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CovNTY Crrr BUILDING <br />227 W JEFFERSON BLVD. <br />SoUTx B£Nn> INDIANA 46601-1830 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />PxoN£ 574/ 235-9216 <br />Fnx 574/235-9928 <br />TDD 574/ 235-5567 <br />DEPARTMENT OF ADMINISTRATION AND FINANCE <br />M. CATHERINE FANELLO <br />CONTROLLER <br />January 2, 2008 <br />~1~ ~o~ 0~ 6~' <br />Mr. Timothy Rouse, President <br />South Bend Common Council <br />4th Floor, County-City Building <br />South Bend, IN 46601 <br />Dear President Rouse: <br />The attached bill for your consideration and approval will appropriate $5,300,000 from <br />the Major Moves Construction Fund to pay for infrastructure costs relating to the Eddy <br />Street Commons and Triangle Development. Beginning in 2011, the Major Moves Fund <br />will be repaid principal and interest at 5% from tax increment revenue over 15 years. <br />Don Inks and I will present this bill to the Common Council. <br />Please feel free to contact me if you have any questions. Thank you for your favorable <br />consideration of this ordinance. <br />Sincerely, <br />~l ~ <br />o H. Murphy <br />Assistant/Acting City Controller <br />Attachment <br />r- <br />JAN - 9 ~ <br />JCNTd l'©GRDE <br />C"Y Cl.~~~K, sC. 8El~D, Ill. <br />JAxICE L. HAi T JoFnv MuRrt-~ Rosa.RTALLEN <br />DIRECTOR ASSLSTANT CONTROLLER DIRECTOR <br />HUMAN RESOURCES INFORMATIONTECxNOLOCY , <br />