09-10-12 Council Agenda & Packet

Home Browse Search

r South Bend Public Transportation Corporation Via Hand Delivery August 31, 2012 Mr. Derek D. Dieter President-City of South Bend Common Council County-City Building- Room 4005 South Bend, IN 46601 Dear President Dieter: Enclosed are two (2) copies of the South Bend Public Transportation Corporation's ("Transpo's") 2013 Operating and Capital Budget. Due to a recent enactment of Indiana law,Transpo is required to submit its proposed budget and tax levy to the City of South Bend Common Council (the "Council") for adoption by the Council. Specifically, Indiana Code § 6-1.1-17-20 requires that Transpo, as a political subdivision governed by a majority of unelected officials, submit its proposed budget and property tax levy to the Council for adoption. Pursuant to I.C. § 6-1.1-17-20(e), the Council should review Transpo's budget and proposed tax levy and adopt a final budget and tax levy for Transpo. I.C. § 6-1.1-17-3 sets forth the publication requirements relating to the Council's adoption of Transpo's budget and levy. Pursuant to this code section, the first publication of Transpo's budget must occur by September 13, 2012 and the second publication must be made by September 20, 2012. Transpo's Board of Directors will vote to approve the budget and levy after it is formally adopted by the Council. Transpo's Board of Directors will vote to approve the budget and levy at Transpo's regularly scheduled monthly Board meeting on October 22, 2012. On behalf of Transpo's Board of Directors, the Council's assistance in this budget process is greatly appreciated. As l have expressed to the City of South Bend's Controller, l am willing to assist in this process in any manner whatsoever. Please contact me if you would like to discuss any aspect of the adoption of Transpo's budget. Sincere! , f Christopher Kubaszak ris.;;, Controller, South Bend Public Transportation Corporation g t LIZ (574)232-9901 •FAX(574)239-2309.1401 S.Lafayette Blvd.•P.O.Box 1437-South Bend,IN 46624