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South Bend Redevelopment Commission <br />Regular Meeting - November 21, 1997 <br />6. NEW BUSINESS (CONT.) <br />1. continued.... <br />Mrs. Kolata stated that this is the budget <br />for the Blackthorn Golf Course for 1998. <br />This Resolution sets a public hearing on <br />the appropriation for Friday, December 19, <br />1997 at 10:00 a.m. and authorizes the <br />Director to publish a Notice of Public <br />Hearing. The budget for 1998 is proposed <br />to have total income of $1,448,683. The <br />operating expenses total $1,056,929, <br />leaving $391,754 as operating income. <br />There will be $381,000 for debt service <br />with a net operating income of $10,754. <br />Upon a motion by Ms. Auburn, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission adopted Resolution <br />No. 1555 determining to appropriate <br />monies for the purpose of defraying the <br />expenses of certain local public <br />improvements for the fiscal year beginning <br />January 1, 1998, and ending December 31, <br />1998, including all outstanding claims and <br />obligations, fixing a time when the same <br />shall take effect. <br />m. Commission approval requested for <br />Resolution No. 1556 accepting the <br />transfer of real property from the South <br />Bend Redevelopment Authority. <br />Mrs. Kolata stated that this is a Resolution <br />to accept from the Redevelopment <br />Authority 10 acres of land in the <br />Blackthorn Corporate Park. <br />H :\HOME\ \CPHIPPS \WPDATA \COMMSMI 12197.MIN -42- <br />COMMISSION ADOPTED RESOLUTION NO. 1555 <br />DETERMINING TO APPROPRIATE MONIES FOR THE <br />PURPOSE OF DEFRAYING THE EXPENSES OF <br />CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE <br />FISCAL YEAR BEGINNING JANUARY 1, 1998, AND <br />ENDING DECEMBER 31, 1998, INCLUDING ALL <br />OUTSTANDING CLAIMS AND OBLIGATIONS, <br />FIXING A TIME WHEN THE SAME SHALL TAKE <br />EFFECT <br />