9924-09 Appropriating $4,098,521 from the community development fund (Fund 212)

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ORDINANCE NO. ~ ~ 2~-~ AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROPRIATING $4,098,521 FROM THE COMMUNITY DEVELOPMENT FUND (FUND 212) FOR THE NEIGHBORHOOD STABILIZATION PROGRAM FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND, INDIANA, AND DESIGNATED SUBGRANTEE AGENCIES FOR THE PROGRAM YEAR BEGINNING,MARCH 1, 2009, TO BE ADMINISTERED THROUGH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. Statement of Purpose and Intent: The government of the City of South Bend, in partnership with the City's private sector and residents, is committed to the goal of improving the quality of life in the City, its neighborhoods, and for its residents. As part of this commitment to a comprehensive community development and improvement program, the City of South Bend, through its Department of Community and Economic Development, has applied for and has received on March 1, 2009 the approval of the United States Department of Housing and Urban Development to expend $4,098,521 in the execution of certain housing rehabilitation/assistance, code enforcement, neighborhood development, and general program planning and development activities. In order to implement the aforementioned activities, funds are required. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $4,098,521 is hereby appropriated for the program year starting March 1, 2009, for the City of South Bend's Community Development Block Grant/Neighborhood Stabilization Program (Program Year 2008). The appropriation shall be used as approved by the United States Department of Housing and Urban Development under Title III of the Housing and Economic Recovery Act of 2008 (HERA) and of the Code of Federal Regulations, Part Five Hundred and Seventy (570) for the Community Development and Neighborhood Stabilization Program. This appropriation shall be administered by the Department of Community and Economic Development and its designated subgrantees, in accordance with the 2008 Housing and Community Development (HCD) Action Plan and Amendment, which are hereby approved and incorporated by reference with respect to the following distributions: B-08MN-18-0011 Neighborhood Stabilization Prog am Dept. of Community & Economic Development -Planning &Admin 95,000 South Bend Heritage Foundation -Planning &Admin 160,000 F:IDATA\SIL4RE\COMMDEV\NE[GH STABILIZATION PROGRAM\2009 NSP ORDINANCE.DOC