HomeMy Public PortalAbout009-2021 - Authorizing the Expendure of Funds for Main Street Building Analysis RICHMOND REDEVELOPMENT COMMISSION
RESOLUTION NO. 9-2021
A RESOLUTION AUTHORIZING THE EXPENDITURE OF FUNDS
("Main Street Building Analysis")
WHEREAS, the City of Richmond Redevelopment Commission (hereinafter "Commission") has
previously adopted a Declaratory Resolution, which has been amended, thereby
establishing a Redevelopment Plan by which certain projects may be funded with
excess Tax Increment Financing("TIF")revenue; and
WHEREAS, pursuant to I.C. 36-7-14-39, such excess revenues may be used for the purposes
described therein; and
WHEREAS, pursuant to the above actions, the amended project list includes the Downtown Area
improvements which would include improvements.
WHEREAS, it has become necessary to make certain improvements in the TM district as
referenced below.
NOW, THEREFORE, BE IT RESOLVED by the Richmond Redevelopment Commission,
that such Commission hereby approves and agrees to reimburse the City of Richmond and/or pay for_
necessary expenditures for Forward Wayne County to complete a building analysis of commercial
properties in the Central Business District, into the allocation fund, all of which is allowed pursuant
to the TIF Redevelopment Plan of 1989, as amended,previously adopted by the Commission.
BE IT FURTHER RESOLVED that the above reimbursement and/or expenditures shall not exceed
the lesser of$43,030 or the allowable excess amount following the retention of all necessary funds
for the reserve regarding the 2021 payments for Bond principal and interest payments.
THIS RESOLUTION IS ADOPTED this /O day ofiht,t.,04-2021
RICHMOND REDEVELOPMENT COMMISSION
By:
By.
By:
By:
By:
Resolution 9-2021