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REGULAR MEETING APRIL 23, 2007 <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION L That the Mayor of the City of South Bend, Indiana, is hereby <br />authorized to submit a Stipulated Remediation Grant application in an amount of <br />$100,000 to the Indiana Finance Authority on behalf of Michigan Street LLC for asbestos <br />abatement at 101 N. Michigan Street, South Bend, Indiana. <br />SECTION IL That the Mayor of the City of South Bend, Indiana shall file with <br />the Common Council a complete copy of the Stipulated Remediation grant application to <br />be submitted by the Mayor to the Indiana Finance Authority. <br />SECTION III. That for every activity, project, or program to be funded under this <br />resolution, the Mayor shall submit to the Common Council an appropriation ordinance <br />prior to expenditure of any funds received from the Indiana Finance Authority upon <br />approval of this application. <br />SECTION IV. That the Mayor shall be authorized to accept and affum the grant <br />should one be awarded. <br />SECTION V. That the City of South Bend, Department of Community and <br />Economic Development be designated as the agency and office administering on behalf <br />of the City of South Bend any grant awarded under this application. <br />SECTION VL That this resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />s/Timothy A. Rouse <br />Member of the Common Council <br />Councilmember Dieter, Chairperson, Community & Economic Development Committee <br />conducted a Public Hearing on this bill this afternoon to hear the pro's and con's and <br />voted to send it to the full Council with a favorable recommendation <br />Ms. Ann Kolata, Senior Redevelopment Specialist, Community & Economic <br />Development, 12~` Floor County-City Building, 227 W. Jefferson Blvd., South Bend, <br />Indiana, made the presentation for this Resolution. <br />Ms. Kolata advised that this bill authorizes the submission of a Stipulated Remediation <br />Grant application to the Indiana Finance Authority through the Indiana Brownsfields <br />Program. The Grant application is on behalf of Michigan Street, LLC for asbestos <br />abatement at 101 N. Michigan Street. The exact amount of the rmediation is not known <br />at this time so they are requesting a grant of up to $100,000. Ms. Kolata further advised <br />that according to the guidelines for the Stipulated Remediation Grant Program, the City <br />of South Bend must be the grant applicant. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Dieter made a motion to adopt this <br />Resolution. Councilmember Kelly seconded the motion which carried and the Resolution <br />was adopted by a roll call vote of eight (8) ayes. <br />25 <br />