10579-18 Amending Ordinance No. 10499-17 and 10529-17

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Bill No.11-18 ORDINANCE NO. 10579-18 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,AMENDING ORDINANCE NO. 10499-17 AND ORDINANCE NO. 10529-17 RELATING TO THE APPROPRIATIONS AND TAX RATES FOR THE YEAR BEGINNING JANUARY 1,2018 AND ENDING DECEMBER 31,2018 TO CORRECT A SCRIVENER'S ERROR STATEMENT OF PURPOSE AND INTENT This Common Council previously adopted Ordinance No. 10499-17 on October 23,2017 ("Ordinance No. 10499-17")providing for the appropriation of monies to defray the expenses of several Departments of the Civil City of South Bend, Indiana(the "City")for 2018 and Ordinance No. 10529-17 on October 23, 2017 ("Ordinance No. 10529-17" and collectively with Ordinance No. 10499-17, the "Ordinances"),providing for the levy of taxes and the fixing of the rates of taxation to meet necessary expenses of 2018. The Ordinances provided for an appropriation and a tax rate for the payment of debt service of certain Park District Bonds issued by the City in 2017 (the"Park Bonds")by the continuation of a South Bend Redevelopment District(the "Redevelopment District") levy which was a scrivener's error . Following discussions with the Department of Local Government Finance, the Controller of the City (the "Controller")recommends to this Common Council that the Ordinances be amended to provide that the tax levy and tax rate necessary to provide for the payment of the debt service on the Park Bonds be moved to the Parks Bond Debt Service Fund (No. 312)thus correspondingly reducing the Redevelopment Bond tax levy and tax rate for the Hall of Fame Debt Service Fund (No. 313). As a result, this Common Council desires to amend the Ordinances to provide that the debt service on the Park Bonds will be paid by a tax levy, a tax rate, and an appropriation with respect to the Parks Bond Debt Service Fund(No. 312) and to provide for a corresponding reduction in the tax levy, the tax rate and the appropriation for the Hall of Fame Debt Service Fund (No. 313). NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,AS FOLLOWS: SECTION I. Section II of Ordinance No. 10499-17 is hereby amended to add the Parks Bond Debt Service Fund (No. 312),to read as follows: SECTION II. For the fiscal year ending December 31, 2018,there is hereby appropriated out of the General Fund Number 101 and from Funds other than the General Fund, of said City to wit: (201) Park and Recreation Fund (202) Motor Vehicle Highway Fund 1