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ORDINANCE NO. ~X~y-97 <br />An Ordinance of the Common Council of the City of South Bend, Indiana <br />Appropriating Sixty Thousand Dollars ($60,000) <br />From the Economic Development State Grant Fund (Fund 210) <br />STATEMENT OF PURPOSE AND INTENT <br />The Common Council of the City of South Bend hereby determines that it is necessary <br />and in the best interest of the City to make certain appropriations from funds within the <br />Economic Development State Grant Fund (fund 210) of the City of South Bend for certain <br />expenses related to determining the feasibility of redeveloping the former Oliver Plow Works <br />site. Said funds will be received from the U.S. Economic Development Administration <br />through an existing Long Term Economic Deterioration Grant agreement. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA AS FOLLOWS: <br />SECTION I. The sum of Sixty Thousand Dollars ($60,000) is hereby appropriated <br />from the City of South Bend's Economic Development State Grant Fund (fund 210). Said <br />funds will be received by the City of South Bend from the U.S. Economic Development <br />Administration through an existing grant agreement. Said grant requires that these funds be <br />used for certain expenses related to determining the feasibility of redeveloping the former <br />Oliver Plow Works site. <br />Section II. This Ordinance shall be in full force and effect from and after its passage <br />by the Common Council and approval by the Mayor. <br />Member, South Bend Common Council <br />1st READING ~ ~~ <br />PUBLIC HEARWG ~-~3-9 <br />3rd READING ~-~3-~7 <br />NOT APPR©VEL~ <br />REFERREb <br />Filed in Cleri~'~ O~~ice <br />J U ~1 - 4 1997 <br />LORETT%J. DUD". <br />CITY CLt?RI'., 8,0. BEtdD, It3. <br />PASSED ~j-~J-~-(~ <br />