HomeMy WebLinkAboutAppropriating $321,000 Redevelopment State Grabt Program Fund .
. .
ORDINANCE No. 7769-87
Passed by the Common Council of the City of South Bend, Indiana_
June 8, 19 87
Attest: Vcs,„ K7 z`�` City Clerk
IRENE K. GAMMON
Attest: iti r i - ' / President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana _
June 9, rg 87
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City Clerk
IRENE K. GAMMON
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Approved and signed by me U h-e-� , I
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,7 / Mayor
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ORDINANCE NO. 770 - 7
AN ORDINANCE APPROPRIATING $321,000.00
FROM THE REDEVELOPMENT STATE GRANT
PROGRAM 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 a State grant and loan totalling
$321,000.00 from the Indiana Department of Commerce to facilitate public improvements
in the Rum Village Industrial Park. These improvements will spur private expansion
representing over $4.7 million of new investment and over 60 jobs created or retained
in the local community.
In order to comply with the Grant and Loan Agreements, it is necessary to appropriate
$321,000.00 from the Redevelopment State Grant Program Fund for this purpose in
anticipation of the receipt of these funds from the Indiana Department of Commerce.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of South Bend,
Indiana, as follows:
SECTION I. The sum of $321,000.00 is hereby appropriated from the
Redevelopment State Grant Program Fund. This appropriation shall be used in
accordance with the stipulations set forth in the Agreements executed between the
Indiana Department of Commerce and the City of South Bend. This appropriation shall
be administered by the Department of Economic Development and will be distributed as
set forth below:
399.0 Other Contractuals $321,000.00
SECTION II. This ordinance shall be in full force and effect from and
after its passage by the Common Council and approved by the Mayor.
ember of the C.nacn Counc:
CITY of SOUTH I ,EN•
0ot?TB�,roe ROGER O. PARENT, Mayor
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��i, d°a, DEPARTMENT OF ECONOMIC DEVELOPMENT
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.� ���`. )!,'ice s 1200 COUNTY-CITY BUILDING SOUTH BEND, INDIANA 46601 219/284-9371
,� '1866`a
JON R. HUNT
EXECUTIVE DIRECTOR
ANN KOLATA
DEPUTY EXECUTIVE DIRECTOR
May 18, 1987
South Bend Common 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 public improvements in the Rum Village Industrial Park, which will
facilitate industrial expansion (by the Mastic Corporation) and create/retain
approximately 60 jobs in the area.
The City of South Bend was awarded a State grant and loan for this project. Upon
receipt, these State monies will be placed in the City's Redevelopment State Grant
Program Fund.
An appropriation ordinance is necessary to complete the local process. The money
will be appropriated from the Redevelopment State Grant Program Fund for the purposes
indicated above. This appropriation will be administered by the Department of
Economic Development.
I would appreciate your consideration and facilitation of this matter. If you have
further questions, please do not hesitate to contact KC Pocius at 284-9335.
Sincerely,
emu /� G
Ann Kolata
Deputy Executive Director
AK/ed
Attachment
KC/1
REDEVELOPMENT COMMUNITY DEVELOPMENT HOUSING REHABILITATION HUMAN RIGHTS FISCAL & PROGRAM
ANN KOLATA & BUSINESS ASSISTANCE TED LEVERMAN LARRY JOHNSON MANAGEMENT
284-9371 DONALD INKS 284-9475 284-9355 ELIZABETH LEONARD
284-9335 284-9335