Laserfiche WebLink
ORDINANCE NO. CI ~ `~ -`vo~ <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />APPROPRIATING $21,000,000, PLUS INTEREST EARNED THEREON, WITHIN FUND <br />212 FOR THE PURPOSE OF REDEVELOPMENT OF THE STUDEBAKER-OLIVER <br />PROJECT AREA <br />Statement of Purpose and Intent: <br />In order to assure the efficient and timely utilization of Community Development Block <br />Grant -Section 108 Funds in accordance with the community's Housing & community <br />Development Plan, certain appropriations are needed: <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 $21,000,000, plus interest earned thereon, is hereby <br />appropriated and set aside within Fund 212 for use in redevelopment activities (including <br />acquisition, relocation, demolition, site preparation, environmental studies and clean-up, <br />dispositions, etc.) taking place in the Studebaker-Oliver Redevelopment Project Area. Funds can <br />also be used for purposes of repaying this Section 108 loan, if appropriate. <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 />C <br />ember of the Commo Council <br />Attest: <br />Cler <br />esented by me to the Mayor of the City of South Bend, Indiana on the ~_ day of <br />'~ p~s~,i•,-,beN , 20~, at ~'. S 0 o'clock ~.m. <br />'~ ~, <br />Z <br />l~z,/~^-'~~City Clerk <br />Approved and signed by me on the // day of /1)1'V- , 200, <br />at ~ •' ~ o'clock m. <br />Stephen uecke, Mayor <br />1 st READING ~ ~`L'~~0 1 <br />PUBLIC HEARING ~ ~-g=~y <br />3rd READING ~`-~-~y <br />NOT APPROVED <br />REFERRED <br />PASSED ~~ ~-O~ <br />Filed In Cler~'~ ®ffice <br />OCT 1 9 2004 <br />JOHN VOORDE <br />CITY CLERK, S0. BEND, IN. <br />