Appropriating $3,796,000 from CD Block Grant Fund #212 to defray expenses of the CED and designated subgrantee agencies

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ORDINANCE NO. ~ I ~ 1~ ' O AN ORDINANCE APPROPRIATING $3,796,000 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND (FUND 212) FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND, INDIANA, AND DESIGNATED SUBGRANTEE AGENCIES FOR THE PROGRAM YEAR BEGINNING JANUARY 1, 2001, TO BE ADMINISTERED THROUGH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. Statement of Purpose and Intent: The government of the City of South Bend, in partnership with the City's private sector and residents, is committed to the goal of improving the "quality of life" in the City, its neighborhoods, and for its residents. As part of this commitment to a comprehensive community development and improvement program,-the City of South Bend, through its Department of Community and Economic Development, will apply for and anticipates receiving on or about January 1, 2001 the approval of the United States Department of Housing and Urban Development to expend $3,786,000.00 in the execution of certain housing rehabilitation/assistance, code enforcement, public improvement, neighborhood development, public service, and general program planning and development activities. In order to implement the aforementioned activities, funds are required. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $3,796,000.00 is hereby appropriated for the program year starting January 1, 2001, from the City of South Bend's Community Development Block Grant Fund (Program Year 2001). The appropriation shall be used as approved by the United States Department of Housing and Urban Development under Title Twenty-four (24) of the Code of Federal Regulations, Part Five Hundred and Seventy (570) for the Community Development Program Year 2001. This appropriation shall be administered by the Department of Community and Economic Development and its designated subgrantees and will be distributed as set forth below: B-O1-MC-18-0011 Communi Development Pro ram Affordable Loan Program $400,000 Community Homebuyer's Corp.- 80/20 Program 300,000 SBH -Lending Enterprise for Neighborhood Development (LEND) 50,000 REWARD 40,000 Institute for Neighborhoods Micro-Audit Project 6,000 South Bend Heritage Foundation Administration 150,000 H:\WPDATA\Ord\98APPR.WPD