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HomeMy WebLinkAboutAppropriating $68,500 Economic Development State Grant Fund • ORDINANCE No. 8000-89 Passed by the Common Council of the City of South Bend,Indiana_ July 24, '9-8-9 Attest: City Clerk IRENE K. GAMMON Attest td President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana July 25, '9-89 City Clerk IRENE K. GAMMON Approved and signed by me July 2 7 ig 8 9 661"& Mayor BILL NO. �j ORDINANCE NO. WV 8 AN ORDINANCE APPROPRIATING $68,500.00 FROM THE ECONOMIC DEVELOPMENT STATE GRANT FUND TO BE ADMINISTERED BY THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND, INDIANA STATEMENT OF PURPOSE AND INTENT: The City of South Bend has been awarded two State Grants totalling $68,500.00 from the Indiana Department of Commerce to facilitate the start-up of two new businesses in the South Bend area, Communication Test Design, and American Molding. A site has been selected that is located in Phase IV of the Industrial Foundation's Airport .Industrial Park for Communication Test Design. And, American Molding will be locating in the Toll Road Industrial Park. The sites will require various site improvements including water, sewer, and road work. The State Industrial Development Grant will enable the city of. South Bend to finance this project with a (50%) match of that cost not to exceed $68,500., for the purpose of providing Communication Test Design and American Molding adequate water, sewer, and access to their property. The Grant Agreements require audits be conducted upon the completion of this project and $500., has been allocated per the State Grant Agreements for that purpose. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $68,500 is hereby appropriated from the Economic Development State Grant Fund. This appropriation shall be used in accordance with the stipulations set forth in the Grant Agreements executed between the Indiana Department of Commerce and the City of South Bend for the purpose stated above. This appropriation shall be administered by the Department of Economic Development and will be distributed as set forth below. Account No. Description Amount 399.0 Other Contractuals $68,500 SECTION II. No costs will be incurred or funds expended for any activities in this ordinance prior to an official release of funds received from the Indiana Department of Commerce 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 approved by the Mayor. • Adhil M- .-r . ` e Common 0147'1 1 50UTri I 1 /i 4 J,,.' .I'i.� F,1; /% x City of South Bend // mo: \�\����y�� d � / —�J:a j Joseph E. Kernan, Mayor ` 1865=" Department of Economic Development Jon R. Hunt Ann E. Kolata Executive Director Deputy Executive Director July 3, 1989 South Bend Coirenon Council 4th Floor County-City Building South Bend, IN 46601 Dear Council Members: I respectfully request your consideration and approval of the attached appropriation ordinance for the Communication Test Design and American. Molding projects. The City of South Bend has been awarded two State Grants to facilitate these projects. The receipt of the grant money from the State will be conditioned upon the full sum of the grants being used by the City directly for these projects. Upon receipt, the State Grant money will be placed in the City's Economic Development State Grant Fund. The money will be used for infrastructure improvements as specified in the State Grant Agreements. An appropriation ordinance is necessary to complete the local process. The money will be appropriated from the Economic Development State Grant Program Fund for the purpose indicated above, and will be administered by the Department of Economic Development. I would appreciate your consideration and facilitation of this matter. If you have any questions, please do not hesitate to contact me at 284-9335. Sin erely, iet9-A...41/ 2,L. . Donald E. Inks Economic Development & Business Assistance DEI/ed Attach. 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 o (lnmmittrt &port aht the Tonto n Tomtit of the Titt of twutil Eta: Your Committee of the Whole to whom was referred BILL NO. 58-89 A BILL APPROPRIATING $68,500.00 FROM THE ECONOMIC DEVELOPMENT STATE GRANT FUND TO BE ADMINISTERED BY THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE CITY OF SOUTH BEND, INDIANA. Respectfully report that they have examined the matter and that in their opinion This bill should be recommended to the Council favorable. Steve Luecke Chairman FREE PEERS sPEON PUBLISHING CO.