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RESOLUTION NO. , 3 7 ~ ~-~ 7 <br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, AUTHORIZING THE MAYOR TO SUBMIT TO THE INDIANA FINANCE <br />AUTHORITY AN APPLICATION FOR A STIPULATED REMEDIATION GRANT OF UP <br />TO $100,000 FOR PROPERTY LOCATED AT 101 N. MICHIGAN STREET, SOUTH <br />BEND, INDIANA <br />WHEREAS, Michigan Street, LLC is interested in submitting an application for a <br />Stipulated Remediation Grant from the Indiana Finance Authority for asbestos abatement <br />at 101 N. Michigan Street, South Bend, Indiana; and <br />WHEREAS, the Indiana Brownfields Program requires that the grant application be <br />submitted by the political subdivision on behalf of a property located within its jurisdiction; <br />and <br />WHEREAS, the Mayor of the City of South Bend, Indiana, is the Chief Executive <br />Officer of the City and is the appropriate applicant for a Stipulated Remediation Grant from <br />the Indiana Finance Authority as part of the Indiana Brownfields Program. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. That the Mayor of the City of South Bend, Indiana, is hereby authorized <br />to submit a Stipulated Remediation Grant application in an amount up to $100,000 to the <br />Indiana Finance Authority on behalf of Michigan Street LLC for asbestos abatement at 101 <br />N. Michigan Street, South Bend, Indiana. <br />SECTION II. That the Mayor of the City of South Bend, Indiana, shall file with the <br />Common Council a complete copy of the Stipulated Remediation Grant application to be <br />submitted by the Mayor to the Indiana Finance Authority. <br />SECTION III. That for every activity, project, or program to be funded under this <br />resolution, the Mayor shall submit to the Common Council an appropriation ordinance prior <br />to expenditure of any funds received from the Indiana Finance Authority upon approval of <br />this application. <br />SECTION IV. That the Mayor shall be authorized to accept and affirm the grant <br />should one be awarded. <br />SECTION V. That the City of South Bend, Department of Community and <br />Economic Development be designated as the agency and office administering on behalf of <br />the City of South Bend any grant awarded under this application. <br />SECTION VI. That this resolution shall be in full force and effect from and after its <br />