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..�`` �� • DF f, <br /> f os' 1111/4/,',06 o CITY of SOUTH BEND 0 ilto 3 <br /> N \ <br /> \�PENCE��:�. ; ROGER O. PARENT, Mayor O Oj = .•��w ��1°� • COUNTY-CITY BUILDING • SOUTH BEND,INDIANA 46601 • Y• <br /> 44.,,,*.1866* <br /> DIVISION OF COMMUNITY PLANNING <br /> AND DEVELOPMENT 1200 County-City Building <br /> South Bend,Indiana 46601 <br /> (219)284-9335 <br /> Donald E. Inks May 2 , 1986 <br /> Director <br /> South Bend Common Council <br /> Council Chambers <br /> 400 County-City Building <br /> South Bend, IN 46601 <br /> Dear Council Member: <br /> The attached bill submitted for your consideration and approval <br /> will transfer $119, 500 . 00 among CD accounts. Detailed <br /> descriptions of the proposed changes follow. <br /> 1 . ) The first 3 items ($25,000 & $20, 000 from 2 South <br /> Bend Heritage accounts and $35, 000 from Program <br /> Income) will replace Commercial Strip funds to be <br /> used on a "float" basis for acquisition of the Colfax <br /> Cultural Center. <br /> 2 . ) The Western Avenue Commercial Loan transfer of <br /> $39, 500 . 00 reflects the unexpended balance at the end <br /> of this contract. The 1986 Commercial Strip <br /> allocation will be used for the Citywide Commercial <br /> Loan Program now being developed. <br /> If you have any questions or desire further information, please <br /> call . <br /> Sincerely, <br /> A4--4.--/- 4 E "(24' <br /> Donald 1 Inks <br /> Director <br /> EL/fm - <br /> cc: Jon Hunt <br />