HomeMy WebLinkAbout2012-R-21 RESOLUTION
A RESOLUTION CONCERNING AN ADDITIONAL APPROPRIATION
OF FUNDS TO BE OBTAINED FROM THE SALE OF BONDS
IN THE AMOUNT OF $13,000,000 PURSUANT TO
RESOLUTION NOS. RC -35 -11 AND RC- 36 -11,
FOR STORMWATER IMPROVEMENTS
WHEREAS, the Jeffersonville Redevelopment Commission (the "Commission" ) has
determined that it would be of public utility and benefit and in the best interest of
Jeffersonville Redevelopment District ( "District ") and its citizens to pay the costs for stormwater
improvements and the expenses in connection therewith by the issuance of bonds ther stormwater
(hereinafter referred to as the "Project "); and efor
WHEREAS, pursuant to Resolution Nos. RC-35-11 and RC-3-11 adopted on December
21, 2011, the Commission authorized the issuance of bonds, in an aggregate amount not to
exceed $13,000,000 for the purpose of providing for the payment of (i) stormwater
improvements and (ii) the costs of selling and issuing the bonds; and,
WHEREAS, following the publication of legal notice in accordance with Indiana Code 5-
3-1-2(b), the Commission held a public hearing on the additional appropriation, at which hearing
taxpayers appearing at the meeting were given the opportunity to be heard, all in accordance with
Indiana Code 6- 1.1 -1�8 -5 (together with certain other applicable provisions of the Indiana Code,
as amended, the "Act");
NOW, THEREFORE, BE IT RESOLVED BY THE JEFFERSONVILLE
REDEVELOPMENT COMMISSION AS FOLLOWS:
Section 1. Additional Appropriation. The Commission hereby makes an additional
appropriation in the amount of $13,000,000, from funds to be provided out of the proceeds of the
bonds. The appropriation is in addition to all other appropriations provided for in the existing and tax levy. The Clerk- Treasurer is hereby authorized and directed to provide the
Department of Local Government Finance with a certified copy of this Resolution in accordance
with the Act.
Section 2. Incorporation of Preambles. The preambles to this Resolution are hereb
incorporated into the text of this Resolution as if fully set forth herein. y
Section 3. Effective Date. This Resolution shall be in full force and effect from and after
its passage and adoption by the Commission as provided by law; provided, however, that this
Resolution shall be subject to the receipt of a written determination from the Department of
Local Government Finance as to the sufficiency of funds to support the appropriation in
accordance with the Act.
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PASSED AND ADOPTED BY THE JEFFERSONVILLE REDEVELOPMENT
COMMISSION this / day of rrcs , 2012.
JEFFERSONVILLE REDEVELOPMENT
COMMISSION
./7
By:
President
ATTEST:
"ee,
ecretarpy
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