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TommtUyet Irpurt <br />Ulu tot Townton (ffonnril of tlir (ditty of #nut4 Wimb: <br />Your Committee on Human Resources and Economic Development <br />to whom was referred A RESOLUTION OF THE COMMON COUNCIL OF THE CITY <br />OF S OUTH BEND, INDIANA, ESTABLISHING THE <br />AUTHORITY OF THE MAYOn TO DESIGNATE INDIVIDUALS <br />AUTHORIZED TO DRAW ON A LETTER OF CREDIT EXECUTED <br />FOR GRANTS UNDER TITLE I OF THE HOUSING AND <br />COMMUNITY DEVELOPMENT ACT OF 1974. <br />Respectfully report that they have examined the matter and that in their opinion <br />the council has been assured that this proceedure as <br />required by the Housing and Community Development Act <br />provides only for the receipt of funds by the city <br />from HUD and does not authorize any proceedure for the <br />disbursement of funds. The proceedure for the <br />disbursement of funds is subject to the resolution <br />passed by the council of Jan. 13, 1975 that provided <br />for a submission of a contract or budget within 90 days. <br />Therefore your committee recommends passage of this <br />resolution. <br />FREE PRESS � PUBLISHING CO. <br />Chairman <br />