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UT <br /> Wei PRACR <br /> CITY OF SOUTH BEND STEPHEN J, LUECKE, MAYOR <br /> DEPARTMENT OF ADMINISTRATION & FINANCE <br /> GREGG D.ZIENTARA <br /> CONTROLLER <br /> February 23, 2011 <br /> Mr. Derek Dieter <br /> President, South Bend Common Council <br /> 4"' Floor, County-City Building <br /> South Bend, IN 46601 <br /> re: Appropriation of the Common Council for the Cost of Public Infrastructure Construction in the <br /> Triangle Property Project Site <br /> Dear President Dieter: <br /> On January 28, 2008, Council adopted Ordinance No. 9824-08, appropriating monies to provide funding <br /> for certain infrastructure improvements relating to the construction of a mixed use development commonly <br /> known as Eddy Street commons and Triangle Development. <br /> The Triangle Development project is a construction project defined as 55-60 residential properties, 70% <br /> at market rate pricing and 30% affordable pricing. The appropriated funds will be used to pay for the <br /> public infrastructure improvements including roads, curbs, sidewalks, street lamps, sewer lines, etc., per <br /> the approved architectural and project design. <br /> The original appropriation of $5.3 million was segmented to include $4,1 million related to Eddy Street <br /> Commons and $1.2 million to Triangle Development. Monies appropriated for the Triangle Development <br /> were never expended, due to project delays resulting from property acquisition delays. The City let the <br /> appropriation expire at the end 2009. <br /> Now, the City of South Bend desires to recommence the Triangle Development project at this time. <br /> Therefore, request is made to appropriate $2.4 million, $2.0 million in Major Moves Fund 412 and $0.4 <br /> million in Sewer Capital Fund 642, <br /> This bill is presented to Council for first read at the February 28 meeting, committee meeting, 2nd read, 3rd <br /> read and Council vote on March 14, 2011. <br /> Mayor Luecke and Public Works Director Gilot will present this bill to Council at the committee meeting <br /> and at the Council session. <br /> Regards, Filed ( ';S ° 'flee <br /> 4 <br /> Gregg D. Zientara .'�� r n <br /> L.,J � `"f L L I <br /> cc: Stephen J. Luecke, Mayor of the City of South Send �-_- <br /> Gary Gilot „t:F,=r �► i�¢f <br /> Cll'f1f CL, �' SUCH BEND,IN <br /> County-City Building 227 West Jefferson Boulevard South Bend, Indiana 46601-1830 <br /> Phone: 574/235-9216 Fax: 574/235-9928 TDD: 574/235-5567 <br />