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Establishing- Cumulative Capital Development Fund
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Establishing- Cumulative Capital Development Fund
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Last modified
3/22/2011 4:07:55 PM
Creation date
3/22/2011 4:07:55 PM
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Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/27/1997
Ord-Res Number
8789-97
Bill Number
42-97
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45pU TH B�� <br /> O �\�11��1���I�/i O <br /> � � �/ ,A <br /> COUNTY-CITY BUILD[NG "' �\� ��i p PHONe 219/235-5887 <br /> U �� �\ ,i,. �i .. <br /> SOUTH BEND� IxD�nrrn 46601-1830 w ���E"�E/� � a Fnx 219/235-9892 <br /> �',� �� `�a� TDD 219/235-5567 <br /> 1865 <br /> CITY OF SOUTH BEND STEPHEN,J.LUECKE, MAYOR <br /> DEPART�vtENT OF ADMINISTRATION AND FINA�TCE <br /> M. CATHERINE ROEMER <br /> CITY CQNTROLLER <br /> May 7, 1997 <br /> Mr. Roland Kelly, President <br /> South Bend Common Council <br /> 4th Floor, County-City Building <br /> South Bend, IN 46601 <br /> Re: An Ordinance Establishing a Cumulative Capital <br /> Development Fund <br /> Dear President Kelly: <br /> I am attaching for filing an ordinance establishing a cumulative <br /> capital development fund and establishing an ad valorem tax levy to fund <br /> the same at the rate of $ .15 per $100 assessed valuation. <br /> State law limits to three (3) year increments the life of any such <br /> fund and levy. The City first established a cumulative capital <br /> development fund in 1985 and has since then reestablished that fund every <br /> three (3) years. Current authority for the fund terminates this year. <br /> The attached ordinance would allow for the continuation of the fund and <br /> levy for an additional three (3) years. <br /> Monies raised by this levy and deposited into this fund may be used <br /> for a variety of capital projects, including streets, sidewalks, sewers, <br /> and park improvements. <br /> Your favorable consideration is requested. <br /> Sincerely, <br /> �'l <br /> � <br /> M. Cather n oemer <br /> City Cont 1 r <br /> MCR/jl <br /> , <br /> Filed ln Ct�rl�'� ���f+c� � <br /> z <br /> �•1AY - 7 19�7 � <br /> �,.�«�.4 • <br /> L03i�T7T4a J. :9?.+ta" a <br /> CITYCL�R:C.��.,�#E'�I:: , � <br /> � <br /> CATHERINE A. HUBBARD-SHEAD JEFFREY A. RINARD ISABEL GONZALEZ RONALDA MINNIS <br /> DIRECTOR, HUMAA'RESOURCFS FINAKCE DIRECTOR DIRECTOR� SAFETY ST RISK MANAGEMENT BENEF[TS MAl\AGER <br />
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