Appropriating $2,945,000.00 Community Development Block Grant Fund 1983 Division of Community Development

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Dc CITY of SOUTH BEND 3 ROGER O. PARENT, Mayor O 2 COUNTY -CITY BUILDING • SOUTH BEND, INDIANA 48801 ti DIVISION OF COMMUNITY DEVELOPMENT Colleen Rosenfeld March 8, 1983 1440 County-City Building Director South Bend, Indiana 46601 (219) 284 -9335 South Bend Common Council 4th Floor County -City Bldg. South Bend, IN 46601 Dear Members of the Council: I am submitting for your consideration a request for the appropriation of $2,945,000 which represents funding for the various activities planned in the City's 1983 Community Development Block Grant Application. The total 1983 entitlement plus projected program income as outlined in the application is $3,475,000. At this time we aren't requesting appropriation for the following: (1) $450,000 to be used for the final payment of the East Bank /Monroe Sample Section 108 loan guarantee. At this time we are determining, in conjunction with the HUD Area office, the most beneficial time to make the payment based on interest rates. If it is decided that the payment will be made on April 1, 1983, this amount is automatically deducted from our letter of credit by HUD. If the payment is to be made after that date, we will request appropriation from the Council in order to expend the funds. (2) $59,500 represents Unspecified Local Option and appropriation requests will be submitted for specific projects. (3) $20,500 from the non - profit rehab program isn't included in the appropriation. The three non- profit groups, Renew, NHS, and Southold are the projects for which we're requesting specific appropriations at this time. As other projects require funds from this activity, we'll submit appropriation requests.