HomeMy WebLinkAboutExpressing the City's Support to Project Future in 1992 through 1996Attest
RESOLUTION
NO. 1873 -91
Passed by the Common Council of the City of South Bend, Indiana
Attest:
June
10, 19 91
Presented by me to the Mayor of the City of South Bend, Indiana
June
lot-
11, 91
9
Clerk
of Common Council.
City Clerk
Approved and signed by me_ ___ June 13 —_____ 191_.
Mayor
RESOLUTION NO. / 9 %3- (/
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA, EXPRESSING THE CITY'S SUPPORT TO PROJECT
FUTURE IN 1992 THROUGH 1996
WHEREAS, the Common Council acknowledges that for the past ten (10)
years Project Future has promoted South Bend, Mishawaka, and St. Joseph
County for economic development purposes; and
WHEREAS, over this period of time, approximately 14, 000 new jobs have
been created; and
WHEREAS, some of the major economic development projects include:
Ameritech which was a $21.4 Million Dollar new capital investment with 260
new jobs, A.E. Piston which was a $21 Million Dollar new capital investment,
and the $900 Million dollar new capital investment of I/N Tek and I/N Kote;
and
WHEREAS, Project Future plans to continue to conduct an area -wide
economic development program to attract businesses to our expansion of
existing businesses; and
WHEREAS, Project Future has requested from the City of South Bend, the
City of Mishawaka, and St. Joseph County respectively, five (5) year
commitments to assist in the funding of its economic development programs
and its educational initiatives.
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA, as follows:
SECTION I. The City of South Bend pledges its support to Project Future
in jointly working together to attract new business and jobs and revitalize
existing business in our community.
SECTION II. Project Future has requested a five (5) year commitment
from the City of South Bend for $76,000.00 in 1992, $80,000.00 in 1993,
$84,000.00 in 1994, $88,000.00 in 1995, and $92,000.00 in 1996.
SECTION III. The City of South Bend projects a $420,000.00 commitment
to Project Future for 1992 through 1996, subject to and contingent upon the
fiscal condition of the City in each of the subject years, and subject to the
annual budgetary review and approval process.
SECTION IV. This Resolution shall be in full force and effect from and
after its adoption by the Common Council and approval by the Mayor.
Clerk's Office
FWANTED
NOT APPROVED JUN 4 1991
ADOPTED _ /2,_c� %!K GAMMON
.,
_
IN.