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SouTN 8\����� <br /> i�►� \ City of South Bend <br /> �� Joseph E. Kernan,Mayor <br /> Department of Economic Development <br /> Jon R. Hunt Ann E. Kolata <br /> Executive Director Deputy Executive Director <br /> November 5, 1990 <br /> South Bend Common Council <br /> Fourth Floor Council Chambers <br /> 400 County-City Building <br /> South Bend, IN 46601 <br /> Dear Council Member: <br /> The attached bill for your consideration and approval will <br /> appropriate $321, 187 of Urban Development Action Grant <br /> Reimbursement Funds for the Buy-out of a portion of the BDC loan <br /> portfolio. The buy-out will result in additional CDBG program <br /> income which has been used in calculating the 1991 Program Year <br /> CDBG allocations. <br /> If you have any questions regarding this bill, please call me. <br /> Sincerely, <br /> / 44111 61 <br /> liz. •eth Leo. . <br /> Direc or <br /> Financial and Progr:m Management <br /> cc: Jon Hunt <br /> Marcia Townsend <br /> John March <br /> 1200 County-City Building • South Bend, Indiana 46601 • 219/284-9371 Fax 219/284-9892 <br /> Redevelopment Economic Development Housing Rehabilitation Financial & Program Human Rights <br /> Ann Kolata & Business Assistance Kathryn Baumgartner Management Cynthia Love-Bush <br /> 284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355 <br /> 284-9335 284-9475 284-9335 <br />