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1200 COLRVTY-CITY $LJILDING <br />227 W. JEFFERSON $OULEVARD <br />SOUTH $END, INDIANA 46601-1830 <br />PHONE 574/ 235-9371 <br />FAY 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, 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`I' meeting. Thank you. <br />Sinceiel / ,r~~ <br />lL'` - <br />amela C. Me~ r ~ ~ <br />Director <br />cc: Jeff Gibney <br />Catherine Fanello <br />John March <br />Judy Rosheck <br />Jeff Gibney or I will be present <br />filed in Gl~l°ls'~ ~~f ~€c~ <br />.~/ ~~+u+q~'~I'I 1~CQI~vE <br />Cell ~ Vl.~^1. rf+1 r^::;~J' {;.~ <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HL PROGRAM <br />PAMHLA C. A'IEYER ~ DONALD E. INKS I~IANAGFMENT <br />5741235-9660 574/235-9371 ELIZAfiETH LeoNAUD <br />F:\DATA~SHARE~QIvF~I~E~L`Ij~~ STABILIZATION PROGRAM\2009 NSP ORDINANCE.DOC 5741235-9371 <br />~J1~~ <br />U•4~ <br />