10097-11 Appropriation - $1,708,707 Community Development Fund #212 Neighborhood Stabilizatin Program 3

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ORDINANCE NO. I � �� 1 v�I AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROPRIATING$1,708,707 FROM THE COMMUNITY DEVELOPMENT FUND (FUND 212) FOR THE NEIGHBORHOOD STABILIZATION PROGRAM 3 FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND,INDIANA,AND DESIGNATED SUBGRANTEE AGENCIES FOR THE PROGRAM YEAR BEGINNING, MARCH 8, 2011,TO BE ADMINISTERED THROUGH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPIVIENT. Statement of Purpose and Intent: The government of the City of South Bend,in partnership with the City's private sector and residents, is committed to the goal of improving the quality of life in the City, its neighborhoods, and for its residents. As part of this commitment to a comprehensive community development and improvement program, the City of South Bend, through its Department of Community and Economic Development,has applied for and has received on March 8, 2011 the approval of the United 5tates Department of Housing and Urban Development to experid $1,708,707 in the execution of certain housing rehabilitation/assistance, neighborhood development, and general program planning and development activities. In order to implement the aforementioned activities, funds are required. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of$1,708,707 is hereby appropriated for the program year starting March 8, 2011, for the City of South Bend's Community Development Block Grant/Neighborhood Stabilization Program 3 (Program Year 2011). The appropriation shall be used as approved by the United States Department of Housing and Urban Development under the Wall Street Reform and Consumer Protection Act of 2010, American Recovery and Reinvestment Act of 2009, and the Housing and Economic Recovery Act of 2008 (Public Laws 111-203,111-005, and 110-289) and of the Code of Federal Regulations, Part Five Hundred and Seventy(570) for Community Development and as modified Neighborhood Stabilization Program 3. This appropriation shall be administered by the Department of Community and Economic Development and its designated subgrantees, in accordance with the 2011 Housing and Community Development(HCD) Action Plan and Amendment, which are hereby approved and incorporated by reference with respect to the following distributions: B-11MN-18-0011 Neighborhood Stabilization Program 3 Dept. of Community&Economic Development- Admin 105,000 Northeast Neighborhood Revitalization Organization 1,603,707 Permanent Rental Housing for Special Needs Population 493,067