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ORDINANCE NO. l ~ 55 `" O <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA <br />APPROPRIATING $100,000 WITHIN THE U.D.A.G. FUND (FUND 410) OF THE <br />DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT FOR THE PURPOSE <br />OF PROVIDING PREDEVELOPMENT COSTS FOR POTENTIAL DEVELOPMENT <br />PROJECTS WITHIN THE CITY OF SOUTH BEND <br />Statement of Purpose and Intent: <br />In order to assure the efficient and timely utilization of Urban Development Action <br />Grant Reimbursement Funds and to further the implementation of the redevelopment plans <br />within the City, certain appropriations are necessary. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The sum of $100,000 is hereby appropriated within Urban Development <br />Action Grant (UDAG) Fund 410 to pay predevelopment costs for existent and potential <br />development projects within the City of South Bend in calendar year 2007. <br />SECTION II. This Ordinance shall be in full force and effect from and after its passage <br />by the Common Council and approval by the Mayor. <br />At <br />'t erk <br />Member of th ommon Council <br />Presented by me to the Mayor of the City of South Bend, Indiana on the 3 ~~~ day of <br />YY~-u.~., 20 u~t , at (`-~.~ o'clock~.m. <br />fib' <br />~~~--, <br />City C k ~~ <br />20d~, at <br />Approved and signed by me on the ~~day of <br />l: ~~ o'clock ~. m. <br />1 st READING S - ~ ~-~~ <br />PUBLIC HEARING S-LQ-°7 <br />'3 rd READING S z.q-o, <br />NOT APPROVED <br />REFERRED <br />PASSED S _Z~ -~1~ <br />Mayo , City o outh Bend, Indiana <br />Filed In Clerk'S Office <br />i~1AY 8 2007 <br />JOHN VOORDE <br />CRYCLERK, S0.91=PdD, IN. <br />