HomeMy WebLinkAboutAuthorizing the Mayor to Submit an Urdan Development Action Grent (UDAG) Application to the US Department of Housing & Urban Development RESOLUTION
NO. 1316-85
Passed by the Common Council of the City of South Bend, Indiana,
July 22, 19 85
Attest: /C.— / City Clerk
Attest: /ter/ �/ a' / / President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
July 23 . 19 85 .
�cp t e A City Clerk
Approved and signed by me / 023, 19 D,5 .
/ % Mayor
RESOLUTION NO. 1316-g
RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO
SUBMIT AN URBAN DEVELOPMENT ACTION GRANT (UDAG)
APPLICATION TO THE U.S. DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
WHEREAS, the City of South Bend is dedicated to pursuing
economic development through promoting growth of businesses which
stimulate the local economy and thereby benefit the people of
South Bend as a whole; and
WHEREAS, the Griffith Laboratories project will benefit the
local economy, specifically by creating new manufacturing jobs
and new construction jobs, by generating new taxes on real and
personal property, by utilizing vacant land, and by contributing
to the construction of a new building and infrastructure
development in the South Bend community; and
WHEREAS, the location of Griffith Laboratories, an export
industry, into the South Bend area fits into our overall
development concept as it will contribute to the restoration and
diversification of our industrial base, as well as serve to
encourage related industrial developments; and
WHEREAS, the receipt of an Urban Development Action Grant
would make the proposed development financially feasible as it
will allow Griffith Laboratories to exceed the limit on capital
expenditures imposed by industrial revenue bond financing , an
essential ingredient to financing this project.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA:
SECTION I. Hereby establishes the authority of the Mayor of
the City of South Bend to submit under Title I of the Housing and
Community Development Act of 1977 , an Urban Development Action
Grant Application to the United States Department of Housing and
Urban Development for an industrial project to be constructed by
Griffith Laboratories .
SECTION II . This Resolution shall be in full force and
effect immediately upon passage by the Common Council of the City
of South Bend, Indiana, and approval by the Mayor.
_ - t
M'm.er o the Co ion ouncil
6t
JUL 17 'Qu
PRESENTED 71t a R : $J" � ;v
NOT APPROVED CITY CLERK, SO. BEND, IN
ADOPTED 7 - a a- S C