HomeMy WebLinkAboutAppropriating $3,405,000 plus interest in Fund 212 for purpose of Redevelopment of the Studebaker- Oliver Project AreaORDINANCE No. s
Passed by the Common Council of the City of South Bend, Indiana
April 23,
Attest:
Attest:
01
20
Ciry Clerk
President of Common Council
Presented by me to the Mayor of the Ciry of South Bend, Indiana
April?4, 20 91_
Ciry Clerk
April 24, O1
Approved and signed by me 20
Mayor
ORDINANCE NO. ~~i~ ~'~ 1
AN ORDINANCE APPROPRIATING $3,405,000, PLUS INTEREST EARNED THEREON, WITHIN
FUND 212 FOR THE PURPOSE OF REDEVELOPMENT OF THE STUDEBAKER-OLIVER
PROJECT AREA
Statement of Purpose and Intent:
In order to assure the efficient and timely utilization of Community Development Block Grant-
Section 108 Funds in accordance with the community's Housing & Community Development Plan,
certain appropriations are needed:
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend,
Indiana, as follows:
SECTION I. The sum of $3,405,000, plus interest earned thereon, is hereby appropriated for use
in redevelopment activi±ies (including acquisition, relocation, demolition, site preparation, environmental
studies and clean-up, disposition, etc.) taking place in the Studebaker-Oliver Redevelopment Project Area.
Funds can also be used for purposes of repaying this Section 1081oan, if appropriate.
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.
Member of the Commo Council
1 st READING 1~'~-~~
PUaLIC HEARING-Z3-0)
3 rd READING t-{~23~1
NOT APPROVED
REFEP.RED
PASSED ~.+,"Z'~-01
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COMMITTEE REPORT
TO'THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
33-O1 A BILL APPROPRIATING $3,405,000, PLUS INTEREST
EARNED THEREON, WITHIN FUND 212 FOR THE PURPOSE OF
REDEVELOPMENT OF THE STUDEBAKER-OLIVER PROJECT
AREA
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.
Andrew Udj ak
Chairman
1200 C.OUNIY-CITY BUILDING
SOUTH BEND, INDUNA 46601-1830
PHONE 219/ 235-9371
Fax 219/235-9021
TDD 219/ 235-5567
CITY OF SOUTH BEND STEPHEN ~. LUECKE, MAYOR
COMMUNITY BL ECONOMIC DEVELOPMENT
,JON R. HUNT
EXECUTIVE DIRECTOR
Apri12, 2001
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 $3,405,000 in Section 108 Loan
funds for the Studebaker-Oliver Redevelopment project. This proposed funding was part of the Housing
& Community Development Plan 2001 allocations and underwent a 30-day public comment period in
October 2000. No comments were received.
These funds also are companion to the BEDI, EDI, and Neighborhood Initiative dollars recently awarded
by HUD for work in the Studebaker-Oliver area. Ann Kolata and Andy Laurent will attend your April 23,
2001 meetings to present this bill. Please call them at 235-9374 or 235-5829 if you have any questions.
Sincerely,
~-
Elizabe~i Leonard
Director
Financial & Program Management
cc: Jon Hunt
John March
Judy Rosheck
Ann Kolata
Andy Laurent
COMMUNfIY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
219J235-9660 219/235-9371 ELIZABETH LEONARD
FAx: 219/235-9697 2191235-9371