HomeMy WebLinkAboutAppropriating $2,400,000 of Section 108 Loan funds, plus interest earned thereon, for use of rehabilitation, construction and redevelopment activities1 ~
ORDINANCE No. a~a~
Passed by the Common Council of the City of South Bend, Indiana
February 9, 98
19
Attest:
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 10, 19 98
Ciry Clerk
Approved and signed by me FPhrnar~ 1 n, 19 cog
Mayor
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ORDINANCE NO. ~~~~/-~(~
AN ORDINANCE APPROPRIATING $2,400,000 OF SECTION 108
LOAN FUNDS, PLUS INTEREST EARNED THEREON, FOR USE IN
REHABILITATION, CONSTRUCTION AND REDEVELOPMENT ACTIVITIES
STATEMENT OF PURPOSE AND INTENT:
In order to assure the efficient and timely utilization of Section 108 funds and that the
immediate needs of specific activities are met, appropriation of funds is necessary.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The sum of $2,400,000 of Section 1081oan funds, plus interest earned on
such funds, is hereby appropriated for use in downtown redevelopment activities (including
acquisition of land for the Studebaker Museum), rehab of the Center for the Homeless and
construction of an addition to the LaSalle Park Recreation Center.
SECTION II. No costs will be incurred or funds expended for any of the activities
addressed in this ordinance prior to an official release of funds received from the United States
Department of Housing and Urban Development.
SECTION III. This Ordinance shall be in full force and effect from and after its passage
by the Common Council and approval of the Mayor.
~c,~m~
Member of the Common Council
1st READING ~- ~~ - 9 b
PU6LIC HEARING ~ - g_ 9
3rd READING ? , 9 . 9 g
NOT APPROVED
REFERRED nn
PASSED ~ ,g- L~ ~' rl~ ,S U~S T ~~ Z' l~
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COMMITEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Commitee of the Whole, to whom was refereed:
BILL NO.
10-98 A BILL APPROPRIATING $2,400,000 OF SECTION 108
LOAN FUNDS, PLUS INTEREST EARNED THEREON, FOR USE
IN REHABILITATION, CONSTRUCTION AND REDEVELOPMENT
ACTIVITIES
Respectfully report that they have examined the matter and that in their opinion, this bill
has been recommended to the Council favorably, as substituted.
John Broden
Chairman