6.I.(1) Agreement Facade Matching Grant Program, Mishawaka Ave.

Home Browse Search

is to increase the number of jobs in the City by retention and expansion of existing businesses and attraction and development of new businesses and to improve the quality of lice of City residents, improve their employability and fill jobs within the City with City residents, and WHEREAS, the Organization has represented that it is a duly existing corporation under Indiana law and exempt I~rrnn federal income taxation under Section ~01(c)(3) of the Internal Revenue Code, as evidenced by the copy of the Indiana Sceretary~ of State's Certificate oCExistence Cor the Organizatio^ and the copy of its Tax- cxemption letter issued by the Internal [Zevenue Sergi°ice, respectively attached as ~'~ppcndix lI and At~Pcndix iii. and WHEREAS, the Organization further represents that it is a neighborhood development corporation, as such term is used in huiiana Code ~ 36-7-14 (the "net"). ai7d that is I~as tal<cn all corporate action necessary to enter into ibis Agreement; and WHEREAS, the Organization has the expertise and resources to provide 1'or, oversee and administer the Pros ram; and WHEREAS, the City is empowcsrd under Indiana Code ~ i6-7-14- 122(a)(26)(I3) to enter into this Agreement to provide Cor Urc construction, rehabilitation, or repair oCcommercial property with the boundaries of the South Bend Redevelopment District: and WHEREAS, the South Bend Common Council, the le~~islative body of the City. pursuant to Ordinance No. 9757-07. has appropriated One Million and 00/100 Dollars ($1.000,000.00) to be used ~~-~ithin the Cily~s commercial corridors v<ith approximately !~wo llundred fifty Five Thousand and OOi 100 Dollars (52>j.000.00) being allocated to the. Corridor; and WHEREAS, the Commission desires to allocate for the Pro~ara~n tu~dcr the terms of this Agreement Dive "hhousand and 00!I00 Dollars ($x,000.00) (the "Contract /\mottnt") as a portioia oC the share allocated to the Corridor. and as required by Indiana Code ~ 5-22-17-3, the Contract Amount does not exceed the amounC appropriated Cor such purpose;and WHEREAS. the Cite believes that the. actions amtemplated by this Agreement are in the best interests of the health. safety and wcllare of the City and its residents and that such actions compl}' ~-~'iih the public purposes and applicable provisions of state and local law: and ~'OW THEREFORI?, for and in consideration of the mutual covenants and promises contained herein. the Cite and the Organization hereby agree as Collo~tis: ~. Conn•uct ;1nx~ru~1 ar~d Tenn. hhc Organization shall pro~idc the programs and services set f~~rth at 1?xhibit A on behall of the C'itr. for the Contract :lmounl fair the