HomeMy WebLinkAboutAuthorizing the Mayor to Submit an Application for Section 108 Loan Guarantee under Title I of Housing & Community DevelopmentRESOLUTION
NO. 1638 -88
Passed by the Common Council of the City of South Bend, Indiana
T�
Clerk
Presented by me to the Mayor of the City of South Bend,
August 23, 19 88
of Common Council.
K— City Clerk
Approved and signed by me August 24, 1988
Mayor
RESOLUTION NO.
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, AUTHORIZING
THE MAYOR TO SUBMIT TO THE UNITED STATES
GOVERNMENT, DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT, AN APPLICATION FOR A
SECTION 108 LOAN GUARANTEE UNDER TITLE I
OF THE HOUSING AND COMMUNITY DEVELOPMENT
ACT OF 1974, AS AMENDED.
WHEREAS, the Mayor of the City of South Bend, Indiana, is the
Chief Executive Officer of the City and is the applicant for a
Section 108 Loan Guarantee under Title I of the Housing and
Community Development Act of 1974, as amended; and
WHEREAS, proceeds from this loan will be used for various
redevelopment activities within the West Washington- Chapin
Development Area as outlined in the "Final Statement of Section 108
Loan Guarantee Objectives and Projected Use of Funds;" and
WHEREAS, the redevelopment of the West Washington- Chapin
Development Area will be greatly facilitated by the receipt of
proceeds available through a Section 108 Loan Guarantee.
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 the Section 108 Loan Guarantee
Application to the United States Government under Title I of the
Housing and Community Development Act of 1974, as amended.
SECTION II. That the Common Council of the City of South Bend,
Indiana hereby requests that the Mayor submit the Section 108 Loan
Guarantee Application to the Common Council for review and comment
prior to the date upon which the Section 108 Loan Guarantee
Application must be filed with the Department of Housing and Urban
Development.
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 Section 108 Loan Guarantee funds received upon approval of this
application.
SECTION IV. That
effect from and after
approval by the Mayor.
SEC108LN
6REUNMD a, .- a ;? - & S-
NOT APPROVED
ADOPTED
this Resolution shall be in full force and
its adoption by the Common Council and
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