Laserfiche WebLink
ORDINANCE NO. <br /> AN ORDINANCE OF THE COMMON COUCNIL OF THE CITY OF SOUTH BEND, <br /> INDIANA, APPROPRIATING THE SUM OF$2,000,000. FROM MAJOR MOVES <br /> FUND (#412) AND THE SUM OF$400,000. FROM SEWAGE WORKS CAPITAL <br /> FUND (#642), FOR TOTAL APPROPRIATION OF$2,400,000., FOR THE PURPOSE <br /> OF INFRASTRUCTURE CONSTRUCTION AT THE TRIANGLE PROPERTY <br /> PROJECT SITE <br /> STATEMENT OF PURPOSE AND INTENT <br /> On January 28, 2008, the Common Council adopted Ordinance No. 9824-08, <br /> appropriating monies to provide funding for certain infrastructure improvements relating to the <br /> construction of a mixed use development commonly known as Eddy Street Commons and <br /> Triangle Development. The Triangle Development project is a construction project defined as <br /> 55-60 residential properties, 70% at market rate pricing and 30% affordable pricing. <br /> Monies appropriated for the Triangle Development under Ordinance 9824-08 were never <br /> expended, due to project delays resulting from property acquisition delays. The City let the <br /> appropriation expire at the end of 2009. The City of South Bend now desires to recommence the <br /> Triangle Development. <br /> The appropriated funds will be used to pay for the public infrastructure improvements <br /> including roads, curbs, sidewalks, street lamps,,sewer lines, and similar items, per the approved <br /> architectural and project design. <br /> NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br /> Bend, Indiana, as follows: <br /> Section I. The sum of Two Million Dollars ($2,000,000) is hereby appropriated and set <br /> aside within Major Moves Fund (#412) for infrastructure construction at the Triangle Property <br /> Project site. <br /> Section II. The sum of Four Hundred Thousand Dollars ($400,000) is hereby <br /> appropriated and set aside within Sewage Works Capital Fund (#642) for infrastructure <br /> construction at the Triangle Property Project site. <br /> Section Ill. This Ordinance shall be in full force and effect from and after its passage by <br /> the Common Council and approval by the Mayor. <br /> Member of the Common Councf <br /> op C. ` and <br /> 9 & dk5 dfa Jv. u)r5 iL 3 <br />