HomeMy WebLinkAboutAppropriating $143,214 Payment on St Joseph/Wayne Parking Garage Lease �-
t
ORDINANCE No. $101
Passed by the Common Council of the City of South Bend, Indiana
July 9, r9 90
Attest: t Ct iyCl erk
IRENE K. GAMMON
Attest: A-. 4-111 President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana _
July 10, 90
I 9
City Clerk
IRENE K. GAMMON
Approved and signed by me July 18 �9 90
Mayor
a
BILL NO. r�
ORDINANCE NO. ?/i!)/- 90
AN ORDINANCE APPROPRIATING $143,214.00
FOR PAYMENT ON ST. JOSEPH/WAYNE
PARKING GARAGE LEASE
STATEMENT OF PURPOSE AND INTENT:
In order to assure the efficient and timely utilization of funds and that
the immediate needs of specific activities are met, certain appropriation is
necessary.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The sum of $143,214.00 is hereby appropriated fran UDAG Fund
(#410) to be paid to the Parking Garage Principal and Interest Account of the
Redevelopment District Bond Fund (Fund #312) for use in making the lease
payment on the St. Joseph/Wayne Parking Garage.
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.
C t
r tuber of the .-1-4,n Counc'
Filed in Clerk's Office
1 st READING lD -Q.5,9 Q I JUN 2 0 1991
PUBLIC HEARING 7 q-q3
3rd READING `7—C/_9v IRENE GAMMON
NOT APPROVED CITY CLERK,SO.BEND,IN.
REFERRED
PASSED -7--q_ 9 0
1
�`:s ,,,x,'� 4
i �.�� �i e City of South Bend
kp? ``:,�i•1 Joseph E. Kernan, Mayor
,I'i , . 1865 �-a .-
Department of Economic Development
Jon R. Hunt Ann E. Kolata
Executive Director Deputy Executive Director
June 18, 1990
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 funds for the payment on the St. Joseph/Wayne Parking
Garage bond. The funds were received from One Michiana Square's
repayment on their UDAG loan. As you will remember, we agreed to
dedicate the One Michiana Square repayments for debt service when
the parking garage financing was structured.
If you have any questions regarding this bill, please call me.
Sincerely,
4 1 . �—
Eli .eth Leo .r d
Director ,
Financial and Program Management
cc: Jon Hunt
John March
Ann Kolata
1200 County-City Building • South Bend, Indiana 46601 • 219/284-9371 Fax 219/284-9892
Redevelopment Economic Development Housing Rehabilitation Financial & Program Human Rights
Ann Kolata & Business Assistance Kathryn Baumgartner Management Cynthia Love-Bush
284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355
284-9335 284-9475 284-9335