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1200 COUNTY -CITY BUILDING <br />227 W. JEFFERSON gouLEvAku <br />SOUTH BEND,1NI)uNA 46601 -1830 <br />PHONE 574/ 235 -9371 <br />FAX 5741235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF So T ii BEND STEPHEN J. LUECKE, MAYOR <br />C®MMUNI' `Y & ECONOMIC DEvEL®PMENI' <br />JEFFREY Y. GIBNEY <br />ExEcunvE DIRECTOR <br />May 16, 2011 <br />Mr. Derek Deiter � � � l President, South Bend Common Council La� �!, "j <br />227 W. Jefferson Blvd., Suite 400 -- ,m. - -�- ®�-- - <br />South Bend, IN 46601 <br />Dear President Deiter: <br />The attached bill for Council consideration and approval will appropriate $1,708,707 in 2011 <br />Neighborhood Stabilization 3 (NSP3) funds for the three year period of March 8, 2011- March 7, 2014. <br />This action allocates new funds in accordance with the 2011 Action Plan and NSP 3 Amendment of the <br />Housing and Community Development Plan (HCD) submitted to the Department of Housing and Urban <br />Development on March 1, 2011. <br />As was explained in the email notification to the Council sent February 8, 2011, the 2011 HCD <br />Action Plan NSP3 Amendment was the subject of a 15 -day public comment period that began February <br />11, 2011 and expired February 25, 2011. The City received the Release of Funds Notice on April 21, <br />2011. Grantees have to expend 50% of the funds within 24 months from the HUD grant agreement <br />execution date of March 8, 2011, and 100% no later than March 7, 2014. <br />Should there be any questions on this bill please contact meat 235 -5845. I will be present to address this <br />issue at the June 13, 2.011 meeting. Thank you. <br />Sin re <br />ff <br />r ela C. Meyer" <br />Director <br />cc: Jeff Gibney <br />Gregg Zientara <br />John March <br />Laura Raygoza <br />COMMuNI7Y DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM ,��✓ <br />PAMELA C. MEYER DoKALD F, 1NKs MANAGEMENT C V <br />f <br />574/235 -9664 5741235 -9371 ELIZABETH LEONARD <br />FAX: 574/235 -9697 5741235 -9371 <br />