Appropriating $320,000.00 Section 108 Loan Guarantee Program Department of Redevelopment

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ORDINANCE NO. (.R q zI,- 01 AN ORDINANCE APPROPRIATING $320,000.00 FROM THE SECTION 108 LOAN GUARANTEE PROGRAM OF THE HOUSING AND COMMUNITY DEVELOP- MENT ACT OF 1974, AS AMENDED, FOR ACQUISITION, RELOCATION AND CLEARANCE ACTIVITIES IN THE EAST BANK AND MONROE- SAMPLE DEVELOPMENT AREAS, TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH THE DEPARTMENT OF REDEVELOPMENT. STATEMENT OF PURPOSE AND INTENT: The government of the City of South Bend, in creative and affirmative partnership with its residents, private enterprise and the Federal Government, is committed to the goal of expanding economic opportunities. To further this goal, the Housing and Community Development Act of 1974, as amended, contains the ob- jective of alleviating physical and economic distress through stimulation of private investment and elimination of blighting conditions. The City believes that land in the areas commonly known as East Bank and Monroe- Sample is characterized by a number of conflicting and incompatible uses, causing the areas to be vulnerable to continued blight and decay, or to indiscri- minate development. It has, therefore, become a local priority, as articulated in the designation of the East Bank Development Area and Monroe - Sample Develop- ment Area, and as indicated in the 1979 -81 Community Development Plan, to devote local and federal funds to improve the physical and functional aspects of the areas. Realization of Development Area objectives will be accomplished by a combi- nation of public and private actions. These actions include, but are not limited to, the following: property acquisition, relocation, clearance, vacation and dedication of public rights -of -way, provision for public facilities and improve- ments and any other activity pertaining to planning and implementing an urban redevelopment plan. In order to accomplish these objectives successfully and in order to provide for efficient and effective utilization of Section 108 Loan Guarantee Program Funds, additional funds are required by the Department of Redevelopment. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I: The sum of $320,000.00 is hereby appropriated for the period July 1, 1981 from the Section 108 Loan Guarantee Program. This appropriation is to be administered by the Department of Redevelopment, as set forth below: PROGRAM CD /79/80- 602B/D PURPOSE AMOUNT East Bank /Monroe - Sample Development $320,000.00 TOTAL $320,000.00 SECTION II: This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. 1st READING 7 -/ --? -8-/ PUBLIC HEARING'] a7.if-/ 2nd READING _ 7- NOT APPROVED REFERRED PASSED /6 FILED IN CLEMIS OFFICE JUL 8 1981 Irene Gammon CM URN, SM BEND, IND.