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RESOLUTION NO. O _ / <br />A RESOLUTION OF THE COMMON COUNCIL AND MAYOR OF <br />THE CITY OF SOUTH BEND, INDIANA, EXPRESSING THE CITY'S <br />SUPPORT TO PROJECT FUTURE IN 1997 THROUGH 2001 <br />WHEREAS, the Common Council and Mayor of the City of South Bend, Indiana, acknowledge <br />that for the past fourteen (14) years Project Future has promoted South Bend, Mishawaka and St. <br />Joseph County for economic development purposes; and <br />WHEREAS, over this period of time, Project Future has assisted in numerous major economic <br />development projects in our community which have generated nearly $1.4 billion of investment and <br />directly created more than 4,800 newjobs (with over 30,000 total jobs ultimately being created in the <br />County); and <br />WHEREAS, Project Future plans to continue to conduct an area -wide economic development <br />program to attract businesses and expand our existing businesses; and <br />WHEREAS, Project Future has requested from the City of South Bend, the City of Mishawaka, <br />and St. Joseph County, respectively, five (5) year commitments to assist in the funding of its economic <br />development programs and its educational initiatives; <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council and Mayor of the City of <br />South Bend, Indiana: <br />Section 1. The City of South Bend pledges its support to Project Future in jointly working <br />together to attract new businesses and jobs and revitalize existing businesses in our community. <br />Section 2. Project Future has requested a five (5) year commitment from the City of South <br />Bend for $100,000 in 1997, $100,000 in 1998, $100,000 in 1999, $100,000 in 2000, and $100,000 <br />in 2001. <br />Section 3. The City of South Bend makes a $500,000 commitment to Project Future for 1997 <br />through 2001, contingent upon the fiscal condition of the City in each of the designated years, and <br />subject to the annual budget review and approval process.` <br />ADOPTED by the Common Council and Mayor this / v�-tlay of 1996. <br />COMMON UNCIL <br />Roland Kelly, President <br />hn Broden <br />S-ean,Col an ,,_ <br />:John osinski <br />Stephen Lue e <br />ATTEST: <br />orett uda, U y Cler< <br />PRESENTE9 -13 - 9 6 <br />NOT APPROVIIIIII <br />ADOPTED <br />1 <br />�Charlotte Pfeiffer <br />� <br />d Varner <br />��. <br />K/ 40 - <br />Joseph E. Kernan, Mayor <br />