Authorizing the Acceptance of the Grant offer of the United States of America by the Municipal City of South Bend

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HOUSING AND HOME FINANCE AGENCY Project No. APW -Ind. -3G COMMUNITY FACILITIES ADMINISTRATION Offer Date Feb. 4, 1963 ACCELERATED PUBLIC WORKS PROGRAM Contract No. H(402) - 791 GRANT OFFER Subject to the Terms and Conditions, dated 11 -62, attached hereto and made a part hereof as Exhibit "A, " and the Special Conditions attached hereto and made a part hereof as Exhibit "B "-` the Housing and Home Finance Agency, hereinafter referred to as the Government, hereby offers to make a grant of $160, 000 or 50 percent of the eligible project cost, which- ever is the lesser, to City of South Bend, Indiana (herein called the "Applicant "), in order to aid in financing the construction of essential public works or facilities. presently estimated to cost $345, 000, consisting of new street construction and repair of old streets (herein called the "Project"): Provided, that in the event the actual eligible project cost as determined by the Government upon completion is less than $345, 000, the amount of the grant shall be reduced so that the grant amount shall not exceed the above percentage of the actual eligible project cost. Upon acceptance, this Offer, together with the Terms and Conditions, and the Special Conditions referred to, shall become the "Grant Agreement. " Prior to disbursement of any Government grant monies hereunder, the Applicant shall have the right to terminate this Grant Agreement effective fifteen days after giving notice of termination to the Government. The Government shall have the right to terminate this Grant Agreement, effective upon fifteen days' notice thereof to the Applicant, whenever it determines that the Applicant has failed to proceed promptly with the construction and financing of the project. This Offer must be accepted within fifteen days from the above date. Housing and Home Finance Agency Community Facilities Administration By: S/ J. P. Harris Regional Director of Community Facilities Exhibit "B" is inapplicable and therefore omitted.