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1200 COUNTY-C-n BUILDING <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 HL ECONOMIC DEVELOPMENT <br />JON R. HUNT <br />EXECUTIVE DIRECTOR <br />April 21, 2003 <br />South Bend Common Council <br />Fourth 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 appropriate $129,500 of Urban <br />Development Action Grant reimbursement funds for Predevelopment costs for pending <br />development projects within the City. As we have discussed previously, predevelopment <br />costs include items such as: market studies, appraisals, preliminary site plans, surveys, title <br />work, environmental studies, etc. which are necessary to determine the feasibility of a project <br />and determine whether it can/should proceed. In addition, $45,150 of this amount re- <br />appropriates the unused 2002 amount for City Plan and $9,500 represents the City Plan <br />contributions from our corporate sponsors. <br />I will make presentation to the Council at your May 12t`' meeting. If you have any questions, <br />please call me at 235-9330. <br />Sincerely, <br />Eliz~nard - <br />Director <br />Financial E'r Program Management <br />cc: Don Inks <br />Pam Meyer <br />Larry Magliozzi <br />John March <br />,~..~..~a,.,..._.-._ c <br />LC%~'TTt9J. Gvu~+ <br />CITY CLGFY::, CC. FS~@l~, ~°s~ <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL St PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGFMEITT <br />574/235-9660 5741235-9371 ELIZABETH LEONARD ~ <br />FAx: 5741235-9697 574/235-9371 <br />(~' ~~ <br />I <br />