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REGULAR MEETING SEPTEMBER 24, 2001 <br />economic development projects in our community which have generated well over a billion dollars <br />of investment and created thousands of new full -time jobs; and <br />WHEREAS, Project Future plans to continue to conduct an area -wide economic development <br />program which will attract new businesses and foster the expansion of existing businesses and <br />related development; and <br />WHEREAS, Project Future has requested from the City of South Bend, the City of <br />Mishawaka, and St. Joseph County, respectively, a five (5) year commitment to assist in the funding <br />of its economic development programs and its educational initiatives. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council and the Mayor of the <br />City of South Bend, Indiana, as follows: <br />Section I. The City of South Bend, Indiana, pledges its support to Project Future in jointly <br />working together to attract new businesses and jobs and to revitalize existing businesses in our <br />community. <br />Section II. Project Future has requested a five (5) year commitment from the City of South <br />Bend of $110,000 in 2002, $110,000 in 2003, $110,000 in 2004, $110,000 in 2005 and $110,000 in <br />2006. <br />Section III. The City of South Bend makes a total commitment of $550,000 to Project Future <br />for calendar years 2002 through 2006, contingent upon the fiscal condition of the City in each of the <br />five (5) designated years, and makes this commitment further subject to the annual budget review <br />and approval process related thereto and a submission of periodic accounting reports to the City <br />Clerk by Project Future. <br />Section IV. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />s /Council Member James Aranowski <br />s /Council President Charlotte Pfeifer <br />s /Council Member Roland Kelly <br />s /Council Member Karl King <br />s /Council Member David Varner <br />Attest: <br />s /Loretta J. Duda, City Clerk <br />s /Council Member Andrew Ujdak <br />s /Council Member Sean Coleman <br />s /Council Member Al `Buddy" Kirsits <br />s /Council Member Karen L. White <br />s/Mayor Stephen J. Luecke <br />Councilmember Aranowski reported that the Personnel & Finance Committee met on this bill and <br />sends it to the Council with a favorable recommendation along with a proposed amendment. <br />Councilmember Roland Kelly, 1325 East Wayne Street South, South Bend, Indiana, representing <br />the 31d District, made the presentation for this Resolution. <br />Councilmember Kelly stated that Project Future has been an important economic development tool <br />in St. Joseph County and he urged unanimous support of this Resolution. Councilmember Kelly <br />read the Resolution in its entirety incorporating one amendment. <br />Council Attorney Kathleen Cekanski- Farrand noted that the following language has been added to <br />the end of Section III: <br />and a submission of periodic accounting reports to the City Clerk by <br />Project Future. <br />-23- <br />