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; City of South Bend <br /> �' ��`•`• `� ... Joseph E. Kernan, Mayor <br /> Department of Administration and Finance <br /> Katherine Humphreys, Director <br /> June 20, 1990 <br /> Thomas Zakrzewski <br /> President <br /> Common Council <br /> 400 County-City Bldg. <br /> South Bend, Indiana 46601 <br /> Dear Tom: <br /> Attached please find an Ordinance requesting an appropriation for <br /> $80,000 in the Department of Economic Development. As you may <br /> recall, in 1989 we appropriated an additional $80,000 into the <br /> Department of Economic Development. The purpose of this $80,000 was <br /> to cover predevelopment expenses associated with the Studebaker <br /> Corridor Bond issue. These expenses included appraisals, title work, <br /> and other miscellaneous expenses associated with the Bond issue. At <br /> the time this money was appropriated to Economic Development, we <br /> recognized that it might be at risk if the Bond issue failed. It was <br /> also intended that if the Bond issue was successful, the money would <br /> be reimbursed from Bond proceeds. <br /> Since we have closed on the Bond and the money has been <br /> reimbursed to the General Fund, we are now requesting that this <br /> $80,000 be reappropriated to the Department of Economic Development. <br /> The purpose of the 1990 appropriation is again to cover <br /> predevelopment costs for several projects. Either Jon Hunt or I will <br /> be happy to answer any questions you might have regarding this <br /> appropriation. I look forward to discussing with you further. <br /> Sinc-rely, <br /> ' a herine Humphreys <br /> Director of Administration <br /> and Finance <br /> KH:j b•c County-City Building • South Bend, Indiana 46601 • 219/284-9742 Fax 219/284-9892 <br /> attachment <br /> Catherine A. Hubbard John D. Leisenring C. J. Cartwright <br /> Personnel Director Chief Deputy Controller Safety & Risk Manager <br /> 284-9124 284-9483 284-9482 <br />