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10122-11 Appropriation - $1,498,700 EDIT Fund #408 Infrastructure Investment (Steel Warehouse)
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10122-11 Appropriation - $1,498,700 EDIT Fund #408 Infrastructure Investment (Steel Warehouse)
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10/7/2011 6:06:11 PM
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10/7/2011 6:06:10 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/26/2011
Ord-Res Number
10122-11
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ORDINANCE NO. �� � �Z��� <br /> AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br /> INDIANA, APPROPRIATING THE SUM OF $1,498,700 FROM �CONOMIC <br /> DEVELOPMENT INCOME TAX (EDIT)FUND #408 FOR <br /> INFRASTRUCTURE INVESTMENT <br /> STATEMENT OF PURPOSE AND INTENT <br /> Steel Warehouse, an industrial concern, located at Riverside Boulevard and Angela Street <br /> in South Bend, Indiana, has decided, after weighing other options, to expand its facility at its <br /> South Bend site. This expansion will retain the existing labor force an'd will add new positions in <br /> South Bend. It is desirable for South Bend to proti�ide infrastructure improvement to <br /> accommodate the Steel Warehouse expansion consisting of linirsg and strengthening an existing <br /> 96" CSO trunk sewer pipe (360 feet). This appropriation will cover the cost of that infrastructure <br /> improvement. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br /> CITY OF SOUTH BEND, INDIANA as follows: <br /> SECTjON I. The sum of One Million Four Hundred Ninety-Eight Thousand Dollars <br /> ($1,498,000) be and hereby is appropriated and set aside within EDIT Fund #408 for purpose of <br /> infrastructure investment at the Steel Warehouse expansion site. <br /> SECTION II. This Ordinance shall be in full force and effect from and after its passage <br /> by the Common Council and approval by the Mayor. <br /> Member of the Common Council <br /> Attes� � <br /> City C e�k <br /> Uresented by me to the Mayor of the City of South Bend, Indiana on the ��day <br /> of�_, 2 d�_, at���o'clock� m. <br /> ,�.�� c� <br /> City lerk i (1i,�� <br />
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