Amend Resolution No. 406-74 Authorizing the City Controller of South Bend to make temporary transfers of idle funds

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RESOLUTION NO. A RESOLUTION TO AMEND RESOLUTION NO. 406-74 AUTHORIZING THE CITY CONTROLLER OF SOUTH BEND, INDIANA TO MAKE TEMPORARY TRANSFERS OF IDLE FUNDS. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana: SECTION I. That Section one of Resolution No. 406-74 be deleted in its entirety and the following substituted in its place: SECTION I. That the City Controller of the City of South Bend is authorized to transfer the aggregate amount of $4,995,000.00 to various funds from various other funds as listed below. The aggregate amount of $4,995,000.00 to be distributed so as not to exceed at any one time the maximum amounts as set forth below. Any such transfers made must be repaid by December 31, 1974; From: MAXIMUM To: MAXIMUM Cumulative Sewer Bldg. Corporation General and Sinking Fund $1 ,500,000.00 Fund $2,745,000.00 Cumulative Capital Park Maintenance Fund 500,000.00 Improvement Fund 125,000.00 Police Pension Fund 250,000.00 Local Roads and Street Fund 500,000.00 Firemen Pension Fund 250,000.00 Federal Assistance Redevelopment Fund 25,000.00 Grant Fund 1,750,000.00 Motor Vehicle Hwy. 250,000.00 Redevelopment District Fund Capital - 1972 Fund 500,000.00 Human Rights Commission Municipal Bonds of Fund 25,000.00 1971 Fund 220,000.00 Redevelopment Bond Fund 500,000.00 Sewage Works Construction Fund 400,000.00 General Sinking Bond Fund 450,000.00 Total: $4,995,000.00 Total: $4,995,000.00 SECTION II. This Resolution shall be in full force and effect from and after its passage by the Common Council and its approval by the Mayor. Me e of he Common Council FILED IN CLERK'S OFFICE PRESENTED NOT APPROVED MAY 2 21974 ADOPTED S-- 'p 8 Irene Gammon CITY CLERK, SOUTH BEND, IND.