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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />November 1, 2004 <br />South Bend Common Council <br />4"' Floor, County City Building <br />227 West Jefferson <br />South Bend, IN 46601 <br />Dear Common Council Members: <br />Enclosed is an Ordinance appropriating $655,267, plus the interest earned thereon, which is tax <br />incremental revenue from the City of South Bend Studebaker/Oliver Community Revitalization <br />Enhancement District. These funds will be used to implement the Studebaker/Oliver <br />Redevelopment Strategy previously adopted by the Common Council. <br />This sum represents the state tax increment income from the CRED designated in the <br />Studebaker/Oliver Redevelopment Project Area. These revenues are for the state fiscal years <br />2002, 2003, 2004. <br />I respectfully request your approval of this Ordinance. Please contact me at 245-6112 with any <br />questions you have concerning this ordinance. I will be presenting this item at the Committee <br />and Council hearings. <br />Sincerely, <br />An y Laurent <br />Economic Development Specialist <br />Filed nl Clert~'s Office <br />t10V - 3 2004 <br />JOHN VOORDE <br />CITY CLERK, S0. BEND, IN. <br />COMMUNITY~DEVELOPMENT ECONOMIC DEVELOPMENT ~ FINANCIAL SL PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 EL¢AeErH LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />