Laserfiche WebLink
• '0335" Htrrt <br /> a; <br /> •'` "�'Vii/ <br /> a ; <br /> City of South Bend <br /> C 4) $, Joseph E. Kernan, Mayor <br /> ''x 1865 <br /> "�C3.Y_rY14�1 y, <br /> Department of Administration and Finance <br /> • Kevin C. Horton <br /> November 1, 1993 <br /> Mr. Steve Luecke, President <br /> South Bend Common Council <br /> 4th Floor, County-City Building <br /> South Bend, IN 46601 . <br /> Re: An Ordinance of the Common Council of <br /> the City of South Bend, Indiana, Appropriating <br /> Ninety-Nine Thousand Two Hundred Dollars ( $99,200) <br /> from the City of South Bend General Fund <br /> Dear Mr. Luecke: <br /> I am attaching an Ordinance appropriating $99,200 from the <br /> City' s General Fund for the purpose of purchasing the Studebaker <br /> National Museum building and grounds. <br /> As you are aware, in 1985 the City entered into a land <br /> contract for the purchase of this property. Interest is being <br /> paid on the remaining principal balance at a rate of 8%. The <br /> land contract allows for an early payoff without penalty to the <br /> City. The appropriation for which approval is sought will allow <br /> the City to pay off the remaining principal balance and cover <br /> certain closing costs. <br /> Your favorable recommendation is respectfully requested. <br /> Sincerely, <br /> • <br /> • <br /> Kevin C. Orton <br /> City Controller <br /> KCH/j l <br /> Attachment . <br /> County-City Building • South. Bend, Indiana 46601 • 219/235-9216 Fax 219/235-9928 <br /> Catherine A. Hubbard Jeffrey A. Rinard Isabel Gonzalez <br /> Personnel Director Finance Director Safety & Risk Manager <br />