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HomeMy WebLinkAboutAppropriating $249,450 plus interest in Fund 209 for the purpose of Redevelopment of the Studebaker- Oliver Project AreaORDINANCE No. 9218-01 Passed by the Common Council of the Ciry of Sout{t Bend, Indiana April 23, Attest: Attest: 01 20 Presented by me to the Mayor of the City of Soutlt Bend, Indiana April 24, 20 01 City Clerk President of Common Council City Clerk Approved and signed by me a; ,-; i ~ 4., 20 _0,]- Mayan ORDINANCE NO. `~\21 b -~ AN ORDINANCE APPROPRIATING $249,450, PLUS INTEREST EARNED THEREON, WITHIN FUND 209 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 Studebaker-Oliver Redevelopment project funds, 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 $249,450, plus interest earned thereon, is hereby appropriated for use in redevelopment activities (including acquisition, relocation, demolition, site preparation; environmental studies and clean-up, disposition, etc.) taking place in the Studebaker-Oliver Redeveiopment Project Area. 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 Common ouncil 1 st READ:iw 1.1--q^O~ PU6LlC NEARY~dG ~-Z3 -~ 3 rd READING t,hL3 _p~ NOT APPROVED REFERRED 1, PASSED ~ -L3-O1 ..c..~ Et~+~~~: ~..,.n.-...,.~_.~.._z_~__ nn t ®?: ~oi,~ G r L~ ~' ~ a'1 '~ ~. ~?'~ i~1! K COMMITTEE REPORT TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 35-O1 A BILL APPROPRIATING $249,450, PLUS INTEREST EARNED THEREON, WITHIN FUND 209 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 ti . 1200 CAUNTY-CI7Y BUILDING Sovn-1 BEND, INDIaNn 46601-1830 PHONE 219/ 235-9371 FAx 219/235-9021 TDD 219/ 235-5567 CITY OF SOUTH BEND STEPHEN J. 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 $249,450 in Economic Development Initiative funds for Studebaker-Oliver Redevelopment project. These funds also are companion to the Section 108 Loan, BEDI, and Neighborhood Initiative dollars recently awarded by HUD for work in the Studebaker-Oliver area. Ann Kolata and Andy Laurent will attend your Apri123, 2001 meetings to present this bill. Please call them at 235-9374 or 235-5829 if you have any questions. Sincerely, Elizabeth Leonard Director Financial & Program Management cc: Jon Hunt John March Judy Rosheck Ann Kolata Andy Laurent - .,. r ~ ~' `t _ _ _ COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYEA DONALD E. INKS 1VIANAGEMENT 219/235-9660 2191235-9371 ELIZABETH LEONARD FAx: 219/235-9697 219/235-9371