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120U COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/ 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY SL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />May 2, 2008 <br />South Bend Common Council <br />Fourth Floor Council Chambers <br />227 W. Jefferson Boulevard <br />South Bend, IN 46601 <br />Dear Council Members: <br />The attached bill for your consideration and approval will appropriate $1,000,000 from the <br />Industrial Development Fund, Fund 434, for repayment of the Section 108 Loan for the <br />Studebaker/Oliver Project. As required by Indiana Code 36-7-13-5, the Council may not conduct <br />any business requiring expenditures from Fund 434 without the approval, in writing, of a <br />majority of the members of the South Bend Advisory Commission on Industrial Development. <br />On May 2, 2008 the Advisory Commission on Industrial Development met and unanimously <br />approved Resolution No. 7-2008 recommending that the $1,000,000 received for Fiscal Year <br />2007 be appropriated and spent for the repayment of the Section 108 Loan for the <br />Studebaker/Oliver Project. A copy of Resolution No. 7-2008 is attached for your review. <br />I will attend the Council meeting when the ordinance is considered. Contact me at 235-9374 or <br />akolata(c~southbendin.gov if you have any questions. <br />Sincerely, <br />~."' ~ ~ , <br />Ann E. Kolata <br />Senior Redevelopment Specialist <br />File in ~1~i•~'~ Cifisve <br />~,1 AY - 7 200 <br />JC`~N VOOSD~ <br />Cf7Y CLEtir;, S0. eE?•iD, til. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD O ~~/ ~ <br />FAX: 574/235-9697 574/235-9371 I <br />(` ! <br />