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<br /> RESOLUTION N0. LI G 6 -
<br /> A RESOLUTION AUTHORIZING TIIE TE:a4'iTORIARY TRANSFER
<br /> OF IDLE FUNDS OF TIIE CI'T'Y OF SOUTH BEND, INDIANA,
<br /> FROM THE CU:IULATIVE SEWER BUILDING AND SINKING,
<br /> CU:;U .,kTIVE CAPITAL IMPROVE:u:Yr, LOCAL ROADS AND
<br /> STREETS, AND FEDEP%AL ASSISTANCE GRANT FUNDS, TO
<br /> T:::: COa"20RATION GENERAL, '%R-K KNINTLENANCE, POLICE
<br /> P'NSION, FIrE`L':N PI:NSIC)-, :DEVELOP: IvT, MOTOR
<br /> V::I:iC:.E IiIGIiWAY, IIUn N R::'•ATIONS .'.ND FAIR EMPLOY-
<br /> "':\T PRACTICES Co\z1ISSION FUNDS, ALL FUNDS BEING
<br /> WITHIN THE CIVIL Ci:Y OF SOUTH BZN-D, INDIANA.
<br /> WHEREAS, a necessity exists to provide funds for the Corporation
<br /> General, Park Maintenance, Police Pension, Firemen Pension, Redevelopment,
<br /> Motor Vehicle Highway, Human Relations and :air Employment Practices Commission
<br /> Funds prior to the receipt of taxes in the year 1974, in order to meet the
<br /> current operating expenses of the City, provided for in the budget and appropriations
<br /> adopted for the year 1974, which expenses must be met prior to the receipt of taxes
<br /> in the year 1974, and
<br /> WHEREAS, there are money on deposit to the credit of various funds
<br /> o: the City, to-wit: Cumulative Sewer Building and Sinking, Cumulative Capital
<br /> 1::?rovement, Local Roads and Streets, and Federal Assistance Grant Funds which
<br /> can be temporarily advanced or transferred to the various funds already mentioned,
<br /> a.nd
<br /> WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana General
<br /> :.ssem5ly authorized the Con-c-non Council of tl:e Civil City of South Bend, by
<br /> resolution adopted by such Council, to advance and transfer to a depleted fund
<br /> f_om any other such fund, such amount and for such period of time as may be prescribed
<br /> in the resolution,
<br /> NOW, THEREFORE, BE 1T RESOLVED by the Common Council of the City
<br /> of South Bend, Indiana:
<br /> SECTION I. That the City Controller of the City of South Bend
<br /> is aut orized to transfer an aggregate amount not to exceed $ 2,875,000.00 to
<br /> various funds from various other funds as listed below. The aggregate amount
<br /> of $ 2,875,000.00 to be distributed so as not to exceed at any one time the
<br /> anounts as set forth below. Any such transfers made must be repaid by
<br /> Decen,,per 21, 1974:
<br /> From: Maximums To: Maximum,
<br /> Cum lative Sewer Building Corporation General - - - - $1,575,000.00
<br /> and Sinking Fund - - - - - $1,500,000.00
<br /> Cumulative Capital Park Maintenance Fund - - - 500,000.00
<br /> _z,.)rova=eat :and - - - - - 125,000.00
<br /> :.oval Roads and Streets Police Pension Fund - - - 250,000.0''
<br /> ;.:.d - - - - - - - - - - - 500,000.00
<br /> Feccral Assistance Grant Firemen Pension Fund - - - 250,000.G
<br /> :i:nd - - - - - - - - - - - 750,000.00
<br /> Redevelopment Fund - - - 25,000.00
<br /> $2,875,000.00 Motor Vehicle Highway
<br /> Fund - - - - - - - - - - - 250,000.00
<br /> „ J 1g74 Human Relations and Fair
<br /> "'" � Employment Practices Comm.Fund 25,000.00
<br /> ~. Gammon
<br /> �i b1.0
<br /> C;;y CLERK, SOUTH BEND, IND. $2,875,000.00
<br /> SECTION II. Such transfer shall be made for a period not to
<br /> extend beyond December 31, 1974, and such funds so transferred shall be returned and
<br /> repaid to the original duns from which it was transfe�.
<br /> NO-, A?rROVED Member f the ommon Council
<br /> MDGrTED
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