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Appropriating $390,000.00 of Section 108 Loan Guarantee Funds for Activities in the East Bank Development Area
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Appropriating $390,000.00 of Section 108 Loan Guarantee Funds for Activities in the East Bank Development Area
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3/27/2013 1:39:34 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/22/1984
Ord-Res Number
7393-84
Bill Number
112-84
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CITY of SOUTH BEND <br />ROGER O. PARENT, Mayor <br />COUNTY-CITY BUILDING • SOUTH BEND, INDIANA 48801 <br />DIVISION OF COMMUNITY DEVELOPMENT <br />Colleen Rosenfeld <br />Director <br />October 2, 1984 <br />Members of the Common Council <br />4th Floor, County -City Bldg. <br />South Bend, IN 46601 <br />Dear Council Member: <br />F <br />• IIIII 3 <br />O rn <br />U y <br />1200 County -City Building <br />South Bend, Indiana 46601 <br />(219)284 -9335 <br />The bill submitted for your consideration would transfer $300,000.00 in <br />Section 108 Loan Guarantee Funds from the Central Business District <br />Development to the East Bank Development. The bill would also appropriate <br />$90,000.00 in Section 108 Funds that was not appropriated previously but was <br />made available to the City by the Department of Housing and Urban Development <br />in the subsequent loan documents. <br />The primary use of the funds in the East Bank Development Area will be <br />acquisition, demolition, site clearance and preparation, and relocation. <br />Should you have any questions, please don't hesitate to contact me or Jon <br />Hunt. <br />Sincerely, <br />Colleen Rosenfeld <br />Director <br />CR/bsj <br />Attach. <br />cc: Roger O. Parent <br />Jon R. Hunt <br />
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