; and
WHEREAS, there are insufficient funds 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 January 19, 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 Five Hundred Sixty-six Thousand Nine
Hundred Seventy-five ($566,975) 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 fund 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 a regular meeting of the South Bend Redevelopment Commission held on
January 19, 2007, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
SOUTH BEND REDEVELOP ~ T COMMISSION
i
By: ~ ~~~
Marcia I. Jones P esident
ATTEST:"'~~'
~~
--=~r,~
~~egory S. Downes,- secretary
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EXHIBIT A
WEST WASHINGTON DEVELOPMENT AREA -FUND 422
2007 BUDGET SUMMARY
2007
Appropriation
Debt Service:
Debt Service Reserve Increase 0
Debt Service Payments 0
Total Debt Service p
Infrastructure Projects Underway, Not Completed:
Natatorium Redevelopment 211,427
Total Infrastructure Underway, Not Completed 211,427
Other Activities:
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Other Property Maintenance 10,000
Total Other Activities 10,000
Development Opportunities:
Development Opportunity Reserve p
Total Development Opportunities 0
Infrastructure Planned:
(Could include the following projects)
Martin Luther King Jr. Drive Improvements
Housing Authority Maintenance Building
Oil Express Streetscape
Total Infrastructure Planned
Total Appropriation 566,975
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