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BILL NO. �3i <br /> ORDINANCE NO. S 1 114-10 <br /> AN ORDINANCE TRANSFERRING $30, 000 <br /> AMONG VARIOUS ACCOUNTS WITHIN THE <br /> DEPARTMENT OF ECONOMIC DEVELOPMENT <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to assure the efficient and timely utilization of <br /> Community Development Block Grant Funds and that the immediate <br /> needs of specific activities are met, transfers among accounts are <br /> necessary. <br /> NOW THEREFORE, BE IT ORDAINED by the Common Council of the <br /> City of South Bend, Indiana as follows: <br /> SECTION I. The sum of $30, 000 is hereby transferred among <br /> accounts as set forth below. <br /> Reduce the following accounts: <br /> Project No. Description Amount <br /> CD90-101A FHA Lender Certification $30, 000 <br /> TOTAL $30, 000 <br /> Increase the following accounts: <br /> Project No. Description Amount <br /> CD90-102B Emergency Repair $30,000 <br /> TOTAL $30, 000 <br /> SECTION II. No costs will be incurred or funds expended for <br /> any of the activities in this ordinance prior to an official <br /> release of funds received from the United States Department of <br /> Housing and Urban Development as may be required. <br /> SECTION III. This ordinance shall be in full force and effect <br /> from and after its passage by the Common Council and approval by <br /> the Mayor. <br /> Membe" of the C- on Cou. "-i <br /> el:ordn30 <br />