My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
01-09-12 Council Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2012
>
01-09-12 Council Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/5/2012 1:29:32 PM
Creation date
1/5/2012 1:24:12 PM
Metadata
Fields
Template:
City Council - City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
109
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
ORDINANCE NO. <br /> AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br /> INDIANA, TO CREATE THE CITY OF SOUTH BEND CERTIFIED TECHNOLOGY <br /> PARK FUND (#439) <br /> STATEMENT OF PURPOSE AND INTENT <br /> Effective January 1, 2009, the City of South Bend, Indiana and the City of South Bend <br /> Redevelopment Commission entered into a Certified Technology Park Agreement with the <br /> Indiana Economic Development Corporation. Each redevelopment commission with a certified <br /> technology park is required by IC 36-7-32-23 to establish a separate certified technology park <br /> fund ("CTP Fund") to receive property tax proceeds, state gross retail and use taxes, and other <br /> revenue. Money deposited in the CTP Fund may be used for the acquisition, improvement, <br /> construction and maintenance of public facilities, debt service and other permitted uses under IC <br /> 36-7-32-23 in connection with a certified technology park. <br /> To accomplish this, it is in the best interests of the City of South Bend to establish a City <br /> of South Bend Certified Technology Park Fund (#439). Fund 439 will be a capital project fund <br /> for financial reporting purposes and will earn interest on outstanding cash balances. Fund 439 <br /> will be subject to annual appropriation by the City of South Bend Redevelopment Commission. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY <br /> OF SOUTH BEND, INDIANA as follows: <br /> SECTION 1 , A City of South Bend Certified Technology Park Fund (#439) is created as <br /> the repository of eligible revenue and will be used to pay for eligible expenditures of the certified <br /> -technology park. The fund shall be non-reverting and shall be operated in accordance with all <br /> legal requirements. The fund shall earn interest on outstanding cash balances and shall be subject <br /> to annual appropriation by the City of South Bend Redevelopment Commission. <br /> SECTION II. This ordinance shall be in full force and effect from and after its passage <br /> by the Common Council and approval by the Mayor. <br /> Member, South Bend Common ouncil <br /> Attest: <br /> City Clerk s F <br /> ni- <br /> '..P Bi: Fr:i Abf <br />
The URL can be used to link to this page
Your browser does not support the video tag.