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ORDINANCE NO. ~ ~~' ~`'~ <br />AN ORDINANCE OF THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND, INDIANA APPROPRIATING $225,000 <br />FROM ECONOMIC DEVELOPMENT INCOME TAX (EDIT) FUND #408 <br />TO SUPPORT THE SERVICES OF <br />DOWNTOWN SOUTH BEND, INC. <br />STATEMENT OF PURPOSE AND INTENT <br />Downtown South Bend, Inc. (DTSB) is a private, non-profit corporation whose mission is to <br />enhance and improve the appearance, safety and commercial vitality of the central portion of the City <br />of South Bend. Among the activities of DTSB are the promotion of new businesses and new jobs in <br />central South Bend, and the retention or expansion of existing downtown business enterprise. The <br />improvements and enhancements to the South Bend central area which have been made by and <br />through DTSB are a direct benefit to the City and its citizens. It is, therefore, beneficial to the City <br />of South Bend that is appropriate $225,000 from Economic Development Income Tax (EDIT) Fund <br />#408 to support the services of DTSB. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br />Bend, Indiana: <br />Section I. The sum of $225,000 is hereby appropriated and set aside within Economic <br />Development Income Tax (EDIT) Fund #408 for the purpose of supporting those services of <br />Downtown South Bend, Inc. consistent with uses specified.for EDIT funds in I.C. 6-3.5-7-13.1. <br />Section II. This ordinance shall be in full force and effect from and after its passage by <br />the Common Council and approval by the Mayor. <br />T <br />Mem er of the C mon Council <br />A est: <br />City Jerk <br />