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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH 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. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />JEFFREY V GIBNEY <br />EXECUTIVE DIRECTOR <br />June l6, 2009 <br />South Bend Common Council <br />Fourth Floor Council Chambers <br />227 W. Jefferson Boulevard <br />South Bend, IN 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 Council may not <br />conduct any business requiring expenditures from Fund 434 without the approval, in <br />writing, of a majority of the members of the South Bend Advisory 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 />~ ~ (z` <br />lizabeth Leonard <br />Director, Financial & Program Management <br />~tltrt~ SCI (;i~'1`~'~ ~~` ~~ <br />,1~N ~ 7 ?009 <br />~e,trt voos~oE <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & 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 lJ"i <br />