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CovNTr- CrrYBLuDING <br />227 W. JEFFERSON BLVD. <br />SOUTH BEND, INDLkNA 46601 -1830 <br />CITY OF SOLTI'I-I BEND STEPHEN J. LUECKE, MAYOR <br />PHONE 574 /235 -9216 <br />FAx 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 />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 />Ott Murphy <br />Assistant/Acting City Controller <br />Attachment <br />Filled std i.Z. id's office <br />T_ <br />JAN - 9 <br />5 Ntd l'OOROE <br />C^,Y UERK, SO. BEIM, IU. <br />JANICE L. HALL JOHN MURPHY - - RoBERTALLEN <br />DIRECTOR ASSISTANT CONTROLLER DIRECTOR <br />HUMAN RFsouRCEs INFoRMATIoNTEcHNoLocY <br />6 I(k'- <br />