6.I.(2) Agreement Facade Matching Grant Program, Western Ave.

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is to increase the number o[ jobs in the Cit}~ by retention and expansion of existing businesses and attraction and development of new businesses and to impro~~c the quality of life 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 taw and exempt li~om federal income taxation trader Section ~Ol (c)(>) of the Internal Revenue Codc, as evidenced by the copy of the Indiana Secretary of State's Certificate ot~ Iixistence for the Organization and the copy of its "fax- exemption Letter issued by the Internal Revenue Service, respectively attached as Appendix II and Appendix III: and WHEi2EAS, the Organization further represents that it is a neighborhood development corporation, as such term is used in Indiana ('ode § 36 7-14 (the "net"). and that is has taken all corporate action necessary to enter into this Agreement and WIIERF.AS, the Organization has the expertise and resources to provide for, oversee and administer the Program: and WHEREAS, the City is empow~cred under Indiana Code ti 36-7-14- 12?(a)(26)(B) to enter into this Agreement to provide for the construction, rehabilitation or repair of commercial property with the boundaries of the South Bend Redevelopment District: and WHEREAS, the South Bend Common Council the legislative body of the City, pursuant to Ordinance No. 9737-07, has appropriated One Million and 00/100 llollars ($1.000.000.00) to be used within the City's commercial corridors with approximately Three hundred Sixty five Thousand and 00/100 Dollars (536.000.00) being allocated to the Corridor: and WHERh;AS, the Commission desires to allocate fbr the Program under the terms of~ this Agreement Thirty live Thousand and 00/100 Dollars ($31.000.00) (the "Contract Amount") as a portion of the share allocated to the Corridor, and as required by Indiana Codc ~ ~~-22-17-3, the Contract Amount does not exceed the amount appropriated for such purpose: and WHEREAS, the City believes that the actions contemplated by this Agreement arc in the best i~lterests of the health, safety and ~-welfare of the City and its residents and that such actions comply ~,vith the public purposes and applicable proy~isions of state and local law: and NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein, the City and the Organization hereby a~~rcc as follows: L Contrcu! ,Imounl cn~cf Term. "I he Organization shall provide the programs and services set forth at lxhibit A on behalf of the Cite. for the Contract Amount for the