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ORDINANCE NO. ~ 5 3S <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING $397,640 OF UNITED STATES DEPARTMENT OF <br />HOUSING AND URBAN DEVELOPMENT ECONOMIC DEVELOPMENT <br />INITIATIVE GRANT FUNDS WITHIN FUND 209 FOR THE PURPOSE OF <br />REDEVELOPMENT OF THE STUDEBAKER-OLIVER PROJECT AREA <br />Statement of Purpose and Intent: <br />On August 23, 2004 this Council approved a Resolution authorizing the Mayor to submit an <br />application to the United States Department of Housing and Urban Development (HUD) for a <br />$397,640 Economic Development Initiative Grant. The Mayor having submitted the application <br />which has been approved by HUD in the maximum sum of $397,640, it is necessary to appropriate <br />such funds for the purpose of demolition and revitalization work in the Studebaker/Oliver <br />Redevelopment Project. <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 $397,640 from a United States Department of Housing and Urban <br />Development Economic Development Initiative grant is hereby appropriated and set aside within <br />Fund 209 for use in redevelopment activities (including acquisition, relocation, demolition, site <br />preparation, environmental studies and clean-up, disposition, etc.) taking place in the Studebaker- <br />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 />Mem er, South Bend Co on Council <br />Att <br />City Jerk <br />Presented by me to the Mayor of the City of South Bend, Indiana on the ~~ day of <br />2~, at \2-`t~S o'clock ~. m. <br />City Cler <br />~-~~ <br />