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BILL NO. <br /> ORDINANCE NO. /9 i949 <br /> AN ORDINANCE APPROPRIATING $600,000 <br /> OF SECTION 108 LOAN FUNDS, PLUS EARNED INTEREST, <br /> FOR USE IN WEST WASHINGTON/CHAPIN REVITALIZATION AREA <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to assure the efficient and timely utilization of <br /> Section 108 funds and that the immediate needs of specific <br /> activities are met, appropriation of funds is necessary. <br /> NOW, THEREFORE, BE IT ORDAINED by the Common Council of the <br /> City of South Bend, Indiana, as follows: <br /> SECTION I. The sum of $600, 000 of Section 108 loan funds plus <br /> interest earned on such funds is hereby appropriated for use for <br /> acquisition, relocation, clearance, and loan repayment costs in the <br /> West Washington/Chapin Revitalization Area. <br /> SECTION II. No costs will be incurred or funds expended for <br /> any of the activities in this ordinance prior to an official <br /> release of funds received from the United States Department of <br /> Housing and Urban Development as may be required. <br /> SECTION III. This ordinance shall be in full force and effect <br /> from and after its passage by the Common Council and approval by <br /> the Mayor. <br /> Le./ <br /> Membe "the Commipruncil <br /> el:appord <br /> II° lira 11411. <br /> MAY 1 7 1983 <br /> 1st READING 5- Aa g 9 � I 41% <br /> PUBLIC HEARING &—/Q'by �S <br /> 3 rd READING & <br /> NOT APP;Os "> <br /> REFERRED <br />