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ORDINANCE NO. 1 ~ ` ~ - ~ y <br />AN ORDINANCE APPROPRIATING 555,000 FROM THE URBAN <br />DEVELOPMENT ACTION GRANT FUND FOR THE PURPOSE OF FUNDING <br />PREDEVELOPMENT COSTS <br />Statement of Purpose and Intent: <br />In order to allow the City to examine the development potential of downtown sites <br />throughout the City, as funds allow: <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The sum of 555,000 is hereby appropriated within Fund 410 for <br />Predevelopment costs. <br />SECTION II. This Ordinance shall be in full force and effect from and after its <br />passage by the Common Council and approval by the Mayor. <br />/~ <br />~7' , <br />Member of the Common Council <br />1 st READING s-g'~~ <br />PU4LIC HEARING S-L2-0~ <br />3 rd READING S-Lt,O~ <br />NOT APPROVED <br />REFERRED <br />PASSEfl S -ZZ-Oa <br />~y~ di~ ~~d ie.:7~C6 ~ ~d~~S49 <br />~~~~,~` 0 ? 1000 <br />