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HomeMy WebLinkAboutAppropriating $60,000 in the UDAG fund 410 of CED to provide predev costs for potential dev projects in South BendORDINANCE No. s3~~.o~ Passed by the Common Coa~ncil of the City of South Bend, Indiana May 13, Attest: Attest: u n.vJ1 pC G~„i~ 20 02 Presented by me to the Mayor of the City of South Bend, Indiana May ~ d 20 _Q2 Ciry Clerk President of Common Council Ciry Clerk Approved and signed by me May 14' 20 ~~ Mayor ORDINANCE NO. 13 2~ ~d~ AN ORDINANCE APPROPRIATING 560,000 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 560,000 is hereby appropriated within Fund 410 for the Department of Community and Economic Development for calendar year 2002. 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. ~ ti.e~ ~~ Member of the Common Co ncil 1 st READING ~,zz'oL PUBLIC HEARING s-l3-~Z 3 rd READING S ~13 - OZ NOT APPROVED REFERRED PASSED S-\3 -O~ APB 1 ~~ ?.002 `P.61f~ 1 rfa ~. iJ~~ilii ~ COMMITTEE REPORT TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 28-02 A BILL APPROPRIATING $60,000 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. Karl King Chairman 12UU COUIV'iY-CITY BUILDING SOUTH BEND, INDIANA 46601-1830 PHONE 574! 235-9371 Fax 5741235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY $L ECONOMIC DEVELOPMENT JON R. HUNT EXECUTIVE DIRECTOR April 15, 2002 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 560,000 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. Jon Hunt will make presentation to the Council at your May 13th meeting. If you have any questions, please call him at 235-9375. Sincerely, ~lizab Leonard Director Financial & Program Management cc: Jon Hunt John March f~i',~~1 ~ ?OQ~. 4,.~.. r.C ''. ~ ~•' f p •' COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 ELIZABETH LEONARD FAx: 574/235-9697 574/235-9371