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1200 COLIIVTY-CrrY BUILDING <br />2.27 W. JEFFERSON BOULEVARD <br />SuvTx BEND,INDIANA 46601-1830 <br />PHONE 574/ 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LuECI¢, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />March 30, 2009 <br />Mr. Derek Deiter <br />President, South Bend Common Council <br />227 W. Jefferson Blvd., Suite 400 <br />South Bend, IN 46601 <br />Dear President Deiter: <br />The attached bill for Council consideration and approval will appropriate $4,098,521 in 2008 <br />Neighborhood Stabilization (NSP) funds. This action allocates new funds in accordance with the 2008 <br />Action Plan and Amendment of the Housing and Community Development Plan submitted to the <br />Department of Housing and Urban Development on November 26, 2008, and further amended and <br />resubmitted on December 15, 2008. <br />As was discussed with the Community & Economic Development Committee on November 6, <br />2008, the 2008 HCD Action Plan NSP Amendment was the subject of a 15-day public comment period <br />that began November 11, 2008 and expired November 25, 2008. The funds being made available are part <br />of the Housing and Economic Recovery Act of 2008 (HERA) and represent a one time formula allocation <br />to South Bend as an entitlement community. <br />The City received the Release of Funds Notice on March 1, 2009. Grantees will have 18 months to <br />use the funds awarded to them. That 18 month period is triggered by HUD's execution of the Grant <br />Agreement, of which we have a fully executed copy dated March 23, 2009. <br />Should there be any questions on this bill please contact me at 235-5845. <br />to address this issue at the Apri127~' meeting. Thank you. <br />Sinc~rel <br />amela C. Meyer ~~ <br />DIrector <br />cc: Jeff Gibney <br />Catherine Fanello <br />John March <br />3udy Rosheck <br />Jeff Gibney or I will be present <br />~i ~d t~ ~t~rk'~ ~~fic~ <br />~. APR - ~ 20G~ <br />JOHtI V4Q ~~_... e...e-- <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT <br />PAMELA C. MEYER DONALD E. INhs <br />5741235-9660 574!335-9371 <br />F:\DATA~.SHARE~QMJy~E~L~~I STABILIZATION PROGRAM\2009 NSP ORDINANCE.DOC <br />FINANCIAL SC PAOGRADi <br />MANAGEMENT ~ r <br /> <br />ELIZAEETH LEONARD ~ <br />`f <br />~ <br />574123>-9371 nG <br /> vu <br />!!t/~• 11/'i <br />