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9647-05 Appropriation $647,380.93 within fund #209 for the redevelopment of Studebaker- Oliver
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9647-05 Appropriation $647,380.93 within fund #209 for the redevelopment of Studebaker- Oliver
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Last modified
12/13/2010 10:24:54 AM
Creation date
12/26/2007 1:19:50 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/28/2005
Ord-Res Number
9647-05
Bill Number
91-05
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ORDINANCE NO. t~ ! ~ ~~~ <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING $647,380.93 WITHIN FUND 209 FOR THE PURPOSE <br />OF REDEVELOPMENT OF THE STUDEBAKER-OLIVER PROJECT AREA <br />Statement of Purpose and Intent: <br />The Studebaker-Oliver Project is a significant brownfield revitalization project within <br />the City of South Bend, and funding the costs of this project is a priority. This ordinance <br />provides for the appropriation of non-tax revenue funds on deposit in the City's Fund No. <br />209 to pursue the necessary redevelopment activities in the Studebaker-Oliver project <br />area, including costs of acquisition, relocation, demolition, site preparation, environmental <br />assessment and remediation, and other similar costs. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The sum of $647,380.93 is hereby appropriated from and set aside <br />within Fund 209 for use in redevelopment activities (including acquisition, relocation, <br />demolition, site preparation, environmental assessment and remediation, disposition, etc.) <br />taking place in the Studebaker-Oliver Redevelopment Project Area. <br />SECTION li. This Ordinance shall be in full force and effect from and after its <br />passage by the Common Council and approval by the Mayor. <br />Member, South Bend Common Council <br />Attest: r°~ <br />Ci Cler <br />Presented by me to the Mayor of the City of South Bend, Indiana on the ~~ <br />day of 1~2.~cw.1~,~„r , 2 mss', at 1 '• z ~ o'clock ~. m. <br />City Cle <br />'"~-'~ . <br />
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