Appropriating $39,958.00 to Help Expenses og the First Bank Center Project

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ORDINANCE NO. q `- AN ORDINANCE APPROPRIATING $39,958.00 TO HELP DEFRAY THE EXPENSES OF THE FIRST BANK CENTER PROJECT TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DEPARTMENT OF ECONOMIC DEVELOPMENT AND REDEVELOPMENT. STATEMENT OF PURPOSE AND INTENT: The continued development and revitalization of South Bend's Central Business District is important to the quality of life of the total community and would be advantageous to the future economic growth and physical develop- ment of the city. The City of South Bend in a creative and affirmative partner- ship with the city residents, private enterprise, and the Federal Government, has embarked upon several development projects, one of these projects known as the First Bank Center. The City of South Bend will undertake certain activi- ties to complete construction and pay contractors for work completed on the First Bank Center. In order to accomplish these goals successfully, additional funds are needed, but not limited to, for the following: contractual costs for construction, professional and technical services directly related to the completion and implementation of the First Bank Center Project. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana as follows: SECTION I. The sum of $39,958.00 is hereby appropriated from program income, which is to be administered by the Department of Economic Development and Redevelopment and shall be administered as follows: PURPOSE First Bank Center Project PROGRAM - CD -81 -1002 AMOUNT $39,958.00 TOTAL $39,958.00 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. W READING /61-/ 1 PUBLIC WEARING 2nd READING O _a e - / EoR DPRovED PASSED "L , /,K� e Common Counci FILED IN CLERK'S OFFICE OCT ;. 1981 Irene Gammon CITY CLERK, SOUTH BEND: IND