No. 2524 determining to transfer monies among various accounts within fund 619 for purpose of defraying the expenses of certain local public improvements for 1/1/08 to 12/31/08 including all outstanding claims & obligations

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• • SUBSTITUTE RESOLUTION NO. 2524 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING TO TRANSFER MONIES AMONG VARIOUS ACCOUNTS WITHIN FUND 619 FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2008 AND ENDING DECEMBER 31, 2008 INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local public improvements which, during calendar year 2008, realize revenues and incur expenses in connection with the operation and maintenance of the same; and WHEREAS, the South Bend Redevelopment Commission has determined that it is necessary to transfer monies among certain accounts within Fund 619 in order to defray the expenses of those local public improvements. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The sum of $53,414 is hereby transferred among accounts within Fund 619 as set forth hereinafter, which is hereby approved and incorporated by reference with respect to the following distributions: Reduce the following: Amount Cost of Sales - Golf Shop 1,130 Operating Expenses — Course Maintenance 52.284 Total 53,414 Increase the following: Amount Cost of Sales - Food & Beverage 11,720 Operating Expenses - Golf Operations/Pro Shop 8,656 Operating Expenses - Food & Beverage 5,371 Operating Expenses - Administration & Management 27.667 Total 53,414 2. For the fiscal year ending December 31, 2008, the above referenced transfers are made within the Blackthorn Golf Course Fund. 3. This resolution shall be in full force and effect from and after its adoption by the South Bend Redevelopment Commission.