07-13-98 Council Meeting Minutes

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REGULAR MEETING JULY 13, 1998 within the ZONE, with such boundary modification as was approved by the BOARD and that it is in the best interests of the City of South Bend, the ZONE and the residents and businesses within the ZONE, that the application for renewal, as approved by the BOARD, and all supporting documentation, be submitted to the Indiana Urban Enterprise Association for its review and evaluation. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: 1. That the following community and economic development incentives are among those available within the ZONE: A. Loans to businesses through the City of South Bend's Industrial Revolving Loan Fund, Corporation for entrepreneurial Development Loan Fund and the Neighborhood Business Development Corporation Loan Fund. B. The availability of tax increment to the City of South Bend Department of Redevelopment for use throughout the Sample -Ewing Development Area, a redevelopment area within the boundaries of which the ZONE is located, for financing local public improvements in or serving the Sample -Ewing Development Area. C. The availability of real and personal property tax abatement for residential, industrial, institutional and warehousing development in the ZONE. D. The targeting of Civil City Good Neighbors Funds by the City of South Bend to assist in funding the operations of the Southeast, Rum Village and Westside Partnership Centers serving the ZONE. E. The targeting of Community Development Block Grant Funds by the City of South Bend to assist in the funding of public improvements, housing, commercial development, organizational support and service provision that affect the ZONE. F Cooperative efforts of the City of South Bend and affected neighbor hood organizations to provide a focus for neighborhood planning and improvement activities. G. The provision of staff services by the City of South Bend to the Neighborhood Resources and Technical Services Corporation, an Indiana non - profit Corporation targeting urban neighborhoods, including the Southeast, Rum Village, Near Westside and Westside neighborhoods and neighborhood associations located within the ZONE for grants, technical support and resource development. 2. That the five year strategic plan, a true and complete copy of which is attached hereto and incorporate herein, dated as of June 24, 1998 shall be and hereby is approved. 3. That the application for renewal of the ZONE, with such boundary modifications as were approved by the BOARD dated June 24, 1998, shall be and is hereby approved. 4. The Executive Director of the BOARD is hereby authorized and directed to cause to be submitted to the Indiana Urban Enterprise zone Board for its evaluation and review the application for renewal approved hereby, as well as the five ear strategic plan approved hereby, and any and all supporting documentation, documents, publication proofs, resolutions, and the like. 5. This Resolution shall be in full force and effect from and after its adoption by the Council and approval by the Mayor.