County Commissioner Ordinance - March 1996 (2)STIL�`ELL LAW OFFICE ID�3123866a8��
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t�AR 04'9b 9�15 No.002 P.04
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BOARD OF COM.+r1I55I0NE�t.S
CIBSON COUN'CY
WHBREAS, IC 36-7-14,5 C'ACl") authnri�es the legislative body oF a unit to ereutC a
redevetopmcrt authority a� a scpara:e IxK:Y i;��ora[e &nd politic anA as an instrumentality af the
u�it to ftnanco local public improvemants foc ]eas� �o �he unit'S redavetoDritent cammivAinn;
WHF.RF.AS, che Gibson Counry, indiann ("County") Redcvelopmen� Cummisuon
(,"CommisSiOn") :�as adorteri e dec.laratory� resolution establiahing an ecanomic dcvetopmwt azra
on D�e,d�er 20, 1995. �end oonfumed hat resNuticw a.Rer a public hearmg an February 27,
1996; snd
WHEREAS, d�e Board of Commissionccs is the legislative bi�ly uf �t�e County zn0 now
finds Uiat it will be in tha be4t intereets of the Cvunry to creatc an instrumentality of Q�c Cuutity
uudcr the ACt as a seParate hruly corporate and politic to Finance !oc¢I public impsovemcnts for
ii�x tv ihe Cummisstoa:
NOW, TN6R1sFURL, BL TT OR�EREU BX THE BOA[tD OP COMM1SSIt.1NEliS UF
THE COUNTY OP GIBSON, 1NDTANA;
l. 7'he C:ounty herutiy ^res�es a redevelapment auchoriry under the Act m tx, lmown
aa ilic Oibscm Counry RedevelopmCnt Authority ("Authotiry") as a sepacato body corporate cutd
pc�litio ar,d ea nn instromcutality uf tG� Cuunry.
The Authority is organized for the fuUowu�p Vurposes:
(d) financing, acyuiring, improvir.�, conswating, nnd lcaeing local pablic
improvemcncs �n the C'ammission;
(b) fioancing, acquiring, u�ryrov;r.g, ana constructing additional impr�vemer.ts to
local public improvcmcnt3 owned by she AuUioritr ar:J lrasinE thcm to the
Commiesion;
(Cl ?GquirinE all or A�mrtian of ane at more local public improvementv ftom thc
CommISSiGr1 by pUrChase or teaae and leasing these lxal public �mprovemenu
tsack co ihc Cvi���i�ia�iui�, wi�h any addidOtlal impmvementc inat may be made to
them;
(d) acquiri.ng all or a pnrtinn of one or moie locut publio improvementy frvm thc
Commisslon by purchase or leass in fi�nd oz raSvad indebudness inouncd on
account af those lucal yubli� improvements ;o enah►e the. C'ommiasinn to mal� a
s��as+.�
ST�LbI€LL �AW_OFFICE ID�8123860480 MRR 04'96 9�15 No.002 P.05
savings in dcbt servicc ubligadons pt tease rental obligati0r�s ot to obtain relief
from co��enan[s that the Commission considers to be unduly b�trdensome; and
(e) any nther Purposes Permitte.� by the Act, AS OrileadOd fYOtf1 timC t0 titne� indu�iug
the issuana of bond� co financc local puUlic imptovements.
3, 'Cho Board of DizeCtors of the Autharily sitall be Compncrd of thres members who
arc residCnts of the C.ounty and shall ha apPointed by the �oard of Comm+ssioners for llvc:c yeaz
terms.
4. This order is dfective upon passage,
Adoptod this 4th day of Atarch, 199G, by a wte of Z ia favor,
° �PPuxed.
ATTF�T:
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ounty u tWr �
BOARD OF COIvLtiS15SIONERS OF TItG
courrrY or aissox, INAIANA
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