6.I.(3) Agreement Facade Matching Grant Program, Miami Street

Home Browse Search

is to increase the number of jobs in the Cit}~ by retention and expansion of existing businesses and attraction and developman of new businesses and to improve the quality of life of City residents. improve their employability and fill jobs within the City with Citv residents; and WHEREAS, the Organization has represented that it is a duly existing corporation under Indiana law and exempt (iom federal income taxation under Section 501(c)(3) of the Internal Revenue Code. as evidenced by the copy of the hidiana Secretary of State's Certificate of f~xistence for the Organization and the copy of its Tax- cxemption Letter issued by the Internal Revenue Service, respectively attached as \nnendix II and l\ppendix []I; and WHEREAS, the Organization further represents that it is a neighborhood dcvclopmcnt corporation_ as such term is used in [ndiana Codc ~ ,6-7-14 (the "ncf')_ and that is has taken all corporate action necessary to enter into this Agreement; and WHEREAS, d1c Organization has [he expertise and resources to provide for. oversee and administer the Program; and WHEREAS, the City is empowered under [ndiana Code ti 36-7-I4- 12.2(a)(26)(I3) to enter into this ~lgrccmcnt to provide for the construction. rehabilitation.. or repair of commercial property with the boundaries of the South Bcnd Redevelopment District: and WHEREAS, the South aced Common Council, the legislative body of the City. pursuant to Ordinance 1~0. 9787-07, has appropriated One Million and 00/100 Dollars (51,000.000.00) to be used within the City~s commercial corridors with approximately Forty live Thousand and 001100 llollars ($4.000.00) being allocated to the Corridor: and WHEREAS, the Commission desires to allocate for the Program under the terms of this /\greement 1 ivc Thousand and 00/100 Dollars ($5.000.00) (the "Contract Amount') as a portion of the share allocated to the Corridor, and as required by Indiana Code ~ 5-?2 -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 are in the best interests of the health, safety and «°elfare of the City and its residents and that such actions comply with the public purposes and ~~ipplicable provisions of state and local law: and NOW TIIEREFORE, for and in consideration of the mutual covenants and promises contained herein, the City and the Or~~anization hereby agree as follows: L Conlruc! .4nwi~nl co~cl perm. The Urganizatio^ shall provide the programs and services set Iorih at Exhibit A on behalf of the Ci[v. f~>r the Contract Amount fbr the