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(-- <br /> OUTH �Il <br /> %j\d III <br /> \ Vi 1' r j d City of South Be <br /> nd <br /> 1 `L �.7/11 j Joseph E. Kernan, Mayor 1 Il <br /> l4 }, <br /> , . _a s65 <br /> Department of Economic Development <br /> Jon R. Hunt Ann E. Kolata <br /> Executive Director Deputy Executive Director <br /> February 16, 1989 <br /> South Bend Common Council <br /> 4th 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 transfer <br /> $334,550. 00 among CD Accounts. The reductions reflect unobligated. <br /> balances at the end of current contracts as well as additional <br /> program income expected and funds to "roll over" for the South Bend <br /> Central Development Area. The increases will accomplish the <br /> following: <br /> 1. Roll over $84,869 in 1986 funds to cover outstanding <br /> obligations in the continuing SBCDA Revolving Loan fund program <br /> administered by Center City Associates. <br /> 2 . Appropriate an additional $95,000 for the SBCDA Revolving Loan <br /> fund for use on an acceptable Avon Theatre financing package. <br /> 3. Provide $154, 681 for acquisition, relocation, and clearance in <br /> the Monroe Park area. <br /> Please call me if you have any questions regarding this bill. <br /> Sincerely, <br /> 40, +, r 9 <br /> Eli tt,eth Le• • • <br /> Director <br /> Financial and Program Management <br /> EL:ml/f <br /> cc: Jon Hunt <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 Mary E. Allen <br /> 284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355 <br /> 284-9335 284-9475 284-9335 <br />