HomeMy WebLinkAboutAppropriating $750,000 of section 108 Loan Funds for use in West Washington/Chapin ORDINANCE No. 8026-89
Passed by the Common Council of the City of South Bend,Indiana.
October 9, rq 89
Attest: � � City Clerk
IRENE K. GAMMON
Attest: • President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 10, 19 89
City Clerk
IRENE K. GAMMON
Approved and signed by me October 12 �9 89
Mayor
BILL NO. c C�
ORDINANCE NO. go a CJ 0
AN ORDINANCE APPROPRIATING $750,000
OF SECTION 108 LOAN FUNDS, PLUS EARNED INTEREST,
FOR USE IN WEST WASHINGTON/CHAPIN REVITALIZATION AREA
STATEMENT OF PURPOSE AND INTENT:
In order to assure the efficient and timely utilization of Section 108
funds and that the immediate needs of specific activities are met,
appropriation of funds 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 $750,000 of Section 108 loan funds, plus interest
earned on such funds, is hereby appropriated for use for acquisition,
relocation, clearance, commerical and or housing rehabilitation, public works
and loan repayment costs in the West Washington/Chapin Revitalization Area.
SECTION II. No costs will be incurred or funds expended for any of the
activities in this ordinance prior to an official release of funds received
from the United States Department of Housing and Urban Development as may be
required.
SECTION III. This ordinance shall be in full force and effect from and
after its passage by the Common Council and approval by the Mayor.
461_6 4
�.•- the Common fiil
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1st READING q'aJr"fl
PUBLIC HEARING )0-Q- g� SEP 2 0 1989
3rd READING /o_q b
NOT APPROVED
GAMS..
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' x ' City of South Bend
Joseph E. Kernan, Mayor
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Department of Economic Development
Jon R. Hunt Ann E. Kolata
Executive Director Deputy Executive Director
September 1, 1989
South Bend Coiuunon 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 the
entire $750,000 of Section 108 Loan funds plus all interest earned for use in
the West Washington/Chapin Revitalization Area. These funds will be used for
acquisition, relocation, clearance, commercial and or housing rehab, public
works and loan repayment costs. Please note all interest earned and/or program
income received from these activities must be used to help retire the debt and
not for any other purpose until the loan is repaid.
If you have any questions regarding this bill, please call me.
Sincerely,
Eliz. •`.-th Leona0J010
Direc or
Financial and Program i .gement
EL/ed
cc: Jon Hunt
Betsy Harriman
John March
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 Mary E. Allen
284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355
284-9335 284-9475 284-9335