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ORDINANCE NO. 1 S~b~©y <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,INDIANA <br />APPROPRIATING $10,000 WITHIN FUND 212 FOR THE PURPOSE OF PROTECTING THE <br />CITY'S INTEREST IN OUTSTANDING LOANS <br />Statement of Purpose and Intent: <br />In order to assure the efficient and timely utilization of Community Development Block <br />Grant funds in accordance with the permissible uses of CDBG Program Income, certain <br />appropriations are needed: <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The sum of $10,000 is hereby appropriated within Fund 212 for costs of <br />collection, including, but not limited to: redemption of properties, upon which the City has a <br />mortgage, at tax sale; and necessary filing fees, lease commissions, etc. on properties which <br />produce CDBG program income. _ <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 />a ,limit <br />Me ber of the Common uncil <br />Attest: <br />Ci Cle <br />Presented by me to the Mayor of the City of South Bend, Indiana on the ~ -4-~ day <br />of ~,,n~ , 2~~, at 0 ~So o'clock 0~ , m. <br />~~" ~ ti ~ <br />c a <br />City Clerk <br />Approved and signed by me on the %/ day of ~ , 2~~ , at~y,~o'clock <br />m. <br />Mayor, City of uth Be , ~(~~~ CIOf k'~ C~~~iC~ <br />1 st READING ~ 01LS'd`~ <br />PUBLIC NEARING ~~-g-0`I OCT 1 9 2x04 <br />3 rd READING ~ 1-~" -Q'-~ <br />NOT APPROVED <br />REI:ERRED JOHN VOORDE <br />PASSED ~ ~-g -~ -1 CITY CLERK, S0. BEND, IN. <br />