Authorizing the Mayor to Submit an Urban Development Action grant (UDAG) Application to US Dept. of Housing & Urban Development

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RESOLUTION )Oy(-g3' RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE MAYOR TO SUBMIT AN URBAN DEVELOPMENT ACTION GRANT (UDAG) APPLICATION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WHEREAS, the City of South Bend has demonstrated a con- sistent commitment to aggressively pursuing economic development activities which contribute to the re-emergence of the City' s East Bank Development Area as a vital and prosperous location; and WHEREAS, the creation of new, permanent jobs for the local citizenry is generally acknowledged as a foremost priority; and WHEREAS , the construction of high quality residential apartments which are both subsidized and market rate will enhance the quality of life for many of South Bend' s residents, particularly older adults; and WHEREAS, the substantial rehabilitation of the building which is currently known as Robertson' s Warehouse, and which previously housed South Bend Lathe and Singer Sewing Machine, will enhance the historical and aesthetic significance of the structure; and WHEREAS, the receipt of an Urban Development Action Grant would make the proposed development financially viable. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. Hereby establishes the authority of the Mayor of the City of South Bend to submit under Title I of the Housing and Community Development Act of 1977, an Urban Development Action Grant Application to the United States Department of Housing and Urban Development. SECTION II. This Resolution shall be in full force and effect immediately upon passage by the Common Council of the City of South Bend, Indiana) and approval by the Mayor. M mber of the C +anon Council PRESENTED .. 7 n s'83 NOT APPROV=`D ADOPTED "-I -cWS-83