Supporting the commitment of Public Sector Resources to the continued deveopment and revitalization of South Bend's Central Business District

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RESOLUTION NO. 583 -77 RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND SUPPORTING THE COMMITMENT OF PUBLIC SECTOR RESOURCES TO THE CONTINUED DEVELOPMENT AND REVITALIZATION OF SOUTH BEND'S CENTRAL BUSINESS DISTRICT. WHEREAS, the City of South Bend has embarked upon the development and revitalization of the South Bend Central Business District; and WHEREAS, the continued development and revitalization of South Bend's Central Business District is important to the quality of life of the total community and would be advantageous to the future growth and development of the City of South Bend; and WHEREAS, during the development and revitalization of the South Bend Central Business District, it will be necessary for the public sector to participate by providing services and facilities; and WHEREAS, the Common Council of the City of South Bend is interested in promoting development of the Central Business District, NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. That the Common Council of the City of South Bend will appropriate sufficient funds from its Community Development Block Grant Entitlement for Program Year 1978, to financially "closeout" Urban Renewal Project R -66 by August 31, 1978, but in no event shall such appropriation exceed forty (40) percent of such grant, SECTION II. That the Common Council of the City of South Bend will, as part of the "close -out" procedure, appropriate sufficient funds from General Revenue Sharing to pay the outstanding relocation claim for costs incurred in relocating Indiana Bell Telephone property within the Urban Renewal Project R -66. SECTION III. That the Common Council of the City of South Bend will appropriate funds for any cost overruns for public sector improvements undertaken in conjunction with the development of Century Mall from Community Development Block Grant funds, provided that in no case shall the allocation of Community Development funds exceed forty (40) percent of each Program Year Entitlement. SECTION IV. That the Common South Bend recognizes and acknowledges that assistance, other than previously committed Urgent Needs Grant funds, will be available Bend from the U.S. Department of Housing ani for public sector costs associated with the Council of the City of no further financial Project R -66 funds and to the City of South 3 Urban Development Century Mall project. SECTION V. This Resolution shall be in full force and effect immediately upon its passage by the Common Council of the City of South Bend, Indiana. FILED IN CLERK'S OFFICE Z��4�z_ Membervof the Common Council PRESENTED 9- Q6 - 7 7 NOT APPROVED Irene Gammon I signed only to provide an CITY CLERK, SOUTH BEND IND. opportunity for pablic di eus3jan ADOPTED 7 , - 9- 7 and Council action on the issue.