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ORDINANCE NO. ~ ~ ~ S _ O <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING $248,000 OF UNITED STATES DEPARTMENT OF <br />HOUSING AND URBAN DEVELOPMENT ECONOMIC DEVELOPMENT <br />INITIATIVE GRANT FUNDS WITHIN FUND 209 FOR THE PURPOSE OF <br />REVITALIZATION OF THE STUDEBAKER/OLIVER REDEVELOPMENT AREA <br />Statement of Purpose and Intent: <br />President Bush signed into law the Consolidated Appropriations Act of 2005 on December 8, <br />2004. The Act provided the United States Department of Housing and Urban Development with <br />Economic Development Initiative funds for certain special projects including a $248,000 Economic <br />Development Initiative Grant for the City of South Bend, Indiana. It is necessary to appropriate these <br />funds for the purpose of conducting revitalization work in the Studebaker/Oliver Redevelopment <br />Project Area. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The sum of $248,000 from a United States Department of Housing and Urban <br />Development Economic Development Initiative grant, plus any interest earned thereon, is hereby <br />appropriated and set aside within Fund 209 for use in redevelopment activities (including <br />acquisition, relocation, demolition, site preparation, environmental studies and clean-up, disposition, <br />etc.) to take place in the Studebaker/Oliver Redevelopment Project Area. <br />SECTION II. This Ordinance shall be in full force and effect from and after its passage by <br />the Common Council and approval by the Mayor. <br />~~2--~ C~ <br />Member, South Bend Co on Council <br />Attest: -- <br />amity erk <br />Presented by me to the Mayor of the City of South Bend, Indiana on the ~~ day of <br />~^~~, 2 p~ , at 3 `~ 1 S o'clock ~. m. <br />~ ~ <br />City Cler <br />