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ORDINANCE NO. 3/d S)'go <br /> AN ORDINANCE OF THE SOUTH BEND COMMON <br /> COUNCIL APPROPRIATING FUNDS FROM THE <br /> CUMULATIVE CAPITAL IMPROVEMENT FUND <br /> STATEMENT OF PURPOSE AND INTENT <br /> The Common Council of the City of South Bend and Board of Public <br /> Works of the City of South Bend, having expressed their interest in <br /> acquiring the property of 1045 W. Sample Street, South Bend, Indiana, <br /> for use, after modification, as a centralized vehicle maintenance <br /> facility, and appraisals of said real property having been made and <br /> filed with the Board of Public Works and the Common Council, and an <br /> offer to purchase said real property for $580,000 having been <br /> executed by the Board of Public Works at its August 27, 1990 meeting <br /> and approved by the Common Council at its September 10, 1990 meeting, <br /> and the Common Council of the City of South Bend, Indiana having <br /> transferred to the City' s Cumulative Capital Improvement Fund, the <br /> monies necessary to fund such purchase, and all statutory <br /> requirements having been satisfied, the Common Council of the City of <br /> South Bend hereby determines it is in the best interest of the City <br /> that funds necessary to purchase said real property be appropriated <br /> from the Cumulative Capital Improvement Fund. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY <br /> OF SOUTH BEND, INDIANA, AS FOLLOWS: <br /> Section I . The amount of $580,000.00 shall be and hereby is <br /> appropriated in 1990 and ordered set apart out of the indicated <br /> account within the Cumulative Capital Improvement Fund (CCIF) , for <br /> the indicated cost of purchasing the real property at 1045 W. Sample <br /> Street, pursuant to the "Agreement to Purchase" executed by the Board <br /> of Public Works of the City of South Bend on August 27, 1990, and <br /> approved by the Common Council at its September 10, 1990 meeting: <br /> Fund Account Amount <br /> 407 04412.00 - Real Estate Purchases $580,000.00 <br /> Total Expenses $580,000.00 <br /> Section II. This ordinance shall be in full force and effect from <br /> and after its approval by the Common Council and approval by the <br /> Mayor. <br /> Member, South Comm Council <br /> Filed in Clerk's Office <br /> 1st READING Q-'1 o-q <br /> PUBLIC HEARING Q-aq-cio 7 5 <br /> 3rd READING Q' y`qo <br /> NOT APPROVED <br /> REFERRED <br /> c.c.Frl 6,_lo nn . <br /> ' , <br />