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t i <br /> RESOLUTION NO. 18---62 <br /> RESOLUTION PROVIDING FOR INCREASE IN PLANNED <br /> EXPENDITLRE FOR CAPITAL IMPROVEMENT PROTECTS. <br /> WHEREAS, under the terms of Public Law 87-658, approved September 149 <br /> 1962, the United States of America has authorized the making of a grant to aid <br /> in financing the construction of a specific public works project, provided the <br /> proposed or planned total expenditure of the public body for its capital <br /> improvement projects is increased by an amount approximately equal to the <br /> non-Federal funds required to complete such public works project; <br /> Now, Therefore, Be It Resolved by the Common Council of the City of <br /> South Bend: <br /> 1. That as of the date of filing of an application by the Municipal <br /> City of South Bend, Indiana (hereafter called Applicant) with <br /> the Housing and Home Finance Agency, United States Government, <br /> for a grant to aid in financing the construction of storm <br /> sewers and street improvements the Applicant had a capital <br /> improvements plan or capital improvement budget for the fiscal <br /> year or years during which construction of the proposed project <br /> is expected to occur; and that the total expenditure for <br /> capital improvements in said plan or budget was $1,1009000.00 <br /> for the fiscal year ending 1962 and $190009000.00 for the <br /> fiscal year ending 1963. <br /> 2. That, in the event that said Federal grant is approved by the <br /> United States of America, said capital improvements plan or <br /> capital budget will be increased by $2909000.00 for the fiscal <br /> year ending 1962 and $5759000.00 for the fiscal year ending <br /> 1963 for a total increase of $865,000.00 in the proposed or <br /> planned total expenditure for capital improvement projects. <br /> 3. That said total increase in the proposed or planned total <br /> expenditure for capital improvement projects is approximately <br /> equal to the non-Federal funds required to complete the public <br /> works project for which the application is to be submitted. <br /> This resolution is adopted pursuant to the authority of the laws of <br /> the General Assembly of the State of Indiana and Ordinances of the City of <br /> South Bend, Indiana and further in compliance with the Ordinance of the <br /> Common Council of the City of South Bend, Indiana known as Ordinance No. <br /> 4410-61 and Authorization Ordinance No. 4501-62. <br /> Member Comm6nZo unc11 <br /> FILED IN CLERIC'S Will <br /> OCT 6 <br /> FREDA G. N09LE <br /> CITY CLERK-SOUTHBEND, IND. <br />