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~~ ~ ~~~ <br />~ c~pUTH 6 <br />~ O gl~,il~l/;%~4O <br />Community & Economic Development ~'~~~v~~ <br />J865_ ~ <br />1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235 <br />9021 <br />To: Redevelopment on mi i n and Board of Public Works <br />From: Ann Kola <br />Subject: Brownfields Cleanup Revolving Loan Fund -Approval of Loan Agreement, <br />Promissory Note and Grant Agreement -Environmental Remediation at 1100 Prairie <br />Avenue <br />Date: August 2, 2010 <br />The attached documents finalize asub-grant and a loan fi-om the City of South Bend to the South <br />Bend Redevelopment Commission for Environmental Remediation at the former Studebaker foundry <br />located at 1100 Prairie Avenue. The sub-grant is in the amount of $160,000 and the Loan is in an <br />amount not to exceed 5500,000. These funds were awarded to the City of South Bend by the U.S. <br />EPA. The remediation will address environmental issues associated with the demolition of the <br />former Foundry. The Board of Public Works gave preliminary approval of the sub-grant and loan on <br />January 1 1, 2010. <br />Please contact me at 235-9374 or akolata~southbendin.~~o~~ if you have any questions. <br />