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e 5 y 8. �1 <br /> . ' - / lei <br /> \\\77.-'iii.,! e ; City of South Bend <br /> Joseph E. Kernan, Mayor <br /> 1�\ x' 186 <br /> Department of Economic Development <br /> Jon R. Hunt Ann E. Kolata <br /> Executive Director Deputy Executive Director <br /> February 2, 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 $343, 600 in Urban Development Action Grant <br /> reimbursement funds into the following accounts. <br /> First, $243,600 will be used to "buy-out" Community Development <br /> Block Grant funds currently being used in the Neighborhood <br /> Business Development Corporation's revolving loan program. <br /> This action will enhance the program by streamlining the <br /> process and allowing for potential expansion of services. <br /> Second, $100, 000 will be set aside for predevelopment costs <br /> (appraisals; surveys; environmental, engineering, and market <br /> studies, etc. ) related to future economic development projects <br /> within the City. <br /> If you have any questions regarding this bill, please call me. <br /> Sincerely, <br /> • <br /> 40 <br /> i. '•eth Leo ..ro <br /> Director <br /> Financial and Program Management <br /> cc: Jon Hunt <br /> Don Inks <br /> Ann Kolata <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 />