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1200 COUNTY-CITY BUILDIlVG <br />227 W JEFFERSON BOULEVARD <br />SOUTH BEND,INDL4NA 46601-1830 <br />PxoNE574/235-9371 <br />FAx 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 />3une 16, 2009 ~ ~ ~~ ~ ~1- ~ ~ -- <br />South Bend Common Council <br />Fourth Floor Council Chambers <br />227 W. Jefferson Bouleval•d <br />South Bend, 1N 46601 <br />Dear Council Members: <br />The attached bill for your consideration and approval will appropriate $955,315 from the <br />Industrial Development Fund, Fund 434, for repayment of the Section 108 Loan for the <br />Studebaker/Oliver Project. As required by Indiana Code 36-7-13-5, the Counci] may not <br />conduct any business requiring expenditures from Fund 434 without the approval, in <br />writing, of a majority of tl,?. n:el::bers of +.he S:,~I:ih Bend Adviso^,~ Commission on <br />Industrial Development. On November 8, 2005 the Advisory Commission on Industrial <br />Development adopted Resolution #3-2005 pledging all CRED revenues for the payment <br />of the Section 108 Loan for the Studebaker/Oliver Project. <br />Ann Kolata or I will attend the Council meeting when the ordinance is considered. <br />Contact me at 235-9330 or Ann at 235-9374 if you have any questions. <br />Sincerely, <br />,~,t' •~r <br />lizabeth Leonard <br />Director, Financial & Program Management <br />_~ ~® <br />~~~y1T <br />Y4k~t~ YGu!'~~C <br />FQ E7E~~, ~t'~ s <br />CItY CLE~~:, <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574!235-9660 574/235-9371 ELIZABETH LEONARD ~~~ <br />Fax: 574/235-9697 574!235-9371 <br />