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1200 CouNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDV+NA 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 ~ ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />January 2, 2007 <br />South Bend Common Council <br />227 W. Jefferson Blvd, Suite 400 <br />South Bend, IN 46601 <br />Dear Council Members: <br />The attached bill for your consideration and approval will appropriate $1,000,000.00 from the <br />Industrial Development Fund, Fund 434, for demolition activities and repayment of the Section <br />108 Loan for the Studebaker/Oliver Project. As required by Indiana Code 36-7-13-5 (c), the <br />Council may not conduct any business requiring expenditures from Fund 434 without the <br />approval, in writing, of a majority of the members of the South Bend Advisory Commission on <br />Industrial Development. <br />On December 7, 2006 the Advisory Commission on Industrial Development met and <br />unanimously approved Resolution No. 6-2006 recommending that the $1,000,000.00 received for <br />Fiscal year 2006 be appropriated and spent for the repayment of the Section 108 Loan for the <br />Studebaker/Oliver Project. A copy of Resolution 6-2006 is attached for your review. <br />I will attend both the Committee and Council hearings to present this bill. <br />Please call me at 245-6112 if you have any questions. <br />Sincerely, <br />Andy Laurent <br />Economic Development Specialist <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT <br />PAMELA C. MEYER DONALD E. INKS <br />574/235-9660 574/235-9371 <br />FAX: 574/235-9697 <br />FINANCIAL Ht PROGRAM <br />MANAGEMENT <br />ELIZABETH LEONARD <br />574/235-9371 <br />~~ ~ <br />/~ <br />~~ <br />