Laserfiche WebLink
1400 COUNTY-CITY BUILDING <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 219/235-9241 <br />Fax 219/235-9892 <br />TDD 219/235-5567 <br />CITY OF SOUTH BEND STEPHEN,J. LUECKE, MAYOR <br />DEPARTMENT OF LAW <br />,JOHN E. BRODEN <br />CITY ATTORNEY <br />Mr. Sean Coleman, President <br />South Bend Common Council <br />4th Floor, County-City Building <br />South Bend, IN 46601 <br />March 3, 1999 <br />Re: Approval of Lease for Public Improvements <br />Dear President Coleman: <br />ALADEAN M. DEROSE <br />CHIEF ASSISTANT CITY ATTORNEY <br />Attached for filing with the South Bend Common Council is an ordinance approving a lease <br />for public improvements between the South Bend Redevelopment Authority and the South Bend <br />Redevelopment Commission, which also authorizes the use of EDIT revenues by the Redevelopment <br />Commission for the payment of rentals. The South Bend Common Council authorized this <br />application for Section 108 Loan Funds in November, 1997. However, because these Section 108 <br />Loan Funds are now being repaid with EDIT and TIF revenues, and not Community Development <br />Block Grant Funds, Common Council action is again required for the repayment of the Section 108 <br />Loan. $600,000 of the Section 108 Loan will be repaid through CDBG funds, but the remaining $1.8 <br />Million Dollars will be repaid through the use of EDIT and TIF funds. These monies will go to such <br />worthwhile projects as land assembly, development of a new downtown office complex, and the <br />Studebaker Museum. <br />Thank you in advance for your consideration of this matter. <br />Sincerely, <br />JEB/jl <br />Attachment <br />THOMAS L. BODNAR <br />,JEFFREY M. JANKOWSKI <br />ohn E. roden <br />City Attorney <br />BRIAN W. STEINKE <br />ROBERT C. ROSENFELD <br />1VIICHELLE L. ENGEL <br />ANN-CAROL NASH <br />