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ORDINANCE NO. ~ ~ ~ ~°~~ 1 <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING TWO MILLION DOLLARS ($2,000,000.00) FROM <br />URBAN DEVELOPMENT ACTION GRANT FUND N0.410, AND ALLOCATING ONE <br />MILLION DOLLARS ($1,000,000.00) TO POTAWATOMI ZOO AND ONE MILLION <br />DOLLARS ($1,000,000.00) TO THE KROC CENTER <br />STATEMENT OF PURPOSE AND INTENT <br />Within Urban Development Grant Fund No. 410 are monies paid back to the City by the <br />Business Development Corporation pursuant to agreement. These monies constitute <br />miscellaneous revenue of the City's Urban Development Grant Fund. This Ordinance <br />appropriates Two Million Dollars ($2,000,000.00) of those funds as follows: <br />One Million Dollars ($1,000,000.00) to be used for South Bend Potawatomi Zoo repair <br />and improvements; and <br />One Million Dollars ($1,000,000.00) to be used for the Kroc Center. <br />Both uses are in the best interest of the City and are appropriate under the terms of the Urban <br />Development Action Grant regulations. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA as follows: <br />Section I. The sum of Two Million Dollars ($2,000,000.00) is hereby set aside and <br />appropriated within Urban Action Grant Fund No. 410 as follows: <br />a. One Million Dollars ($1,000,000.00) for Potawatomi Zoo repair and <br />improvements; and <br />b. One Million Dollars ($1,000,000.00) for the City's agreed contribution to the <br />Kroc Center project. <br />Section II. This Ordinance shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />Member of the C on Council <br />