9545-04 Appropriating $3,468,840 from Fund #212 for the purpose of degraying the expenses of CED

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ORDINANCE NO. ^ ~ S ~ S 'O AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROPRIATING $3,468,840 FROM THE COMMUNITY DEVELOPMENT FUND (FUND 212) FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND, INDIANA, AND DESIGNATED SUBGRANTEE AGENCIES FOR THE PROGRAM YEAR BEGINNING JANUARY 1, 2005, TO BE ADMINISTERED THROUGH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. Statement of Purpose and Intent: The government of the City of South Bend, in partnership with the City's private sector and residents, is committed to the goal of improving the "quality of life" in the City, its neighborhoods, and for its residents. As part of this commitment to a comprehensive community development and improvement program, the City of South Bend, through its Department of Community and Economic Development, will apply for and anticipates receiving on or about January 1, 2005 the approval of the United States Department of Housing and Urban Development to expend $3,468,840.00 in the execution of certain housing rehabilitation/assistance, code enforcement, public improvement, neighborhood development, public service, and general program planning and development activities. In order to implement the aforementioned activities, funds are required. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $3,468,840.00 is hereby appropriated for the program year starting January 1, 2005, for the City of South Bend's Community Development Block Grant Fund (Program Year 2005). The appropriation shall be used as approved by the United States Department of Housing and Urban Development under Title Twenty-four (24) of the Code of Federal Regulations, Part Five Hundred and Seventy (570) for the Community Development Program Year 2004. This appropriation shall be administered by the Department of Community and Economic Development and its designated subgrantees and will be distributed as set forth below: B-OS-MC-18-0011 Community Development Program South Bend Home Improvement Program Community Homebuyer's Corp.- 80/20 Program REWARD $425,000 300,000 40,000 South Bend Heritage Foundation -Near West Side AcquisitionlDemolition/Rehab 221,500 South Bend Heritage Foundation Administration 150,000 Rebuilding Together 80,000 South Bend Heritage Foundation - NE Neighborhood Acq., Demo & Rehab 350,000 H:\ORDINANCE\OCT.2005 ORDINANCE.DOC