TITLE 26
ECONOMIC DEVELOPMENT

ARTICLE 1
DEPARTMENT OF ECONOMIC DEVELOPMENT

Economic Development Commission.

Creation of Economic Development Commission. WHEREAS, Indiana Code 18-6-4.5-1, as amended by the acts of 1979 provides that areas in the State of Indiana have insufficient employment opportunities, insufficient tax basis, insufficient cites developed for industrial, commercial and residential use, insufficient diversification of economic development facilities and provides for financing of projects to remedy the insufficiencies as economic development facilities, and;

WHEREAS, Indiana Code 18-6-4.5-4 provides for the creation of a department of development and a commission to control the department of development upon the request of the Board of County Commissioners, and;

WHEREAS, the DeKalb County Commissioners have requested the DeKalb County Council to establish a department of development.

NOW, THEREFORE, BE ORDAINED BY THE DEKALB COUNTY COUNCIL as follows:

1. There is hereby created a department of development.

2. The department of development shall be under the control of a commission to be known as "DeKalb County Development Commission", which Commission shall be composed of three members.

3. The members of the Commission shall be appointed by the DeKalb County Commissioners as follows:

One (1) of the members so appointed shall be selected by the DeKalb County Commissioners;

One (1) shall be nominated by the DeKalb County Council;

One (1) shall be nominated by the Common Council of the City of Auburn.

The Commissioners of the DeKalb County Development Commission shall take office upon their appointment and their term shall run the following number of years from February 1 following such original appointment:

The Commissioner selected by the DeKalb County Commissioners shall have a (3)year term;

The Commissioner nominated by the DeKalb County Council shall have a two (2) year term;

And the Commissioner nominated by the Common Council of the City of Auburn shall have a one (1) year term.

4. The DeKalb County Development Commission shall be governed by and shall comply with the provisions of Indiana Code 18-6-4.5-1 et sec and all amendments to such act.

(Ord. 80-1, February 7, 1980)

26-1-1-2

Economic Development Commission Members. WHEREAS, the DeKalb County Economic Development Commission consists of three (3) members, and;

WHEREAS, the members of the DeKalb County Economic Development have been Joe W. Shelton, Paul Trausch and Ronald Dicke, and;

WHEREAS, Joe Shelton's term expired February 1, 1995, Ron Dicke's term expired February 1, 1996 and Paul Trausch's term will expire February 1, 1998, and;

WHEREAS, the County Council nominates Ron Walter to a 4 year term which was to begin February 1, 1995;

NOW THEREFORE, the County Council approves the nomination and appointment of Ron Walter to the DeKalb County Economic Development Commission for a term which shall expire February 1, 1999.

(Res. 96-1A, passed February 5, 1996)

26-1-1-3

Designation of Revitalization Areas. WHEREAS, an overall Economic Development Program (OEDP) has been prepared by the DeKalb County Overall Economic Development Committee, and

WHEREAS, the OEDP has been prepared in a complete and correct manner and meets the requirements of the Economic Development Administration of the U.S. Department of Commerce.

THEREFORE, BE IT RESOLVED that the DeKalb County Board of Commissioners does hereby authorize the submission of the OEDP to the U.S. Department of Commerce, Economic Development Administration and does hereby request to be designated as a Redevelopment District.

(Res. 89-1, passed August 14, 1989)

Chapter 2
Economic Development Projects

26-1-2-1

YMCA Project First Mortgage Revenue Bonds. WHEREAS, the County of DeKalb, Indiana (the "County"), is a municipal corporation and political subdivision of the State of Indiana and by virtue of Indiana Section 36-7-12-1 et seq., as amended (the "Act"), is authorized and empowered to adopt this ordinance (this "Bond Ordinance") and to carry out its provisions; and

WHEREAS, Young Men's Christian Association of DeKalb County, Inc., an Indiana nonprofit corporation (the "Borrower"), has agreed to acquire, construct and equip certain economic development facilities DeKalb County Indiana, including the construction and equipping of a full service YMCA facility on approximately 12 acres of land on North Street in Auburn, Indiana, which facilities will include a full gymnasium, 6-lane Olympic-style swimming pool, child care center, nursery school center, weight room and aerobic room, an outdoor running track/fitness trail, two soccer fields, a play area for the nursery school/day care programs, parking lot, offices and common areas (the "Project"), if the County will finance a portion of the cost of the Project with the proceeds from the sale of its County of DeKalb, Indiana, Economic Development First Mortgage Revenue Bonds, Series 1997 (YMCA of DeKalb County Project), in the aggregate principal amount of $1,125,000 (the "Bonds"); and

WHEREAS, the DeKalb County Economic Development Commission has performed all actions required of it by the Act preliminary to the adoption of this Bond Ordinance and has approved and forwarded to this County Council the forms of (1) the Bond Purchase and Loan Agreement (the "Loan Agreement"), dated as of June 1, 1997, among the County, the Borrower,

Peoples Federal Savings Bank of DeKalb County, The Auburn State Bank, Campbell & Fetter Bank, The Garrett State Bank, The Knisely National Bank of Butler, NBD Bank, N.A. and Norwest Bank Indiana, N.A. (the "Original Purchasers") and Peoples Federal Savings Bank of DeKalb County as Agent (the "Agent") providing for the issuance and sale of the Bonds by the County, the loan by the County to the Borrower of the proceeds therefrom and securing the payment of the Borrower's obligations to the County; (2) the form of the Bond (contained in the Loan Agreement); and (3) this Bond

NOW, THEREFORE, BE IT ORDAINED BY THE COUNTY COUNCIL OF THE COUNTY OF DEKALB, INDIANA, THAT:

Section 1. Findings; Public Benefits. The County Council hereby finds and determines that the Project is an "economic development facility" as that phrase is used in the Act; that the acquisition, construction and equipping of the Project will increase diversifications of economic development in and around the County, will improve and promote the economic stability, development and welfare in and around the County; and that the public benefits to be accomplished by this Bond Ordinance are greater than the cost of public services (as that phrase is used in the Act) which will be required by the Project.

Section 2. Authorization of the Bonds. In order to pay a portion of the cost of the Project, the Bonds are hereby authorized to be issued, sold and delivered. Any additional costs of the Project will be paid for by the Borrower.

Section 3. Terms of the Bonds. The Bonds shall (i) be in the aggregate principal amount of $1,125,000, (ii) be dated as of June 1, 1997; (iii) be executed at or prior to the closing date by the manual or facsimile signatures of the County Commissioners and the Auditor of the County; (iv) bear interest from the date of delivery thereof at rates of interest as set forth in the Loan Agreement, but with an average rate of interest not greater than 7.0%; (v) mature at the time and in the amounts set forth in the Loan Agreement and shall have a stated maturity date of January 1, 2008; (vi) be issuable in denominations of $5,000 or whole multiples thereof, (vii) be issued only in fully registered form, (viii) be payable through such medium and at such places as provided therein, and (ix) be subject to optional and mandatory redemption as provided in the Loan Documents. The Bonds and the interest thereon do not and shall never constitute an indebtedness of, or a charge against the general credit or taxing power of, the County, but are limited obligations of the County payable solely from revenues and other amounts derived from the Loan Documents. Forms of the Loan Documents are before this meeting and are by this reference incorporated in this Bond Ordinance, and the Auditor is hereby directed to insert them into the minutes of the County Council and to keep them on file.

Section 4. Sale of the Bonds. The County Commissioners and the Auditor are hereby authorized and directed, on behalf of the County, to sell the Bonds to or upon the order of the Original Purchasers pursuant to the Loan Agreement at a price of $1,125,000 representing 100% of the par value thereof, payment of which shall be made in accordance with the provisions of the Loan Agreement.

Section 5. Loan Agreement. In order to provide for the commitment of the County to sell the Bonds and to provide for the loan of the proceeds of the Bonds to the Borrower and the payment by the Borrower of amounts sufficient to pay the principal of, premium, if any, and interest on the Bonds, and in order to assign the County's rights under the aforementioned loan to the Original Purchasers, the County Commissioners and the Auditor are hereby authorized and directed to execute and deliver, in the name of and on behalf of the County, the Loan Agreement in substantially the form submitted to this County Council, which is hereby approved in all respects.

Section 6. Bonds. The County Commissioners and the Auditor are hereby authorized and directed to execute and deliver, in the name of and on behalf of the County, the Bonds in substantially the form submitted to this County Council, which is hereby approved in all respects.

Section 7. Execution. The County Commissioners and the Auditor are hereby authorized and directed to execute and deliver, in the name and on behalf of the County, the Bonds (in the form contained in the Loan Agreement), and the Loan Agreement. The County Commissioners and the Auditor are hereby authorized, without further approval of the County Council or the DeKalb County Economic Development Commission, to approve such changes in the Loan Documents as may be permitted by Act, such approval to be conclusively evidenced by their execution thereof.

Section 8. Designation as Qualified Obligations. The County hereby designates the Bonds to be qualified obligations pursuant to Section 265(b)(3) of the Code relating to the disallowance of 100% of the deduction for interest expense allocable to tax-exempt obligations acquired after August 7, 1986.

Section 9. General. The County Commissioners and the Auditor are, and each of them is, hereby authorized and directed, in the name and on behalf of the County, to execute any and all agreements, documents and instruments, perform any and all acts, approve any and all matters, and do any and all things deemed by them, or either of them, to be necessary or desirable in order to carry out and comply with the intent, conditions and purposes of this Bond Ordinance (including the preambles hereto and the documents mentioned herein), the acquisition, construction and equipping of the Project by the Borrower, the issuance and sale of the Bonds, and the securing of the Bonds under the Loan Documents.

Section 10. Binding Effect. The provisions of this Bond Ordinance and the Loan Documents to which the County is a party shall constitute a binding contract between the County and the holders of the Bonds, and after issuance of the Bonds this Bond Ordinance shall not be repealed or amended in any respect which would adversely affect the rights of the holders of the Bonds as long as the Bonds or interest thereon remains unpaid.

Section 11. Repeal. All ordinances or parts of ordinances in conflict herewith are hereby repealed.

Section 12. Effective Date. This Bond Ordinance shall be in full force and effect immediately upon its adoption by the County Council.

Section 13. Copies of Loan Documents on File. Two copies of the Loan Documents incorporated into this Bond Ordinance were duly filed in the office of the Auditor and are available for public inspection in accordance with Indiana Code Section 36-1-5-4.

(Ord. 97-6, passed June 2, 1997)

26-1-2-2

County Road 15. WHEREAS, the DeKalb County Commissioners desire to maintain and improve the County road system:

WHEREAS, the DeKalb County Commissioners believe this County road will improve traffic flow and is in need of repair:

NOW, THEREFORE, BE IT HEREBY RESOLVED that the Auditor of DeKalb County, Indiana, is directed to withdraw the amount of thirty thousand dollars ($30,000) from the DeKalb County Industrial Revolving Grant Fund Recovery proceeds and to use these funds for purposes of repairing County Road 15 from State Road 8 to Garrett City limits.

This Ordinance shall become effective after passage of the third reading as adopted by the DeKalb County Commissioners and the publication of this Ordinance, if any, thereafter as required by law.

(Ord. 97-7, passed June 2, 1997)

26-1-2-3

Greenhurst Estates, Inc. Economic Development. WHEREAS, the Auburn Economic Development Commission established pursuant to the acts of the General Assembly of the State of Indiana for 1965, chapter 402 and all acts amendatory and supplemental thereto known as "Municipal Economic Development Act of 1965" has filed with the DeKalb County Council its Inducement Resolution, and

WHEREAS, the facilities to be constructed by the City of Auburn pursuant to Public Law No. 182 of the acts of the General Assembly of !he State of Indiana for 1973, as amended, will be located on real estate, part of which real estate lies outside of the City Limits of the City of Auburn in the Northeast Quarter of Section Twenty-nine (29), Township Thirty-four (34) North, Range Thirteen (13) East in DeKalb County, Indiana, and

WHEREAS, the DeKalb County Council now finds that a need exists for such economic development and that such economic development will provide additional employment opportunities and further serve the public purposes under the act and will be of benefit to the welfare of the City,

NOW, THEREFORE, be it resolved that the DeKalb County Council now approves the financing of such economic development and the leasing of the facilities thereto to Greenhurst Estates, Inc., by the issuance of one or more series of revenue bonds of the City of Auburn, DeKalb County, Indiana, pursuant to Public Law No. 182 of the acts of the General Assembly of the State of Indiana for 1973 as amended.

(Res. 100476, passed October 4, 1976)

26-1-2-4

Mid-America Electronics. WHEREAS, the County Commissioners have jurisdiction over the real estate in the name of the County of DeKalb, State of Indiana, and vested with the authority to convey title of said real estate, and

WHEREAS, the County Commissioners have determined, as a result of an investigation of the title to a certain strip of land encompassing 0.214 acres lying between the lands of the County of DeKalb and lands formerly owned by Mid-American Electronics Corporation located in the Northeast Quarter and the Southeast Quarter of Section Thirty Two (32), Township Thirty Four (34) North, Range Thirteen (13) East, Union Civil Township, DeKalb County, Indiana (being more particularly described in the attached legal description) (CAN BE FOUND IN RESOLUTION FILED IN AUDITOR'S OFFICE); and

WHEREAS, it has been determined that there have been some erroneous descriptions heretofore used in various conveyances involving the property held by Mid-American Electronics Corporation and predecessors in interest as well as the County and DeKalb and predecessors in interest, and

WHEREAS, said County Commissioners, as a result of a survey made and provided by the surveyor of DeKalb County, Indiana, David K. Wolf, have determined it is to the best interest of all parties that the cloud on the title to said lands of Mid-American Electronics Corporation be removed, now resolve that the Board of Commissioners of the County of DeKalb convey and quit-claim to the successor in interest of Mid-American Electronics Corporation, the tract of land as set forth in the legal description attached hereto.

(Res. 78-1, February 6, 1978)

26-1-2-5

Tri-State Agri-Traders. WHEREAS, DeKalb County, Indiana (the "Issuer") is authorized by IC 18-6-4.5 (the "Act") to issue revenue bonds for the financing of economic development facilities, the funds from said financing to be used for the acquisition, construction and equipping of said facilities, and said facilities to be either sold or leased to a company or directly owned by a company; and

WHEREAS, Frank E. Albright and Harold L. Bandelier (collectively, the "Applicant") has advised the DeKalb County Economic Development Commission (the "Commission") and the Issuer that it proposes that the Issuer either acquire, construct and equip an economic development facility and sell or lease the same to the Applicant or loan proceeds of an economic development financing to the Applicant for the same, said economic development facility to be a 23,000 square foot John Deere dealership facility for the retail sale of farm machinery equipment, including the real estate on which it is located and the machinery and equipment to be installed therein, to be located on U.S. Highway 6, immediately West of Waterloo, Indiana, on an approximate 14 acre tract of land ("Project"); and

WHEREAS, the diversification of industry and increase in job opportunities (5 new jobs) to be achieved by the construction and equipping of the Project will be of public benefit to the health, safety and general welfare of the Issuer and its citizens; and

WHEREAS, the Applicant will lease of sublease the Project to Tri-State Agri-Traders, Inc.; and

WHEREAS, having received the advice of the DeKalb County Economic Development Commission, it would appear that the financing of the Project would be of public benefit to the health, safety and general welfare of the Issuer and its citizens; and

WHEREAS, the acquisition and construction of the facility will not have an adverse competitive effect on any similar facility already constructed or operating in DeKalb County, Indiana;

NOW THEREFORE, BE IT RESOLVED BY THE County Council of DeKalb County, as follows:

1.	The County Council of DeKalb County finds, determines, ratifies and confirms that the promotion of diversification of economic development and job opportunities in DeKalb County, Indiana, is desirable to preserve the health, safety and general welfare of the citizens of the Issuer; and that it is in the public interest that the Commission and the Issuer take such action as they lawfully may to encourage economic development, diversification of industry and promotion of job opportunities in and near the Issuer.
2.	The County Council of DeKalb County approves, determines, ratifies and confirms that the issuance and sale of economic development revenue bonds in an amount of approximately $450,000 of the Issuer under the Act for the acquisition, construction and equipping of the Project and the sale or leasing of the Project to the Applicant or the loan of the proceeds of the revenue bonds to the Applicant, will serve the public purposes referred to above, in accordance with the Act.
3.	In order to induce the Applicant to proceed with the acquisition, construction and equipping of the Project, the County Council of DeKalb hereby approves, determines, ratifies and confirms that (i) it will take such actions pursuant to the Act as may be required to implement the aforesaid financing, or as it may deem appropriate in pursuance thereof; provided that all of the foregoing shall be mutually acceptable to the Issuer and the Applicant; and (ii) it will adopt such ordinances and resolutions and authorize the execution and delivery of such instruments and the taking of such action as may be necessary and advisable for the authorization, issuance and sale of said economic development revenue bonds.
4.	All costs of the Project incurred after the adoption of this inducement resolution, including reimbursement or repayment to the Applicant of moneys expended by the Applicant for planning, engineering, interest paid during construction, underwriting expenses, attorney and bond counsel fees, acquisition, construction and equipping of the Project will be permitted to be included as part of the bond issue to finance the Project, and the Issuer will sell or lease the same to the Applicant or loan the proceeds from the sale of the bonds to the Applicant for the same purposes. Also, certain indirect expenses, including but not limited to, planning, architectural work and engineering incurred prior to this inducement resolution will be permitted to be included as part of the bond issue to finance the Project. (Res. 060280, passed June 2, 1980)

26-1-2-6

Vulcraft Grant. Be it resolved that Robert Wilder, president of the Commissioners, be and is authorized to execute any and all documents on behalf of DeKalb County in connection with the Industrial Development Infrastructure Vulcraft Grant.

(Res. 111885a, passed November 18, 1985)

26-1-2-7

Paragon Steel First Mortgage Revenue Bonds. WHEREAS, the county of DeKalb, Indiana (the "Issuer") is authorized by IC 36-7-12 (the "Act") to issue revenue bonds for the financing of economic development facilities, the funds from said financing to be used either directly or by loan to a company for the acquisition, construction and equipping of said facilities and said facilities to be either owned by a company or leased to a company or sold to a company; and

WHEREAS, PST Investments, LLC, and Indiana limited liability company with its principal offices currently located in Fort Wayne, Indiana (the "Applicant") advised the DeKalb County Economic Development Commission that it proposed that the Issuer acquire and equip an economic development facility and sell or lease the same to the Applicant or that the Issuer loan the proceeds of such a financing to the Applicant for such purposes; said economic development facility to be a 80,000 square foot manufacturing facility to be located on a 30 acre tract east of new County Road 206 and south of County Road 42, Butler, Indiana 46721, together with new manufacturing equipment and issuance costs (the "Project"); and

WHEREAS, the diversification of economic development and increase in job opportunities (approximately 18 new jobs at start-up and approximately 15 additional jobs within 3 years) to be achieved by the acquisition and equipping of the Project will be of public benefit to the health, safety and general welfare of the Issuer and its citizens; and

NOW, THEREFORE, BE IT RESOLVED BY THE DEKALB COUNTY COUNCIL:

Section 1. The Council further finds, determines, ratifies and confirms that the promotion of diversification of economic development and job opportunities in DeKalb County, Indiana, is desirable to preserve the health, safety, and general welfare of the citizens of the Issuer; and that it is in the public interest that the DeKalb County Economic Development Commission and said Issuer take such action as it lawfully may to encourage economic diversification and promotion of job opportunities in and near said Issuer.

Section 2. The Council further finds, determines, ratifies and confirms that the issuance and sale of revenue bonds in an amount not to exceed $3,400,000 of the Issuer under the Act for the acquisition, construction and equipping of the Project and the sale or leasing of the Project to the Applicant or the loaning of the proceeds of such a financing to the Applicant for such purposes will serve the public purposes referred to above, in accordance with the Act.

Section 3. In order to induce the Applicant to proceed with the acquisition, construction and equipping of the Project, the Council hereby finds, determines, ratifies and confirms that (I) it will take or cause to be taken such actions pursuant to the Act as may be required to implement the aforesaid financing, or as it may deem appropriate in pursuance thereof, provided that all of the foregoing shall be mutually acceptable to the Issuer and the Applicant; (ii) it will adopt such ordinances and resolutions and authorize the execution and delivery of such instruments and the taking of such action as may be necessary and advisable for authorization, issuance and sale of said economic development bonds.

Section 4. The Issuer intends this inducement resolution to satisfy the requirements of the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder (the "Code") regarding the taking of "official action" by the Issuer and with respect to having an official intent to issue its revenue bonds for the purpose of reimbursing costs incurred with respect to the Project after the date of the adoption of this resolution.

Section 5. All costs of the Project incurred after passage of this inducement resolution by the DeKalb County Council, including reimbursement or repayment to the Applicant of moneys expended by the Applicant for planning, engineering, interest paid during the construction, underwriting expenses, attorney and bond counsel fees, acquisition, construction and equipping of the Project will be permitted to be included as part of the bond issue to finance said Project, and the Issuer will thereafter either sell or lease the same to the Applicant or loan the proceeds of such financing to the Applicant for the same purposes.

Section 6. This Resolution shall be in force and effect immediately upon its adoption by the County Council.

(Res. 97-9, passed June 2, 1997)

26-1-2-8

Bowman Aviation. WHEREAS, the DeKalb County Council recognizes the need to stimulate economic growth and to maintain a sound economy within DeKalb County, and whereas DeKalb County Council recognizes the desire and ability of providing incentives to the development of unused land located in DeKalb County or land that has become derelict over a period of time, resulting in secession of growth and lack of development and whereas the DeKalb County Council recognizes that it would be beneficial to the County to designate certain areas where development growth has ceased or deteriorated as economic development areas in order to stimulate the use of said property by making tax abatement available, and whereas Indiana Law, namely, I.C. 6.11-12.1-1 through I.C. 6.1-12.1-5.1 provides for a method whereby real estate can be designated as an economic revitalization area in order to stimulate development of said areas by making tax abatements available. Now, therefore, it is resolved by the DeKalb County Council as follows:

That the following described real estate shall be designated as an Economic Revitalization area for a period of ten years and any improvements located thereon shall be entitled to a deduction as provided in I.C. 6-1.1-12.1-4(d)(3).

A tract of land in the West half of the Southwest Quarter of Section 32, Township 33 North, Range 13 East, DeKalb County, Indiana, more particularly described as follows, to-wit:

Beginning at the Southwest corner of said Southwest Quarter: thence North 88 degrees-49 minutes-30 seconds East, on and along the South line of said Southwest Quarter, being also the centerline of North County Line Road, 1319.00 feet to the Southeast corner of the West Half of said Southwest Quarter; thence North 01 degrees-08 minutes-30 seconds West on and along the East line of said West half, being Marked by a line fence 1090.0 feet to a T-rail; thence south 88 degrees-49 minutes-30 seconds west and parallel to said South line, 1326.0 feet to the west line of said Southwest Quarter, said west line being also the centerline of County Road 427; thence South 01 degrees-30 minutes-30 seconds East, on and along said West line, 1090.0 feet to the point of beginning, containing 33.083 acres of land.

That Bowman Aviation Warehousing Services L.L.C. shall have a period of two years during which it may purchase new machinery and equipment that would qualify for tax abatement for a period of five years. Any manufacturing equipment so purchased shall be entitled to the deduction as provided in I.C. 6-1.1-12.1-4.5(b). That Bowman Aviation Warehousing Services L.L.C. shall apply for the deduction provided for herein as specified by I.C. 6-1.12.1-5 and I.C. 6-1.1-12.1-5.5.

(Res. 97-5, Passed April 4, 1997)

ARTICLE 2
DEKALB COUNTY REDEVELOPMENT COMMISSION

Chapter 1.
Redevelopment Commission

26-2-1-1

Creation of Redevelopment Commission. WHEREAS, the County Council and the County Commissioners of DeKalb County, Indiana desire to provide for the completion of redevelopment or economic development projects in DeKalb County, Indiana (the "County"), including such redevelopment or economic development projects which may be beneficial to or assist with the construction and development of a thin slab casting steel mill and related facilities which will be completed by Steel Dynamics, Inc., in the County;

WHEREAS, I.C. 36-7-14 provides that a unit may establish a department of redevelopment controlled by a board of five (5) members which may undertake such redevelopment or economic development projects; and

WHEREAS, the County Council and the County Commissioners desire to establish a department of redevelopment;

NOW, THEREFORE BE IT ORDAINED by the DeKalb County Council and the DeKalb County Commissioners in joint session, DeKalb, Indiana, as follows:

1.	The DeKalb County Department of Redevelopment (the "Department"), controlled by a board of five (5) members to be known as the "DeKalb County Redevelopment Commission" (the "Commission") is hereby created and established.
2.	The Department shall be governed by I. C. 36-7-14 and the Commission shall have the power and authority to do and perform all things now or hereafter granted to it by I.C. 36-7-14.
3.	All of the territory within the corporate boundaries of the County, excepting therefrom all of the territory within the corporate boundaries of the Cities of Auburn and Garrett, Indiana, constitutes a taxing district for the purpose of levying and collecting special benefit taxes as provided in I.C. 36-7-14.
4.	This ordinance shall be in full force and effect from and after its adoption by the County Council and the County Commissioners (Ord. 94-2, passed March 16, 1994)

26-2-1-1-1

County Commissioners Directions. WHEREAS, DEKALB COUNTY COMMISSIONERS have elected to implement the various provisions of the Indiana Code to promote economic development and redevelopment and therefore it is necessary for the County Attorney to prepare ordinances to create a Redevelopment Commission and Redevelopment Authority and to proceed with those agencies to implement the various provisions of the Indiana Code to promote economic development.

NOW THEREFORE BE IT RESOLVED: The County Attorney is directed to prepare ordinances necessary to implement the provisions of the Indiana Code to promote economic development and redevelopment and submit those ordinances to the County Council and the County Commissioners for approval and if approved the County Attorney is directed to proceed with the formation of the county agencies necessary to accomplish the purposes intended, including but not limited to the creation of a DeKalb County Economic Redevelopment Commission and a DeKalb County Economic Redevelopment Authority, and, the County Attorney shall interview the necessary professional assistants to accomplish this stated purpose including additional legal counsel, financial consultants, underwriters and industrial development counselors to assist those agencies as provided by law, in all matters of economic development and redevelopment as provided by law.

(Res. 022894, February 28, 1994)

26-2-1-2

Redevelopment Commission Members.

26-2-1-3

Designation of DeKalb County as a Redevelopment Area. WHEREAS, DeKalb County has experienced long term deterioration of its economy as reflected by high rate of long term unemployment and low growth of population, income, and employment; and,

WHEREAS, the Public Works and Economic Development Act of 1965, as amended, provides for the designation of counties as Redevelopment Areas based on long term economic deterioration; and,

WHEREAS, the Economic Development Administration has indicated that DeKalb County meets the statistical distress criteria for its long Term Economic Deterioration program; and,

WHEREAS, DeKalb County has been working with the Indiana Office of the Economic Development Administration throughout 1985, resulting in the completion of an Overall Economic Development Program, which was submitted to EDA in January, 1986;

THEREFORE BE IT RESOLVED: That the DeKalb County Board of Commissioners formally request that the Economic Development Administration designate DeKalb County as a Redevelopment Area on the basis of Long Term Economic Deterioration.

(Res. 86-1, passed February 24, 1986)

26-2-1-3-1

Plan Commission Economic Plan Ratified. WHEREAS, the DeKalb County Redevelopment Commission (the "Commission"), the governing body of the DeKalb County Department of Redevelopment (the "Department"), pursuant to I.C. 36-7-14-1 et seq. (the "Act"), on July 7, 1994, approved and adopted its Resolution No. 1-1994 designating and declaring the DeKalb County Economic Development Area (the "Area"), approving an Economic Development Plan and establishing an Allocation Area for purposes of tax increment financing; and

WHEREAS, the DeKalb County Plan Commission, which is the duly designated and acting official planning body for DeKalb County, Indiana, on July 20, 1994, adopted its Resolution No. 1-1994 issuing its written order approving the Declaratory Resolution and the Economic Development Plan, and certifying that the Declaratory Resolution and Economic Development Plan conform to the plan of development for DeKalb County (the "Plan Commission Order"); and

WHEREAS, 16 of the Act prohibits the Commission from proceeding until the Plan Commission order is approved by the County executive, and

WHEREAS, the Board of Commissioners of the County is the County executive and now desires to approve the Plan Commission order to permit the Commission to proceed with the economic development of the Area;

NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of DeKalb, as follows:

1.	The Plan Commission order is in all respects approved, ratified and confirmed.
2.	This Resolution shall be in full force and effect from and after its adoption by the Board of County Commissioners of the County of DeKalb. (Res. 94-1, July 25, 1994)

26-2-1-3-2

Maximum Period of Tax Deductions. WHEREAS, the County Council of DeKalb County, Indiana recognizes the need to stimulate redevelopment or rehabilitation of certain areas located within County boundaries; and

WHEREAS, the County Council of DeKalb County, Indiana, further recognizes that the general health and welfare of its citizens would best be served by stimulating growth of existing businesses and industries located within the corporate boundaries;

WHEREAS, further stagnation of the businesses and industries located within the County boundaries constitute a menace to the social and economic interests of the County of DeKalb, Indiana , and its inhabitants; and

WHEREAS, it will be of public utility and benefit to foster redevelopment and rehabilitation of businesses and industries located within the county limits; and

WHEREAS, as certain areas within DeKalb County have become undesirable for or impossible of normal development and occupancy because of lack of development, cessation of growth, deterioration of Improvements or character of occupancy, age, obsolescence, substandard buildings and other factors which have impaired values and prevented normal development and use of property.

NOW THEREFORE, BE IT RESOLVED by the County Council of DeKalb County, Indiana, that;

The areas described on Exhibit "A", shall be designated as economic revitalization areas.

There is on file with the County Auditor, an aerial plat of the County showing the location of the real estate.

Also attached to the Resolution is Exhibit "B" a list of all the owners of the real estate described in Exhibit "A". Incorporated by reference to this Resolution and made a part hereof are all of the aerial maps of DeKalb County maintained by the DeKalb County Auditor. All numbers listed on Exhibit "B" are the numbers used on said maps showing the location of each parcel of property described in Exhibit 181 to said Resolution.

All of the businesses and industries located within the areas designated as economic revitalization areas shall qualify for the deductions in real and personal property taxes provided in Indiana Code, Sections 6-1.1-12.1-1 through 6-1.1-12-6 as amended from time to time.

A property owner who desires to obtain the deduction must file a certified deduction application, on forms prescribed by the State Board of Tax Commissioners, with the Auditor of DeKalb County. Except as otherwise provided in subsection 38, the application must be filed before May 10 of the year in which the addition to assessed valuation is made, as provided in Indiana Code 6-1.1-12.1-5(A)

If notice of the addition to assessed valuation or new assessment for any year is not given to the property owner before April 10 of that year, the application required by this section may be filed not later than thirty (30) days after the date such a notice is mailed to the property owner at the address shown on the records of the township assessor, as provided in Indiana Code 6-1.1-12.1-5(B).

The application required by this section shall contain the following information:

1)	the name of the property owner;
2)	a description of the property for which a deduction is claimed in sufficient detail to afford identification;
3)	the assessed value of the improvements before rehabilitation;
4)	the increase in the assessed value of improvements resulting from the rehabilitation;
5)	the assessed value of the new structure in case of redevelopment; and
6)	the amount of the deduction claimed for the first year of the deduction. All as provided in Indiana Code 6-1.1012.1-5(C)

A deduction application filed under this section is applicable for the year in which the addition to assessed value or assessment of a new structure is made and in the immediate following nine (9) years, four (4) years in the case of new manufacturing equipment, without and additional application being filed. However, property owners who had an area designated as an economic revitalization area pursuant to an application filed prior to January 1, 1979, are only entitled to a deduction for a five (5) year period, as provided for in Indiana Code *6-1.1-12.1-5(D).

A property owner who desires to obtain the deduction provided for by law but who fails to file a deduction application within the dates provided for above may file an application between March 1 and May 10 of a subsequent year which shall be applicable for the year filed and the subsequent year without any additional application being filed for the amount of the deduction that would apply to the remaining years as if the deduction application had been filed on time, as provided in Indiana Code 6-1.1-12.1-5(E).

On verification of the correctness of an application by the assessor of the township in which the property is located, the County Auditor shall make the deduction.

This Resolution shall remain in full force and effect until repealed by ordinance or resolution of the County Council of DeKalb County or by legislative acts of the Indiana General Assembly.

(New Manufacturing Equipment) A person that desires to obtain the deduction provided by section 4.5 of this chapter must file a certified deduction application, on forms prescribed by the State Board of Tax Commissioners, with the Auditor of the County in which the new manufacturing equipment is located, and with the State Board of Tax Commissioners. The application must be filed between March 1 and May 10 of the year the new manufacturing equipment is installed.

The application required by this section shall contain the following information:

1)	the name of the owner of the new manufacturing equipment;
2)	a description of the new manufacturing equipment;
3)	proof of the date the new manufacturing equipment was installed; and
4)	the amount of the deduction claimed for the first year of the deduction.

A deduction application filed under this section is applicable for the year in which the new manufacturing equipment is installed and the immediately succeeding four (4) years without any additional application being filed.

The State Board of Tax Commissioners shall review and verify the correctness of each application, and shall notify the County Auditor of the county in which the property is located that the application is approved or denied, or that the amount of the deduction is altered. Upon notification of approval of the application or of alteration of the amount of the deduction, the County Auditor shall make the deduction.

Relocation of business due to state highway project:

If after December 31, 1981, and before January 1, 1984, a person is forced to move his business from one (1) location to another due to a state highway project and the now .area the person locates his business in is declared an economic revitalization area after the person has relocated his business, that person is entitled to the deduction provided herein starting the first year that the area is declared an economic revitalization area. However, the amount of a deduction that a person may utilize for a particular year equals the amount the person would be entitled to received for that year if the business had not been forced to relocate.

To claim a deduction under this section, a person shall use the procedures provided by Indiana Code 6-1.1-12.1-5.

This Resolution adopts by reference all provisions of Indiana Code, Sections 6-1.1-12.1-1 through 6-1.1-12.1-6 and any provisions of this Resolution may conflict with said state statute are null and void and the provisions of the Indiana Code shall apply. Any provisions of this Resolution that conflict with any amendments to the above cited sections of the Indiana Code shall be deemed amended upon passage of said amendments by the State legislature. This resolution shall be for the benefit of manufacturing business or industry only which create twelve (12) or more new jobs. All applicants must comply with all state and local legal requirements including but not limited to zoning and health laws.

(Res. 83-12, passed November 7, 1983)

26-2-1-4

Lease between DeKalb County Redevelopment Authority and DeKalb Redevelopment Commission. WHEREAS, the DeKalb County redevelopment Authority (the "Authority") at a meeting on August 23, 1994 adopted Resolution No. 2-1994, which approved a proposed lease between the Authority and the DeKalb County Redevelopment Commission (the "Commission") to be dated as of September 1, 1994, for certain local public improvements to be located within the DeKalb County Economic Development Area (the "Area") established by the Commission in its Resolution No. 1-1994 adopted on July 14, 1994, including certain projects identified in the economic development plan for the Area approved by the Commission in said Resolution (the "Projects"), and directed the Secretary of the Authority to file a copy of said lease, as approved, with the Commission; and

WHEREAS, the Commission, at a meeting on August 23, 1994, approved the proposed lease, scheduled a public hearing on said lease to be held on September 13, 1994, pursuant to IC 36-7-14-25.2, and authorized the publication of a notice of public hearing on said lease pursuant to IC 5-3-1; and

WHEREAS, the County Council desires to approve said lease, pursuant to IC 36-7-14-25.2, which provides that any lease approved by a resolution of the Commission must be approved by an ordinance of the fiscal body of the unit.

NOW, THEREFORE, BE IT ORDAINED BY THE DEKALB COUNTY, INDIANA, COUNTY COUNCIL AS FOLLOWS:

1.	That the County Council finds that the rental payments, as approved by the Commission, are fair and reasonable, and further finds that the use of the Project throughout the terms of the lease will serve the public purpose of the County of DeKalb, Indiana (the "County"), and is in the best interests of its residents.
2.	The County Council hereby approves said lease, as approved by the Commission, pursuant to IC 36-7-14-25.2, in substantially the form provided at this meeting and attached hereto as Exhibit "A".
3.	This ordinance shall be in full force and effect from and upon compliance with the procedures required by law. (Ord. 94-9, passed September 13, 1994)

26-2-1-5

Pledge of CEDIT Tax to Redevelopment Commission. WHEREAS, the County of DeKalb, Indiana (the "County"), has previously entered into a Memorandum of Understanding, dated as of the 20th day of June, 1994 (the "MOU"), with the State of Indiana, the City of Butler, Indiana (the "City"), the DeKalb County Redevelopment Commission (the "Commission"), the DeKalb County Redevelopment authority (the "Authority") and Steel Dynamics, Inc. ("SDI") pursuant to which SDI has agreed to locate a steel mini-mill and related facilities in the county and pursuant to which the governmental entities referred to herein have agreed to provide certain economic incentives to facilitate the location of the steel mini-mill in the County; and

WHEREAS, the Commission has previously designated and declared an area in the County to be known as the DeKalb County Economic Development Area (the "Area") and has also designated the Area as an allocation area for purposes of tax increment finance; and

WHEREAS, the Authority has been created pursuant to I.C. 36-7-14.5 as a separate body, corporate and politic, and as an instrumentality of the County to finance local public improvements for lease to the Commission (the "Commission"); and

WHEREAS, the Authority intends to issue bonds pursuant to I.C. 36-7-14.5-19 to be known as the "DeKalb County Redevelopment Authority, DeKalb County, Indiana, Series 1995 A Bonds (Mini-Mill Local Public Improvement Project) (the "Bonds"), the proceeds of which are to be used to finance the costs of: (i) constructing and equipping a pollution control facility to be operated in conjunction with the operation of a steel mini-mill to be constructed in the Area by SDI and (ii) issuance of the Bonds (the "Project"); and

WHEREAS, the Authority intends to lease the Project to the Commission pursuant to a lease dated as of September 1, 1994 (the "Lease"), and entered into by the Commission pursuant to the provisions of I.C. 36-7-14-25.2; and

WHEREAS, pursuant to the Lease, the Commission is obligated to make semi-annual Lease rental payments to the Authority, and, prior to the issuance of the Bonds, the Commission will pledge to levy a special tax upon all of the taxable property in the County of DeKalb Redevelopment District in a total amount, together with all other funds available for such purpose, sufficient to make such Lease rental payments; and

WHEREAS, the Commission anticipates that sufficient other funds will be available to the Commission to make the required Lease rental payments with such other funds being derived from tax increment ("TIF") revenues allocated to the Commission and generated in the Area and County Economic Development Income Tax ("CREDIT") revenues received from the County and the City of Butler, Indiana; and

WHEREAS, the Redevelopment Commission has requested that the County pledge its share of the CEDIT revenues it expects to receive beginning in 1995 and during the period in which the commission in required to make Lease rental payments to the Authority to permit the Commission to make the required Lease rental payments to the Authority from TIF revenues and as much of the CEDIT revenues as may be necessary to avoid, if possible, the special tax levy to make the Lease rental payments; and

WHEREAS, the County anticipates that the City will adopt a resolution pledging fifty percent (50%) of its share of CEDIT revenues to the County pursuant to I.C. 6-3.5-7-15(a) (2) for the purpose of making the Lease rental payments; and

WHEREAS, I.C. 6-3.5-7-13.1(b) (2) permits the County to pledge its share of CEDIT revenues to the payment of lease rentals under any statute for a capital project and I.C. 36-7-14-25.5 permits the county to pledge revenues for the payment of lease rentals payable under I.C. 36-7-14-25.2;

NOW, THEREFORE, BE IT RESOLVED by the DeKalb County Board of County Commissioners, DeKalb County Indiana, as follows:

The DeKalb County Board of County Commissioners (the "County Commissioners") hereby irrevocably pledges on an annual basis all CEDIT revenues which the County may receive for use, as necessary, by the Commission to make the Lease rental payments specified in the Lease. Upon receipt of a certificate from the Commission of June 30 and December 30 of each year indicating the amount of CEDIT revenues the Commission will require in addition to TIF revenues to make the next following Lease rental payment, the County Commissioners will cause such amount to be deposited into the Mini-Mill Project Principal and Interest Account of the Redevelopment District bond Fund to be created by the Commission (the "Account").

Within thirty (30) days following payment of the Lease rental payment next following December 30 of each year, the County Commissioners will cause (i) the amount of CEDIT revenues not used for the two (2) preceding Lease payments up to an amount at least equal to the amounts listed in Exhibit A attached hereto and incorporated herein to be deposited into the Account and (ii) a certificate to be provided to the commission providing the amount of said deposit. The County Commissioners agree that the County will not spend any CEDIT revenues collected each year until said deposit is made in accordance with the provisions hereof.

The provisions hereof shall be construed to create a trust in the CEDIT revenues and this resolution shall not be repealed or amended in any manner which would serve to adversely affect the pledge of the CEDIT revenues contained herein. This pledge of CEDIT revenues contained herein shall continue for as long as the Commission is required to make Lease rental payments under the Lease.

This resolution shall be in full force and effect from and after its adoption by the County Commissioners.

EXHIBIT A

DEKALB COUNTY CEDIT REVENUES

MINIMUM AMOUNT TO BE DEPOSITED

WITH THE REDEVELOPMENT COMMISSION

YEAR	COUNTY & BUTLER CEDIT
OF PROJECT	TO PROJECT
1995	$ 594,656.
1996	$ 624,442.
1997	$ 655,419.
1998	$ 687,636.
1999	$ 704,679.
2000	$ 705,987.
2001	$ 742,227.
2002	$ 734,700.
2003	$ 764,088.
2004	$ 794,652.
2005	$ 826,438.
2006	$ 859,496.
2007	$ 893,875.
2008	$ 929,630.
2009	$ 966,816.
2010	$1,005,488.
2011	$1,045,708.
2012	$1,087,536.
2013	$1,131,038.
2014	$1,176,279.
2015	$1,223,330.
2016	$1,272,263.
2017	$1,323,154.

(Res. 95-2, passed January 16, 1995)

Chapter 2
Redevelopment Projects

26-2-2

Redevelopment Projects.

26-2-2-1

Nucor Economic Revitalization Area. WHEREAS, the County Council of DeKalb County, Indiana, recognizes the need to stimulate redevelopment and rehabilitation of certain areas located within the County; and

WHEREAS, further stagnation of business and industry in the County constitutes a menace to the social and economic interests of the County and its inhabitants; and

WHEREAS, it is of public utility and benefit to foster redevelopment and rehabilitation of businesses and industries located within the County; and

WHEREAS, certain areas within DeKalb County have become undesirable for or impossible for normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevents normal development and use of the property.

NOW THEREFORE BE IT RESOLVED by the County Council of DeKalb County, Indiana, that:

The following described real estate in DeKalb County, Indiana, shall be designated as an "Economic Revitalization Area":

Tract I: A part of the Southwest quarter (1/4) of the Southeast quarter (1/4) of Section Fourteen (14), Township Thirty-three (33) North, Range Fourteen (14) East, Concord Civil Township, DeKalb County, Indiana and more particularly described as follows:

Beginning at the southeast corner of the southwest quarter (1/4) of the Southeast quarter (1/4) of said Section Fourteen (14); thence North on and along the east line of said quarter-quarter (1/4-1/4) section 298.3 feet to the southerly right-of-way line of the Baltimore and Ohio Railroad; thence northwesterly on and along said southerly railroad right-of-way line, 151.4 feet more or less; thence South parallel the east line of said quarter-quarter (1/4-1/4) section 317.7 feet more or less to the south line of said quarter-quarter (1/4-1/4) section; thence East on and along the south line of said quarter-quarter (1/4-1/4) section, 150.0 feet to the point of beginning, containing 1.1 acre more or less.

Tract II: A part of the Northeast quarter (1/4) of Section Twenty-three (23), Township Thirty-three (33) North, Range Fourteen (14) East, Spencer Civil Township, DeKalb County, Indiana and more particularly described as follows:

Beginning at a point on the north line of the Northeast quarter (1/4) of said Section Twenty-three (23), 275 feet West of the northeast corner of said quarter (1/4) section; thence West on and along the north line of said quarter (1/4) Section, 1220 feet; thence South parallel the east line of said quarter (1/4) section, 820 feet; thence West parallel the north line of said quarter (1/4) section, 200 feet; thence South parallel the east line of said quarter (1/4) section, 115 feet; thence East parallel the north line of said quarter (1/4) section, 200 feet; thence South, 1160 feet more or less to the extended south line of real estate of Nucor Corporation; thence East on and along the south line and extended south line of real estate of Nucor Corporation, 1495 feet more or less to the east line of said quarter (1/4) section; thence North on and along the east line of said quarter (1/4) section, 1712 feet more or less to a point 371 feet South of the northeast corner of said quarter (1/4) section; thence West parallel the north line of said quarter (1/4) section, 275 feet; thence North parallel the east line of said quarter (1/4) section, 371 feet to the point of beginning, containing 69.9 acres more or less.

which real estate is illustrated on the attached survey drawing marked "Exhibit A" and made a part hereof by this reference.

The owners of the real estate described above are: Vulcraft A Division of Nucor Corporation, Nucor Fastener, a Division of Nucor Corporation, and the Town of St. Joe, Indiana.

All of the businesses and industries located within the area designated as an Economic Revitalization Area shall qualify for the deductions in assessment of real and personal property values provided in Indiana Code section 6-1.1-12.1-1 et. seq., as the same is amended from time to time.

The deduction from assessed value of real property located within the Economic Revitalization Area shall be for a maximum period of ten (10) years from the period of first assessment of the improvements.

A property owner who desires to obtain the deduction from real property must file an application on forms prescribed by the State Board Of Tax Commissioners with the Auditor of DeKalb County and shall be filed before May 10th of the year in which the addition to assessed valuation is made. An application for deduction from the value of new manufacturing equipment shall be filed on forms approved by the State Board Of Tax Commissioners with the County Auditor and the State Board Of Tax Commissioners.

(a)	If notice of the addition to assessed valuation or new assessment for any year is not given to the property owner before April 10th of that year, the application may be filed not later than thirty (30) days after the date such notice is mailed to the property owner at the address shown on the records of the Township Assessor.
(b)	The application required by this section shall contain the information required in Indiana Code 6-1.1-12.1-5 or 6-1.1-12.1-5.5.
(c)	A deduction application filed under this section is applicable for the year in which the addition to assessed value or assessment of a new structure is made and in the succeeding nine (9) years in the event of real property or the succeeding four (4) years in the event of new manufacturing equipment.
(d)	A new deduction application is not required for succeeding years of the real estate assessment deduction, however, an annual application must be filed with regard to a deduction application for new manufacturing equipment, pursuant to Indiana Code 6-1.1-12.1-5-5.
(e)	A property owner who desires to obtain the deduction provided for by law but who fails to file a deduction application within the dates provided for above may file an application between March 1 and May 10th of a subsequent year which shall be applicable for the year filed. In the event of real estate assessment it shall be applicable for subsequent years without any additional application, however, in the event of an application for deduction of value in new manufacturing equipment subsequent annual applications shall be filed each year.
(f)	In the case of a real estate assessment deduction, on verification of the correctness of an application by the Assessor of the township in which the property is located, the County Auditor shall send a copy of the application to the County Council who shall then verify the length of the deduction and direct the County Auditor to make the deduction. In the event of a new manufacturing equipment valuation deduction, the Auditor shall forward same to the State Board Of Tax Commissioners and upon receipt of notice by the County Auditor from the State Board Of Tax Commissioners that the application is approved, the County Auditor shall make the deduction in accordance with the directions of the State Board Of Tax Commissioners.

This resolution shall remain in full force and effect until repealed by ordinance or resolution of the DeKalb County Council.

This resolution adopts by reference all provisions of Indiana Code section 6-1.1-12.1-1 through 6-1.1-12.1-6 and any provisions of this resolution that may conflict with said statute are null and void and the provisions of the Indiana Code shall apply. Any provisions of this resolution that conflict with any amendments to the above section shall be deemed amended upon passage of said amendments by the General Assembly. This resolution shall be for the benefit of manufacturing business or industry only which create twelve (12) or more new jobs. All applicants must comply with State and local requirements, including but not limited to zoning and health laws.

(Res.86-3, passed November 3, 1986)

26-2-2-2

Steel Dynamics, Inc. Economic Revitalization Area.

26-2-2-2-1

Inducement Resolution. WHEREAS, the County of DeKalb has been requested by Steel Dynamics, Inc., Air Products & Chemicals, Inc., and Heidtman Steel, Inc. (the"Applicant") to find pursuant to I.C. 6-1.1-12.1-2 that the area described in Exhibit A (the "Area") is an Economic Revitalization Area; and

WHEREAS, the Area is located within the Jurisdiction of the DeKalb County Council for the purposes set forth in I.C. 6-1.1-12.1-2-; and

WHEREAS, the Applicants plan to construct in the Area a steel mini-mill and related facilities (the " Project"), and in support of their request, the Applicants have submitted to the Council an Application describing the Project (the "Application") and a Statement of Benefits related to each of the Applicants, which Statements of Benefits are attached as exhibits to the Application; and

WHEREAS, the Project will consist of the construction of new structures on the presently unimproved real estate (the "Redevelopment") and the installation of new manufacturing equipment acquired by the Applicants as owners for use in the direct production, manufacture, fabrication, assembly, processing, refining or finishing of other tangible personal property (the "Equipment"); and

WHEREAS, the improvement of the Area described in the Applications will be of public utility and will be to the benefit and welfare of all citizens and taxpayers of DeKalb County;

NOW, THEREFORE, BE IT RESOLVED, by the County Council of DeKalb County that, based on the information in the Application describing the proposed Project, the Council makes the following findings:

(1)	The Area has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, age, obsolescence, and other factors which have impaired values and prevented a normal development of property and use of property.
(2)	The estimate of the value of the Redevelopment is reasonable for projects of that nature.
(3)	The estimate of the cost of the Equipment is reasonable for equipment of that type.
(4)	The estimate of the number of individuals who will be employed in connection with the Project can be reasonably expected to result from the proposed Redevelopment and from the installation of the Equipment.
(5)	The estimate of the annual salaries of those individuals who will be employed in connection with the Project can be reasonably expected to result from the proposed Redevelopment and from the proposed installation of the Equipment.
(6)	The other benefits described in the Application can be reasonably expected to result from the proposed Redevelopment and the proposed installation of the Equipment.
(7)	The totality of these benefits justifies the granting of real and personal property tax deductions to the Applicants pursuant to I.C. 6-1.1-12.1-3 and 6-1.1-12.1-4.5.
(8)	The area described in the application includes land not zoned for industrial development and this council now approves only the area described in Exhibit "A" attached hereto and made a part hereof as the Economic Revitalization Area. BE IT ALSO RESOLVED, by the County Council of DeKalb County, Indiana, that the Area is hereby declared to be an "Economic Revitalization Area" pursuant to I.C. 6-1.1-12.1. BE IT ALSO RESOLVED, that the period for real property tax deductions under I.C. 6-1.1-12.1-4 for redevelopment or rehabilitation in the Area shall be ten (10) years and the period for personal property tax deductions under I.C. 6-1.1-12.1-4.5. for new manufacturing equipment installed in the Area shall be ten (10) years. BE IT ALSO RESOLVED, that pursuant to IC. 6-1.1-12.1-2.5, there shall be published notice of the adoption and substance of this Resolution in accordance with I..5-3-1, which notice shall name a date for the public hearing on this matter and at the conclusion of said public hearing the Council may take final action on the proposed designation, and a copy of this Resolution shall be filed with and shall be available for inspection in the office of the DeKalb County Assessor. EXHIBIT "A" LEGAL DESCRIPTION: A tract of land situated in Sections 27, 28, and 33, in T34N, R14E, DeKalb County, the State of Indiana, more fully described as follows: Commencing at the Northwest corner of the Southwest Quarter of said Section 28; thence Southerly along the West line of said Southwest Quarter to the Southwest corner thereof, thence Southerly alone the West line of the Northwest Quarter of said Section 33 to the Southwest comer thereof, thence Southerly along the West line of the Southwest Quarter of said Section 33 to the centerline of State Highway #8; thence Easterly along said centerline to a point 300 feet West of the East line of the West half of said Southwest Quarter; thence Northerly along a line parallel with and 300 feet West of the East line of the West half of said Southwest Quarter to the North line thereof; thence Easterly along the North line of said Southwest Quarter to the Northeast comer thereof; thence Easterly along the South line of the Northeast Quarter of said Section 33 to the Southeast corner thereof, thence Northerly along the East line of said Northeast Quarter to the Northeast corner thereof, thence Northerly along the West line of the Southwest Quarter of said Section 27 to the Southwest corner of the North half of said Southwest Quarter; thence Easterly along the South line of the North half of said Southwest Quarter to the West right-of-way line of the Norfolk and Southern Railroad; thence Northeasterly along said West right-of-way line to the North line of the Southeast Quarter of said Section 27; thence Westerly along the North line of said Southeast Quarter to the Northwest comer thereof; thence Westerly along the North line of the Southwest Quarter of said Section 27 to the Northwest corner thereof; thence Westerly along the North line of the Southeast Quarter of said Section 28 to the Northwest corner thereof; thence Westerly along the North line of the Southwest Quarter of said Section 28 to the place of commencing, said tract containing 745 Acres, more or less, and being subject to all public road rights-of-way and to all easements of record. (Res 94-2A, Passed August 5, 1994)

26-2-2-2-2

Confirmatory Resolution. WHEREAS, the County of DeKalb has been requested by Steel Dynamics, Inc., Air Products & Chemicals, Inc., and Heidtman Steel Products, Inc. (the "Applicants")to find pursuant to I.C. 6-1.1-12.1-2 that the area described in Exhibit A (the "Area") is an Economic Revitalization Area;

WHEREAS, the Area is located within the jurisdiction of the DeKalb County Council for the purposes set forth in I.C. 6-1.1-12.1-2;

WHEREAS, the applicants plan to construct in the area a steel mini-mill and related facilities (the "Project), and in support of their request, the Applicants have submitted to the Council an Application describing the project (the "Application") and a Statement of Benefits related to each of the Applicants, which Statements of Benefits have been attached as exhibits to the Application;

WHEREAS, pursuant to I.C. 6-1.1-12.1-2, on August 11, 1994 the Council passed Resolution No. 94-2 (the "Declaratory Resolution") designating the Area an Economic Revitalization Area and granting real and personal property tax abatement in the Area for a period of ten (10) years;

WHEREAS, in compliance with I.C. 6-1.1-12.1-2.5, the Council published notice describing the adoption and substance of the Declaratory Resolution and stating that on the date hereof, the Council will hold a public hearing (the "Public Hearing") at which it will receive and hear all remonstrances and objections from interested persons, with respect to the Application and the Declaratory Resolution;

WHEREAS, in compliance with I.C. 6-1.1-12.1-2.5, on the date hereof the Council held the Public Hearing at which it received, heard and considered evidence concerning the Application and any remonstrances or objections with respect to the Application and the Declaratory Resolution; and

WHEREAS, pursuant to I.C. 6-1.1-12.1-2.5, the Council desires to take final action to confirm the Declaratory resolution;

NOW, THEREFORE, BE IT RESOLVED, by the County Council of DeKalb County that, based on the information in the Application describing the proposed Project and Council's consideration of evidence and any objections or remonstrances heard and received at the Public Hearing, the Council makes the following findings:

(1)	The Area has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, age, obsolescence, and other factors which have impaired values and prevented a normal development of property and use of property.
(2)	The estimate of the value of the Redevelopment is reasonable for projects of that nature.
(3)	The estimate of the cost of the equipment is reasonable for equipment of that type.
(4)	The estimate of the number of individuals who will be employed in connection with the Project can be responsible expected to result from the proposed Redevelopment and from the installation of the Equipment.
(5)	The estimate of the annual salaries of those individuals who will be employed in connection with the Project can be reasonably expected to result from the proposed Redevelopment and from the installation of the Equipment.
(6)	The other benefits described in the Application can be reasonably expected to result from the proposed Redevelopment and the proposed installation of the Equipment.
(7)	The totality of these benefits justifies the granting of real and personal property tax deductions to the Applicants pursuant to I.C. 6-1.1-12.1-3 and 6-1.1-12.1-4.5. BE IT ALSO RESOLVED, by the County Council of DeKalb County, Indiana, that the area is hereby declared to be an "Economic Revitalization Area" pursuant to I.C. 6-1.1-12.1. BE IT ALSO RESOLVED, that the period for real property tax deductions under I.C. 6-1.1-12.1-4 for redevelopment or rehabilitation in the Area shall be ten (10) years and the period for personal property tax deductions under I.C. 6-1.1-12.1-4.5 for new manufacturing equipment installed in the Area shall be ten (10) years. BE IT ALSO RESOLVED, that this action confirming the Declaratory Resolution is final, except for the limited rights of appeal provided under I.C. 6-1.1-12.1-2.5. (Res 94-3, passed August 23, 1994)

26-2-2-3

Affiliated Metals Company. WHEREAS, the County of DeKalb has been requested by Affiliated Metals Company (the "Applicant") to find pursuant to I.C. 6-1.1-12.1-2 that the area described in Exhibit A (the "Area") is an Economic Revitalization Area;

WHEREAS, the Area is located within the jurisdiction of the DeKalb County Council for the purpose set forth in I.C. 6-1.1-12.1-2;

WHEREAS, the Applicants plan to construct in the Area commercial/industrial facility (the "Project"), and in support of their request, the Applicant has submitted to the Council an Application describing the Project (the "Application") and a Statement of Benefits related tot he Applicant, which Statement of Benefits has been attached as an exhibit to the Application;

WHEREAS, the Project will consist of the construction of new structures on the presently unimproved real estate (the "Redevelopment") and the installation of new manufacturing equipment acquired by the Applicant as owner for use in the direct production, manufacture, fabrication, assembly, processing, refining or finishing of other tangible personal property (the "Equipment");

WHEREAS, pursuant to I.C. 6-1.1-12.1-2, on the 7th day of August, 1995, the Council passed Resolution No. 95-5 the "Declaratory Resolution) designating the Area an Economic Revitalization Area indicating an intent to grant real and personal property tax abatement in the Area for a period of ten 10) years;

WHEREAS, in compliance with I.C. 6-1.1-12.1-2.2, the Council directed that notice be published describing the adoption and substance of the Declaratory Resolution and stating that on this date the Council would hold a public hearing (the "Public Hearing"). All remonstrances and objections from interested persons with respect to the Application and the proposed tax reduction are now heard.

WHEREAS, in compliance with I.C. 6-1.1-12.1-5, on this date, the Council has held the Public Hearing at which is received, heard and considered evidence concerning the Application and any remonstrances or objections with respect to the Application and the proposed tax reductions.

WHEREAS, pursuant to I.C. 6-1.1-12.1-2.5, the Council desires to take final action to confirm the tax reduction allowances.

NOW THEREFORE BE IT RESOLVED, by the County Council of DeKalb County that, based on the information in the Application describing the proposed Project and the Council's consideration of evidence and any objections or remonstrances heard and received at the Public Hearing, the Council makes the following findings:

1.	The Area meets the requirements of law as a revitalization area.
2.	The estimate of the value of the Redevelopment is reasonable for projects of that nature.
3.	The estimate of the cost of the Equipment is reasonable for equipment of that type.
4.	The estimate of the number of individuals who will be employed in connection with the Project can be reasonably expected to result from the proposed Redevelopment and from the installation of the Equipment.
5.	The estimate of the annual salaries of those individuals who will be employed in connection with the Project can be responsible expected to result from the proposed Redevelopment and from the proposed installation of the Equipment.
6.	The other benefits described in the Application can be reasonably expected to result from the proposed Redevelopment and the proposed installation of the Equipment.
7.	The totality of those benefits justifies the granting of real and personal property tax deduction to the Applicant pursuant to I.C. 6-1.1-12.1-3 and 6-1.1-12.1-4.5. BE IT ALSO RESOLVED, by the County Council of DeKalb County, Indiana, that the Area is hereby declared to be an "Economic Revitalization Area" pursuant to I.C. 6-1.1-12.1. BE IT ALSO RESOLVED, that the period for real property tax deductions under I.C. 6-1.1-12.1-4 for redevelopment or rehabilitation in the Area shall be ten (10) years and the period for personal property tax deductions under I.C. 6-1.1-12.1-4.5 for new manufacturing equipment installed in the Area shall be ten (10) years. BE IT ALSO RESOLVED, that this action confirming the Declaratory Resolution is final, except for the limited rights of appeal provided under I.C. 6-1.1-12.1-2.5. (Res. 95-5, passed August 24, 1995)

26-2-2-4

Omni Source Corporation. WHEREAS, the County of DeKalb has been requested by Omni Source Corporation (the "Applicant") to find pursuant to I.C. 6-1.1-12.1-2 that the area described in Exhibit A (the "Area") is an Economic Revitalization Area;

WHEREAS, the Area is located within the jurisdiction of the DeKalb County Council for the purpose set forth in I.C. 6-1.1-12.1-2;

WHEREAS, the Applicants plan to construct in the Area commercial/industrial facility (the "Project"), and in support of their request, the Applicant has submitted to the Council an Application describing the Project (the "Application") and a Statement of Benefits related to the Applicant, which Statement of Benefits has been attached as an exhibit to the Application;

WHEREAS, the Project will consist of the construction of new structures on the presently unimproved real estate (the "Redevelopment") and the installation of new manufacturing equipment acquired by the Applicant as owner for use in the direct production, manufacture, fabrication, assembly, processing, refining or finishing of other tangible personal property (the "Equipment");

WHEREAS, pursuant to I.C. 6-1.1-12.1-2, on the 7th day of August, 1995, the Council passed Resolution No. 95-6 (the "Declaratory Resolution) designating the Area an Economic Revitalization Area indicating an intent to grant real and personal property tax abatement in the Area for a period of ten (10) years;

WHEREAS, pursuant to I.C. 6-1.1-12.1-2.5, the Council desires to take final action to confirm the tax reduction allowances.

1.	The Area meets the requirements of law as a revitalization area.
2.	The estimate of the value of the Redevelopment is reasonable for projects of that nature.
3.	The estimate of the cost of the Equipment is reasonable for equipment of that type.
4.	The estimate of the number of individuals who will be employed in connection with the Project can be reasonably expected to result from the proposed Redevelopment and from the installation of the Equipment.
5.	The estimate of the annual salaries of those individuals who will be employed in connection with the Project can be responsible expected to result from the proposed Redevelopment and from the proposed installation of the Equipment.
6.	The other benefits described in the Application can be reasonably expected to result from the proposed Redevelopment and the proposed installation of the Equipment.
7.	The totality of those benefits justifies the granting of real and personal property tax deduction to the Applicant pursuant to I.C. 6-1.1-12.1-3 and 6-1.1-12.1-4.5. BE IT ALSO RESOLVED, by the County Council of DeKalb County, Indiana, that the Area is hereby declared to be an "Economic Revitalization Area" pursuant to I.C. 6-1.1-12.1. BE IT ALSO RESOLVED, that the period for real property tax deductions under I.C. 6-1.1-12.1-4 for redevelopment or rehabilitation in the Area shall be ten (10) years and the period for personal property tax deductions under I.C. 6-1.1-12.1-4.5 for new manufacturing equipment installed in the Area shall be ten (10) years. BE IT ALSO RESOLVED, that this action confirming the Declaratory Resolution is final, except for the limited rights of appeal provided under I.C. 6-1.1-12.1-2.5 (Res. 96-5, passed August 24, 1995)

ARTICLE 3
DEKALB COUNTY REDEVELOPMENT AUTHORITY

26-3

WHEREAS, the County Council and the County Commissioners of DeKalb County, Indiana, desire to provide for the completion of redevelopment or economic development projects in DeKalb County, Indiana (the "County"), including such redevelopment or economic development projects which may be beneficial to or assist with the construction and development of a thin slab casting steel mill and related facilities which will be completed by Steel Dynamics, Inc., in the County;

WHEREAS, the County by ordinance of the DeKalb County Council and the DeKalb County Commissioners has created and established the DeKalb County Department of Redevelopment in conformance with I.C. 36-7-14-3 to be governed by the DeKalb County Redevelopment Commission (the "Commission") with the approval and adoption of an ordinance at its meeting on March 7, 1994;

WHEREAS, I.C. 36-7-14.5 provides that a unit having a redevelopment commission may establish a redevelopment authority controlled by a board of three (3) members which may assist a redevelopment commission in undertaking such redevelopment or economic development projects; and

WHEREAS, the County Council desires to establish a redevelopment authority;

NOW, THEREFORE, BE IT ORDAINED by the DeKalb County Council and the DeKalb County Commissioners in joint session, DeKalb, Indiana, as follows:

1. The DeKalb County Redevelopment Authority (the "Authority") is hereby created and established for the purposes and with all rights, powers, privileges and immunities now or hereafter granted to it by law, as a separate body corporate and politic and as an instrumentality of the County.

2. This Ordinance shall be in full force and effect from and after its adoption by the County Council and County commissioners this date.

(Ord. 94-3, passed March 16, 1994)

Chapter 1
Tax-Exempt Status of the DeKalb County
Redevelopment Authority Will Not Be Endangered

26-3-1

Tax-Exempt Status of the DeKalb County Redevelopment Authority Will Not Be Endangered. WHEREAS, DeKalb County, Indiana (the "County") entered into a memorandum of Understanding, dated as of the 20th day of June, 1995 (the "MOU"), with the State of Indiana, the City of Butler, Indiana (the "City"), the DeKalb County Redevelopment Authority (the "Authority"), the DeKalb County Redevelopment Commission (the "Commission") and Steel Dynamics, Inc. ("SDI"), pursuant to which SDI has agreed to locate a steel mini-mill and related facilities in the County and pursuant to which the governmental entities referred to herein have agreed to provide certain economic incentives to facilitate the location of the steel mini-mill in the County; and

WHEREAS, the DeKalb County Redevelopment Authority (the "Authority") has been created pursuant to I.C. 36-7-14.5 as a separate body, corporate and politic, and as an instrumentality of the County to finance local public improvements for lease to the Commission: and

WHEREAS, the Authority intends to issue bonds in an aggregate principal amount of Nineteen million Four Hundred Sixty-Five Thousand and 00/100 Dollars ($19,465,000.00) pursuant to I.C. 36-7-14.5-1 et seq. to be known as the DeKalb County Redevelopment Authority, DeKalb County, Indiana, Series A 1995 Bonds (Mini-Mill Local Public Improvement Project)" (the "Bonds"), the proceeds of which are to be used to finance the costs of: (i) constructing and equipping a pollution control facility and (ii) issuance of the Bonds (the "Project"), which bonds are to be secured by a Trust Agreement between the Authority and Fort Wayne National Bank, as Trustee, dated as of February 15, 1995 (the "Trust Agreement"); and

WHEREAS, the Authority intends to lease the Project to the Commission pursuant to a Lease dated as of September 1, 1994, between the Authority and the Commission, as amended and restated by an Amended and Restated Lease dated as of February 15, 1995 (the "Lease"); and

WHEREAS, the County Board of Commissioners (the "Board of Commissioners") desires to confirm that the County will not take any action or fail to take any action with respect to the Bonds that would result in the interest on the Bonds being includable in gross income for federal income tax purposes and further desires to confirm these covenants with respect to Sections 4 (f) or 4 (g) of the MOU;

NOW, THEREFORE, BE IT RESOLVED, BY THIS DEKALB COUNTY, INDIANA, BOARD OF COMMISSIONERS AS FOLLOWS:

The Board of Commissioners hereby confirms prior to the delivery of the Bonds by the Authority that the County will not take any actions or fail to take any action with respect to the Bonds that would result in the interest on the Bonds being includable in gross income for federal income tax purposes, and specifically that the County will take no action to enforce the provisions of Sections 4 (f) of 4 (g) of the MOU prior to the receipt by either the Authority, the Commission or the County of a ruling from the Internal Revenue Service to the effect that the enforcement of such Sections will not result in the interest on the Bonds being includable in gross income for federal income tax.

This Resolution shall be in full force and effect from and after its adoption by the Board of Commissioners.

(Res. 95-3, passed April 3, 1995)

Chapter 2
DeKalb County Redevelopment Authority Bonds

26-3-2

DeKalb County Redevelopment Authority Bonds. WHEREAS, the DeKalb County Redevelopment Authority (the "Authority") adopted its Resolution No. 3-1995 on March 7, 1995, indicating its intent to issue lease rental revenue bonds pursuant to I.C. 3607014.5 (the "Bonds") to finance the acquisition and construction of certain local public improvements hereinafter described which are necessary to serve the DeKalb County Economic Development Area (the "Area") established by the DeKalb County Redevelopment Commission (the "Commission") in its Resolution No. 1-1994 adopted on July 14, 1994; and

WHEREAS, the Authority adopted its Resolution 4-1995 on March 7, 1995, approving a proposed lease dated as of March 1, 1995, for said local public improvements (the "Lease") and authorizing the execution of said Lease, which Lease was executed on April 26, 1995; and

WHEREAS, the Authority adopted its Resolution 10-1995 on December 18, 1995, reaffirming its intent to issue the Bonds in an aggregate principal amount not to exceed Two Million Three-Hundred Seventy-five Thousand and 00/100 Dollars ($2,375,000.00); and

WHEREAS, the Authority authorized the publication of a Notice of Public Hearing regarding the Project pursuant to Treas. Reg. 5f.103-2 and said Notice of Public Hearing was published on May 16, 1996, in the Auburn Evening Star and the Garrett Clipper; and

WHEREAS, the Authority has conducted the public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and Treas. Reg. 5f.103-2 on May 30, 1996, following which it adopted a resolution reaffirming its intent to issue the Bonds;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE COUNTY OF DEKALB, INDIANA, AS FOLLOWS:

1.	The Board of Commissioners hereby approves of the issuance of the Bonds by the Authority for the purpose of financing certain sewage collection system improvements consisting of a sewer line and a lift station which are to be located generally along the CONRAIL Railroad tracks in Wilmington Township and State Road 206 from the City of Butler, Indiana (the "City") to the Area and improvements to the City's sewage treatment plant which is located at 695 E. Green Street in the City to expand its capacity (hereinafter referred to collectively as the "Project"). The aggregate maximum principal amount of the Bonds shall not exceed Two Million Three Hundred Seventy-five Thousand and 00/100 Dollars ($2.375,000.00). During the period of the financing, the Project will be owned by the Authority and operated by the City.
2.	The Board of Commissioners approval of the project is intended to comply with the provisions of Section 147(f) of the Code. The Board of Commissioners is the "applicable elected representative" as defined in Section 147(f)(1)(E), being the chief elected executive of the County of DeKalb, Indiana.
3.	This resolution shall be in full force and effect from and after its adoption by the Authority. (Res. 96-6, passed June 3, 1996)

Chapter 3
Sewer Easement for State Road 206
(Now County Road 61)

26-3-3

Sewer Easement for State Road 206 (Now County Road 61).

ARTICLE 4
INDIANA AREA III MANPOWER
AREA PLANNING COUNCIL

26-4

WHEREAS, it is to the mutual benefit of the communities of Northeastern Indiana and their residents that such communities work together to combat the evils of unemployment, to facilitate the exchange of information concerning job openings; to develop means of training individuals to perform in jobs best suited to their individual qualifications and otherwise to provide a climate of employment opportunities which will permit the utilization of maximum individual potential while furthering the welfare of the communities involved; and

WHEREAS, there is in existence an organization known as the Indiana Area III Manpower Area Planning Council (MAPC) which exercises jurisdiction within the Counties of Allen, DeKalb, LaGrange, Noble, Steuben and Whitley; and

WHEREAS, said Indiana Area III MAPC is peculiarly well suited to further the purposes set out herein above: and

WHEREAS, the structure of said Indiana Area III MAPC is such as to render the organization peculiarly responsive to the needs of its constituent communities,

NOW THEREFORE, be it resolved by the undersigned Board of County Commissioners;

(1)	that County Commissioners of each respective County ratifies and approves the affiliations of said County in connection with the organization of the Indiana Area III MAPC and in connection with the carrying on of the activities in said Indiana Area III MAPC;
(2)	that each Board of County Commissioners authorizes and directs the executive officers of its community to continue to further the purposes of said Indiana Area III MAPC as expressed in its charter. (Res. 73-2, passed December 3, 1973)

Chapter 1
Community Focus Fund Application

26-4-1

Community Focus Fund Application. WHEREAS, the Commissioners of DeKalb County, Indiana recognize the need to stimulate growth and to maintain a sound economy within its corporate limits; and

WHEREAS, the Housing and Community Development Act of 1974, as amended, authorizes the Indiana Department of Commerce to provide grants to local units of government to meet the housing and community development needs of low and moderate income persons; and

WHEREAS, the Commissioners of DeKalb County, Indiana will conduct public hearings prior to the submission of an application to the Indiana Department of Commerce, said public hearings to assess the housing, public facilities and economic needs of its low and moderate income residents;

NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of DeKalb County, Indiana that;

The President of the Board of Commissioners is authorized to prepare and submit an application for grant funding to address the need for construction of a sanitary sewer system in the St. Joe-Spencerville Regional Sewer District, and to execute and administer a resultant grant including requisite general administration and project management, contracts and agreements pursuant to regulations of the Indiana Department of Commerce and the United States Department of Housing and Urban Development.

The Board of Commissioners of DeKalb County, Indiana hereby commit the requisite local funds in the amount of $2,255,000.00, in the form of $2,005,000.00 to be borrowed by the St. Joe-Spencerville Regional Sewer District through the State Revolving Loan Fund (a Program administered by the Indiana Department of Environmental Management), $55.000.00 in re-captured Community Development Block Grant funds to be contributed to the project, and $195,000.00 in recaptured Community Development Block Grant funds to be lent to the regional sewer district for the project, as matching funds for said program, such commitment to be contingent upon receipt of CFF funding from the Indiana Department of Commerce.

(Res 092391, passed September 16, 1991)

ARTICLE 5
COMMUNITY BLOCK GRANT

26-5

WHEREAS, the DeKalb County Commissioners intend to file an application with the Indiana Department of Commerce for the purpose of obtaining approximately $385,000. of Community Development Block Grant monies through its Investment Incentive Program for a Project totalling approximately $3,850,000. to provide partial financing for needed capital in equipment purchases by an industry to be located within DeKalb County,

NOW THEREFORE, be it resolved that we, the DeKalb Board of County Commissioners, hereby direct and authorize the President of the DeKalb Board of County Commissioners to act as signatory for this application and to act on our behalf in connection with this grant, including all assurances and understanding therein, and to provide such additional information to the Indiana Department of Commerce as may be required for proper execution of the grant.

(Res. 83-10, passed October 17, 1983)

Chapter 1
Community Development Block Grant Money

26-5-1

Community Development Block Grant Money. WHEREAS, The DeKalb County Board of Commissioners intend to file an application with the Indiana Department of Commerce for the purpose of obtaining approximately $198,000 of Community Development Block Grant monies through its Investment Incentive Program for a project totaling approximately $1,250,000. to provide partial financing for needed capital in equipment purchases by an industry to be located within DeKalb County,

NOW THEREFORE, Be it resolved that we, the DeKalb County Board of Commissioners, hereby direct and authorize the President of the DeKalb County Board of Commissioners to act as signatory for this application and to act on our behalf in connection with this grant, including all assurances and understanding therein, and to provide such additional information to the Indiana Department of Commerce as may be required for proper execution of the grant.

(Res. 83-11, passed November 7, 1983)

ARTICLE 6
WATERLOO ECONOMIC DEVELOPMENT PROJECT

26-6

The Town of Waterloo and the Economic Development Commission requested the County waive jurisdiction over an economic development project outside the corporate limits of the town. This is an 85 acre area at SE corner of I-69 and US 6. Resolution was signed by the County Commissioners and County Council in joint session waiving jurisdiction

NOW THEREFORE BE IT RESOLVED: That the County Council and the County Commissioners of DeKalb County, Indiana, a body politic and municipal corporation in the State of Indiana, do now in joint session waive jurisdiction of the county to the Town of Waterloo, Indiana and the Economic Development Commission of the Town of Waterloo for the specific purpose of allowing said Economic Development Commission and said town to complete an economic development project in the area specifically described in Exhibit "A" attached hereto and made a part hereof.

(Res. 110584, passed November 5, 1984)

ARTICLE 7
ASHLEY ECONOMIC DEVELOPMENT
COMMISSION MEMBER APPOINTMENT

26-7

WHEREAS, pursuant to I.C. 36-7-11.9 and 12 (the "Act"), the Town of Ashley passed an ordinance creating an economic development commission of the Town of Ashley; and

WHEREAS, pursuant to the Act, the County Council of DeKalb County is authorized to nominate a member to the Ashley Economic Development Commission;

NOW THEREFORE, BE IT RESOLVED, that pursuant to the provisions of the Act, the County Council of DeKalb County hereby nominates Don Shipe of Ashley, Indiana, as its nominee for membership on the Ashley Economic Development Commission.

(Res. 97-3, passed March 3, 1997)

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TITLE 26 ECONOMIC DEVELOPMENT

ARTICLE 1 DEPARTMENT OF ECONOMIC DEVELOPMENT

Chapter 2 Economic Development Projects

ARTICLE 2 DEKALB COUNTY REDEVELOPMENT COMMISSION

Chapter 1. Redevelopment Commission

Chapter 2 Redevelopment Projects

ARTICLE 3 DEKALB COUNTY REDEVELOPMENT AUTHORITY

Chapter 1 Tax-Exempt Status of the DeKalb County Redevelopment Authority Will Not Be Endangered

Chapter 2 DeKalb County Redevelopment Authority Bonds

Chapter 3 Sewer Easement for State Road 206 (Now County Road 61)

ARTICLE 4 INDIANA AREA III MANPOWER AREA PLANNING COUNCIL

Chapter 1 Community Focus Fund Application

ARTICLE 5 COMMUNITY BLOCK GRANT

Chapter 1 Community Development Block Grant Money

ARTICLE 6 WATERLOO ECONOMIC DEVELOPMENT PROJECT

ARTICLE 7 ASHLEY ECONOMIC DEVELOPMENT COMMISSION MEMBER APPOINTMENT