Appropriating $6,686.00 for the Continuation of Urban Renewal Activities

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ORDINANCE N0. G 39 to - 7 8 AN ORDINANCE APPROPRIATING $6,686.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND, FOR THE CONTINUATION OF URBAN RENEWAL ACTIVITIES, TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DIVISION OF COMMUNITY DEVELOPMENT AND THE DEPARTMENT OF REDEVELOPMENT. STATEMENT OF PURPOSE AND INTENT: One of Community Development's long -term objectives is the revitalization of South Bend's Central Business District (CBD). This revitalization must, however, be based on a realistic assessment of the competitive position of the CBD viz -a -viz other regional retail centers. Recognizing these regional realities, the revitalization of the CBD must be based on the orderly transition of a declining retail center to a viable multi -use regional center, i.e., an urban center which can supply major financial, medical, governmental, transportation, various business, and leisure- recreational - cultural opportunities (with a support- ing mix of retail enterprises). As the CBD's role in the regional economic structure continues to evolve, the Department of Redevelopment will aid this revitalization process by the continuation and eventual completion of the Urban Renewal Project R -66. To successfully complete Project R -66, the Department of Redevelopment will: (1) develop and implement, in conjunction with the Division of Community Development, an urban core policy and plan, based on the realities of the region's physical, social, and economic structure; (2) attempt to attract sub- stantial, new capital investment and reinvestment in the R -66 project area and its environs through all available renewal mechanisms and techniques; and, (3) proceed towards an expeditious, but fiscally sound close -out of South Bend's Urban Renewal Project R -66. To accomplish these objectives additional miscellaneous project 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 $6,686.00 is hereby appropriated for the program year starting July 7, 1977 from the Community Development Block Grant Fund (Program Year 1977). This appropriation is to be administered by the Division of Community Development and the Department of Redevelopment, and will be distributed as set forth below: PROGRAM -CD -77 -1206 COMMUNITY DEVELOPMENT PROGRAM PURPOSE AMOUNT Continuation of Urban Renewal Project R -66 (Supplemental) $6,686.00 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 6^ a 4- 2 F ` PUBLIC BEARING e7-10. 7 Membe of the Comm HIED — napnupft am- 2nd READING NOT APPROVED REFERRED PASSED _ r 78 JUN 211978 fre e ( amMon 011 , -LkQk �Ul1IH 6LNU. :NU.