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COUNTY -CITY BUILDING �. y �;,�;J�, . <br />227 W. JEFFERSON BOULEVARD h 'OUT1 PHONE 574 - 235 -9216 <br />SOUTH BEND, IN 46607 A FAX 574- 235 -9928 <br />PBJ1Clt <br />\~1865 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />OFFICE OF ADMINISTRATION & FINANCE <br />GREGG D. ZIENTARA, CITY CONTROLLER <br />July 21, 2010 <br />Mr. Derek Dieter ' <br />President, South Bend Common Council <br />4ffi Floor, County -City Building <br />South Bend, IN 46601 <br />Re: Ordinance Appropriating $57,027.00 from Economic Development Fund (#408) for Additional <br />Costs of the Northeast Triangle Development Project <br />Dear President Dieter: <br />On December 14, 2009, as a part of the 2010 capital budget, the Common Council passed Ordinance No. <br />9993 -09 which appropriated $410,000.00 in Economic Development Income Tax Fund (##408) for the <br />purpose of property acquisition and demolition of eight (8) units from the South Bend Housing Authority <br />as a part of the project to provide new housing in the proposed Eddy Knolls development area. <br />It is now necessary to request an increase in the previous Common Council appropriated monies due to <br />the discovery of asbestos covering the walls in six of the eight units. Increased demolition and abatement <br />standards apply due to the discovery of the asbestos which will increase the monies required to complete <br />the property demolition. As such, the City requests Common Council approval of an additional <br />appropriation in the amount of $57,027.00. <br />The total monies now required for this project will be $467,027.00, the originally appropriated <br />$410,000.00 plus the additional request $57,027.00. <br />The EDIT fund has sufficient cash reserves to fund this additional expenditure. <br />This ordinance to the Common Council at its Committee meeting and at the public hearing will be <br />presented by either Don Inks or Gregg Zientara. <br />Gregg DPentara <br />Controller fyr the City of South Bend <br />F&,d In Clerk' Offfice <br />JUL 2 1 2010 <br />vc���i�� <br />CITY Ctl iIK, � , KN1), ifs, <br />