HomeMy WebLinkAboutAuthorizing the Mayor to Submit an Urban Development Action Grant (UDAG) to U.S. Department of Housing and Urban Development RESOLUTION
NO. 1234-84
Passed by the Common Council of the City of South Bend, Indiana,
November 29, 19 84 .
Attest: � K + C 1 <— =--KJ City Clerk
Attest: .4, �/ - ,
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 29, 19 84
City Clerk
Approved and signed by me \--V\ d--^-) ,�, Cl I9 Q
/ � / Mayor
•
RESOLUTION NO. 1234-84
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 financial and physical improvement
strategies which contribute to the revitalization of the Central
Downtown Urban Renewal Area, stimulate the local economy, and,
thereby, benefit the people of South Bend as a whole; and
WHEREAS, the creation of new jobs in the downtown will
bolster the service, retail , and entertainment/restaurant
businesses in the Central Downtown Urban Renewal Area; and
WHEREAS, the proposed credit union headquarters and office
complex fits into an overall development concept which emphasizes
the need for a strong, growing financial and office market around
which the consolidation and reconstitution of retail will take
place; and
WHEREAS, a new anchor for the central portion of the River
Bend Plaza will be created which should inspire redevelopment of
adjacent vacant commercial structures and thus enhance the
Central Downtown Urban Renewal Area both physically and
economically; and
WHEREAS, the newly constructed credit union headquarters and
office complex will increase the property value of the currently
underutilized site, ultimately broadening the tax base in our
community; and
WHEREAS, the receipt of an Urban Development Action Grant
would make the proposed development financially viable; and
WHEREAS, there exist no alternative sources of public funds
for this project, and, therefore, the project will not occur
without the assistance of the Urban Development Action Grant.
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 a credit union headquarters and office
complex in the Central Downtown Urban Renewal Area.
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.
em. t„.4
Membe of the Common C ncil
PRESENTED //-07q-ski
NOT APPROVED FILED IN CLERK'S OFFICE
ADOPTED /i' 39- y NQy 2, 1 084
Irene Gammon
on am som BEND,ma