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HomeMy WebLinkAboutAppropriating $1,496,700 plus interest, within Fund 209 for purpose of Redevelopment of Studebaker- Oliver Project AreaORDINANCE No. Passed by the Common Council of the City of Soutlt Bend, Indiana April 23, 20 Attest: Attest: City Clerk President of Common Corrncil Presented by me to t/ze Mayor of the City of Soutli Bend, Indiana A rip 124, 20 01 City Clerk April 24, O1 Approved and signed by me 20 Mayor ORDINANCE NO. \ 7i1~ ~'~, AN ORDINANCE APPROPRIATING $1,496,700, 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 $1,496,700, 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 Redevelopment 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 Comm n Council 1st READING ~~~ ~~ PUBLIC HEARING ~ ~L3-09 3 rd READING 3_ I NOT APPROVED ~ L O REFEP.RED PASSEn ~{-L3-off .: ~ .~ _-_ :'~ _ ... _,,~_~a i I i r~~,~ ~ ~? 2~~~ L~ 'i ~I d. L"•1~.2,a " COMMITTEE REPORT TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 36-01 A BILL APPROPRIATING $1,496,700, 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 1200 COUNTY-CITY BUILDING Sovn-1 BEND, IND1ANa 46601-1830 PHONE 219/ 235-9371 Fax 219/235-9021 TDD 219/ 235-5567 CITY OF SOUr'H BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL 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 $1,496,700 in Neighborhood Initiative funds for the Studebaker-Oliver Redevelopment project. These funds also are companion to the Section 108 Loan, BEDI, and EDI 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, ~~~. Elizabeth Leonard Director Financial & Program Management cc: Jon Hunt John March Judy Rosheck Ann Kolata Andy Laurent COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCUL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 219/235-9660 219/235-9371 ELIZABETH LEONARD FAx: 219/235-9697 219!235-9371