HomeMy WebLinkAboutAuthorizing the Mayor to Submit Application to the Indiana Department of Enviromental Management Brownsfield Cleanup Revolving Loan FundAttest:
RESOLUTION
3106 -02
Passed by the Common Council of the City of South Bend, Indiana
July 8,
20 02
Presented by me to the Mayor of the City of South Bend, Indiana
July 10 202.
City Clerk
President of Common Council
Approved and signed by me July 11 20 02
City Clerk
0
RESOLUTION NO. 3 k o� - 0-)-,
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, AUTHORIZING THE MAYOR TO SUBMIT AN APPLICATION TO THE
INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT FOR A LOAN
FROM THE BROWNFIELDS CLEANUP REVOLVING LOAN FUND
WHEREAS, the Mayor of the City of South Bend, Indiana, is the Chief Executive Officer
of the City and is the appropriate applicant for a loan from the Indiana Department of Environmental
Management (IDEM) Brownfields Cleanup Revolving Loan Fund; and
WHEREAS, the purpose of the Brownfields Cleanup Revolving Loan Fund is to clean up
brownfields to facilitate their sustainable reuse; and
WHEREAS, the City of South Bend is interested in remediating environmental conditions
at a publicly owned piece ofproperty known as Fredrickson Park in order that new development may
occur on the site; and
WHEREAS, the proposed remediation at Fredrickson Park meets the guidelines of the
Brownfields Cleanup Revolving Loan Fund.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. That the Mayor of the City of South Bend, Indiana, is hereby authorized to
submit an application to the Indiana Department of Environmental Management for a loan from the
Brownfields Cleanup Revolving Loan Fund in the amount of $1,000,000.
SECTION II. That the Mayor of the City of South Bend, Indiana, shall file with the Common
Council a complete copy of the Loan Application to be submitted by the Mayor to the Indiana
Department of Environmental Management.
SECTION III. That for every activity, project, or program to be funded under this resolution,
the Mayor shall submit to the Common Council an appropriation ordinance prior to expenditure of
any funds received from the Indiana Department of Environmental Management upon approval of
this application.
SECTION IV. That the Mayor shall be authorized to accept and affirm the loan should one
be awarded.
SECTION V. That the City of South Bend, Department of Community and Economic
Development be designated as the agency and office administering on behalf of the City of South
Bend any loan awarded under this application.
SECTION VI. That this resolution shall be in full force and effect from and after its adoption
by the Common Council and approval by the Mayor.
VRISE"15 a_1 -g- O Z
NOT APPROVED
Member of the Common Co it
Filed In Clerk's Office
J U i_ 0 1 2002
LCRETTAJ. DUDA
WYCLERK, BC. BEND, DL
ADOPTED -? g -02, - �—
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
02 -54 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT AN
APPLICATION TO THE INDIANA DEPARTMENT OF ENVIRONMENTAL
MANAGEMENT FOR A LOAN FROM THE BROWNFIELDS CLEANUP
REVOLVING LOAN FUND
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
1200 COUNTY -CITY BUILDING
SOUTH BEND, INDIANA 46601 -1830
PHONE 574 /235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
JON R. HUNT
EXECUTIVE DIRECTOR
June 19, 2002
South Bend Common Council
4" Floor, County City Building
227 West Jefferson
South Bend, IN 46601
Dear Council Members:
Enclosed is a resolution authorizing the Mayor to submit an application to the Indiana
Department of Environmental Management for a Brownfields Cleanup Revolving Loan
in the amount of $1,000,000. If the loan is approved by IDEM, the proceeds will be used
to remediate environmental concerns at Fredrickson Park so that the park can be prepared
for new development. If the loan is approved, the exact terms of the loan will be negotiated with
IDEM and the Indiana Development Finance Authority. The general terms of the loan program
are that loans of 1 -9 years have an interest rate of 2.5% while loans of 10 -20 years have an
interest rate of 3 %.
I respectfully request your approval of this resolution.
Sincerely,
Ann E. Kolata
Senior Redevelopment Specialist
cc: Mayor Stephen J. Luecke
Filed In Clerk's Office
JUL 0 v 2002
LOpBTTAJ. DI1DA
CITYCLEBK, 90. BEND, K
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. METER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAX: 574/235 -9697 574/235 -9371