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ORDINANCE NO. <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND <br />PUBLIC TRANSPORTATION CORPORATION'S 2017 BUDGET AND LEVYING THE <br />TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF <br />RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION <br />CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING <br />DECEMBER 31, 2017 <br />Pursuant to Indiana law, the South Bend Public Transportation Corporation is required to submit <br />its proposed budget and tax levy to the Common Council of the City of South Bend for adoption. <br />Specifically, Indiana Code § 6- 1.1 -17 -20 requires that the South Bend Public Transportation <br />Corporation, as apolitical subdivision governed by a majority of unelected officials, submit its <br />proposed budget and property tax levy to the Common Council of the City of South Bend. <br />Pursuant to Indiana Code § 6- 1.1- 17- 20(e), the Common Council of the City of South Bend is <br />required to review the South Bend Public Transportation Corporation's budget and proposed tax <br />levy and adopt a final budget and tax levy for the South Bend Public Transportation Corporation. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA, as follows: <br />SECTION 1. The South Bend Public Transportation Corporation's budget for the year ending <br />December 31, 2017 in the sum of $13,407,761.00, as shown on Budget Form 4 -A, is <br />appropriated, adopted, approved and ordered set apart out of the several funds herein named and <br />for the purposes herein specified, subject to the laws governing the same. Such sums herein <br />appropriated shall be held to include all expenditures authorized to be made during the year, <br />unless otherwise expressly stipulated and provided for by law. In addition, for the purpose of <br />raising revenue to meet the necessary expenses of the South Bend Public Transportation <br />Corporation, a total property tax levy of $4,308,716.00 and a total tax rate of 0.1359 as shown on <br />Budget Form 4 -13 are also appropriated, approved and adopted. <br />SECTION 2. This Ordinance shall be in full force and effect from and after its passage by the <br />Common Council of the City of South Bend and approval by the Mayor. <br />Member, South Bend Common Council <br />Attest: <br />City Clerk <br />