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RESOLUTION NO. -1-16
<br /> A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
<br /> OF IDLE FUNDS OF THE CITY OF SOUTH BEND, INDIANA,
<br /> FROM THE CUMULATIVE SEWER BUILDING AND SINKING,
<br /> CUMULATIVE CAPITAL IMPROVEMENT, LOCAL ROADS AND
<br /> STREETS, AND FEDERAL ASSISTANCE GRANT FUNDS, TO
<br /> THE CORPORATION GENERAL, PARK MAINTENANCE, POLICE
<br /> PENSION, FIREMEN PENSION, REDEVELOPMENT, MOTOR
<br /> VEHICLE HIGHWAY, HUMAN RELATIONS AND FAIR EMPLOY-
<br /> MENT PRACTICES COMMISSION FUNDS, ALL FUNDS BEING
<br /> WITHIN THE CIVIL CITY OF SOUTH BEND, 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 Fair 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 /> of the City, to-wit: Cumulative Sewer Building and Sinking, Cumulative Capital
<br /> Improvement, Local Roads and Streets, and Federal Assistance Grant Funds which
<br /> can be temporarily advanced or transferred to the various funds already mentioned,
<br /> and
<br /> WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana General
<br /> Assembly authorized the Common Council of the Civil City of South Bend, by
<br /> Resolution adopted by such Council, to advance and transfer to a depleted fund
<br /> from any other such fund, such amount and for such period of time as may be prescribed
<br /> in the Resolution,
<br /> NOW, THEREFORE, BE IT 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 authorized 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 /> maximum amounts as set forth below. Any such transfers made must be repaid by
<br /> December 21, 1974:
<br /> From: Maximum To: Maximum
<br /> Cumulative 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 /> Improvement Fund - - - - - 125,000.00
<br /> Local Roads and Streets Police Pension Fund - - - 250,000.00
<br /> Fund - - - - - - - - - - - 500,000.00
<br /> Federal Assistance Grant Firemen Pension Fund - - - 250,000.00
<br /> Fund - - - - - - - - - - - 750,000.00
<br /> Redevelopment Fund - - - 25,000.00
<br /> FILED IN CLERIC'S OFFICE $23875,000.00 Motor Vehicle Highway
<br /> Fund - - - - - - - - - - - 2503000.00
<br /> 1974 Human Relations and Fair
<br /> Employment Practices Comm.Fund 25,000.00
<br /> Irene Gammon -
<br /> CITY CLERK, SOUTH BEND, IND, $2,8753000.00
<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 /> PRESENTED
<br /> NOT APPROVED Member f the-Common Council
<br /> ADOPTED
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