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South Bend Redevelopment Commission <br />Regular Meeting - February 4, 2000 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />Mrs. Kolata stated that Resolution <br />No. 1735 sets the South Bend Central <br />Development Area Building <br />Operations Budget. <br />She stated that this is a new fund <br />which will be used to track income <br />coming in from the Wayne Garage, <br />both the parking area and retail space, <br />the Palais Royale retail space and to <br />pay the expenses of those operations. <br />Mrs. Kolata stated that the building <br />operations of those facilities were <br />previously included in the Tax <br />Incremental Financing fund, and that <br />Cathy Roemer, Controller, felt that it <br />would be better to set up the South <br />Bend Central Development Area <br />Building Operations as its own fund. <br />This would make it clearer as to what <br />income and expenses are for these <br />operations. <br />She also stated that the primary <br />income of the facilities noted above <br />comes from the parking garage. Mrs. <br />Kolata also stated that approximately <br />$3,400 needs to be transferred from <br />Fund 420, which is the South Bend <br />Central Development Area fund, into <br />the Building Operations Fund in order <br />to balance it. This Fund must balance <br />by the end of the year 2000. <br />Mr. Hunt opened the Public Hearing <br />regarding Resolution No. 1735 for <br />anyone who wished to speak. There <br />was no one who wished to speak <br />regarding Resolution No. 1735. Mr. <br />Hunt closed the Public Hearing for <br />whatever action the Commission <br />wished to take. <br />-3- <br />