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140U COUNTY-CITY BUILDING <br />227 ~ JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/ 235-9241 <br />FAx 574/235-9892 <br />TDD 574/ 235-5567 <br />CITY OF SOU'T'H BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF I.AW <br />CHARLES S. LEONE <br />CITYATroRNEY May 4, 2005 <br />Ms. Charlotte Pfeifer <br />President, South Bend Common Council <br />4`'' Floor, County-City Building <br />South Bend, IN 46601 <br />ALADEAN M. DERosE <br />CHIEF ASSISTANT CITYATTORNEY <br />Re: Ordinance to Create a Property Tax Levy Excess Fund (#103) <br />Dear Ms. Pfeifer: <br />The City Controller has recently been informed that the City of South Bend received funds <br />in excess of its ad valorem property tax levy in 2004. Under these circumstances, Indiana law <br />prescribes that the excess monies be deposited into a special Levy Excess Fund. Because the City <br />of South Bend does not have such a fund within its accounts, the attached Ordinance creates the <br />requisite fund. <br />City Controller, M. Catherine Fanello, will present this Ordinance to the Common Council <br />at its appropriate committee meeting and at the public hearing portion of the regular Council <br />meeting. <br />Thank you for your consideration. <br />Sincerely, <br />Aladean M. DeRose <br />Chief Assistant City Attorney <br />AMD/cw <br />THOMAS L. BODNAR CHERYL A. GREENE ANN-CAROL HASH <br />JEFFREY M. JANKOWSKI JOHN R. LMNGSTON JEFFREY L. SANFORD JOHN E. BRODEN <br />