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9966-09Amending Chapter 2, Article 14, to create a sewage works debt service reserve fund (#653)
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9966-09Amending Chapter 2, Article 14, to create a sewage works debt service reserve fund (#653)
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Last modified
12/3/2009 11:51:27 AM
Creation date
11/17/2009 1:28:59 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/28/2009
Ord-Res Number
9966-09
Bill Number
76-09
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Fund # Description <br />641 Sewage Works Operation <br />642 Sewage Works Depreciation <br />643 Sewage Works Operations & <br />Maintenance Reserve <br />650 Clay Sewage <br />Total <br />Amount Transferred <br />$2,355,000.00 <br />$673,000.00 <br />$427,000.00 <br />$1,086,322.00 <br />$4,541,322.00 <br />SECTION III. The sum of $4,541,322.00 is appropriated within Sewage Works Debt <br />Service Reserve Fund #653 to satisfy the City's sewage works bond debt service reserve <br />obligation through 2009 and a portion of 2010. <br />SECTION IV. Clay Sewage Fund #650 is hereby closed because Clay Utilities is part of <br />the City of South Bend Sewage Utility and a separate fund is no longer needed. <br />SECTION V. This ordinance shall be in full force and effect from and after its passage <br />by the Common Council and approval by the Mayor. <br />i r <br />ember, South Bend Common Council <br />Att <br />ity erk <br />Presented by me to the Mayor of the City of South Bend, Indiana on the Zg'~ day of <br />~, 20~ , at 3'~ o'clock~.m. ` <br />Q -~. <br />City%~ lerkl ~~ <br />Approved and signed by me on the ~o n day of f , 2 ~$ , <br />at _~D .o'clock, ~.m. <br />1st READING -` _ t ~'~~ <br />PUaLIC HEARING ~-t-~-J~ <br />3 rd READING ~_Zā~-t7~, <br />NOT APPROVED <br />REFERRED <br />PASSES ~-2-~' pct <br />Mayor, City of S <br />Il , VIII ~I d r ~,~ ā~ ~'~ <br />try ~~.~~ ~a 'O~~l~® <br />S EP - J 2009 <br />Jvi1F;1'OO,~DS <br />GETY CL~nK, 59. BIND, ltl. <br />
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