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HomeMy WebLinkAbout9489-04 Appropriating $155,00 within U.D.A.G. Fund 410 - Community & Economic Development for the purpose of providing predevelopment costsORDINANCE No. 20 04 Passed by the Common Council of the City of Soutli Bend, Indiana February 23, Attest: JOHN VOORDE Attest: Presented by me to the Mayor of the City of South Bend, Indiana February 24, 20 9489-04 04 City Clerk President of Common Council Ciry Clerk Approved and signed by me February 26 2p 04 ~,,e Mayor ORDINANCE NO. _ ~ ~ g~ - 0 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA APPROPRIATING $155,000 WITHIN THE U.D.A.G. FUND (FUND 410) OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT FOR THE PURPOSE OF PROVIDING PREDEVELOPMENT COSTS FOR POTENTIAL DEVELOPMENT PROJECTS WITHIN THE CITY OF SOUTH BEND Statement of Purpose and Intent: In order to assure the efficient and timely utilization of Urban Development Action Grant Reimbursement Funds and to further the implementation of the redevelopment plans within the City, certain appropriations are necessary. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $155,000 is hereby appropriated within Fund 410 for the Department of Community and Economic Development for calendar year 2004. SECTION II. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. Ge.~/Il Member of the Commo Council 1st READING Z`~-©~~ PUBLIC HEARING ~-~z3'oy 3 rd READING Z_Z3_dU NOT APPROVED ) REFERRED PASSED ZJZ3-v~ TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 6-04 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA APPROPRIATING $155,000 WITHIN THE U.D.A.G. FUND (FUND 410) OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT FOR THE PURPOSE OF PROVIDING PREDEVELOPMENT COSTS FOR POTENTIAL DEVELOPMENT PROJECTS WITHIN THE CITY OF SOUTH BEND Respectfully report that they have examined the matter and that in their opinion, this bill is being recommended to the full Council with a favorable recommendation. Sean Coleman Chairman 1200 COUNTY-CITY BUILDING SOUTH BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 574/ 235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT January 30, 2004 South Bend Common Council Fourth Floor Council Chambers 400 County-City Building South Bend, IN 46601 Dear Council Member: The attached bill for your consideration and approval will appropriate $155,000 of Urban Development Action Grant reimbursement funds for Predevelopment costs for pending development projects within the City. As we have discussed previously, predevelopment costs include items such as: market studies, appraisals, preliminary site plans, surveys, title work, environmental studies, etc. which are necessary to determine the feasibility of a project and determine whether it can/should proceed. In addition, $50,000 represents anticipated City Plan contributions from our corporate sponsors. I will make presentation to the Council at your February 23rd meeting. If you have any questions, please call me at 235-9330. Sincerely, ((~~~~~ `Elizabe~f-1 Leonard Director Financial Et Program Management cc: Don Inks Pam Meyer Larry Magliozzi John March .__ _ _ _. ~. _ ~ ..,t ~.-, --..,.~..._....v.~,._._..---._.._._,-. E ~ t ~'Et~ 0 ~ ~~!?° ~ s a crrti~c:...... ~...._.~.:~,~. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINA'N,C•IA.L & PROGRAM PAMELA C. MEYER DONALD E. INKS 1V1A1vAGEMENT D ~~ 574/235-9660 574!235-9371 ELIZABETH LEONARD FAX: 574!235-9697 574/235-9371