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South Bend Redevelopment Commission <br />Regular Meeting — February 20, 2004 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearings <br />(5) continued... <br />December 31, 2004, including all <br />outstanding claims and obligations, <br />fixing a time when the same shall take <br />effect. (Blackthorn Golf Course) <br />Mr. Inks advised that the Public Hearing <br />file is complete and requested the following <br />items be entered into the record: <br />(1) Affidavits from the Tri County News <br />and South Bend Tribune that the Notice of <br />Public Hearing was published in those <br />newspapers on February 6, 2004; (2) Copy <br />of the Notice of Hearing; and (3) Copy of <br />%� Resolution No. 2041. <br />Mr. Inks reported that Resolution No. 2041 <br />appropriates monies for the expenses of the <br />Blackthorn Golf Course and its various <br />divisions for the fiscal year 2004. Attached <br />to Resolution No. 2041 is a copy of the <br />golf course budget. <br />Mr. Inks noted budget changes from prior <br />years as follows: The 2004 operating <br />revenue budget includes a transfer of funds <br />from TIF to assist with covering the debt <br />service payments on outstanding bonds <br />related to the golf course in the amount of <br />$200,000. In addition, Capital Purchases in <br />the amount of $53,000, which were <br />previously included in the TIF budget, are <br />now partially included in the golf course <br />operating expenses budget. The balance of <br />the Capital Purchases, those eligible to be <br />paid from TIF funds in the approximate <br />amount of $40,000, are included in the <br />regular TIF budget. <br />7 <br />