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BILL NO: 74' Fk <br /> ORDINANCE NO. <br /> AN ORDINANCE TRANSFERRING $373,814. 00 <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 <br /> the City of South Bend, Indiana, as follows: <br /> Section I. The sum of $373,814.00 is hereby transferred <br /> among accounts as set forth below. <br /> Reduce the following accounts: <br /> Project No. Description Amount <br /> CD87-106.4 Monroe Park Housing $ 19, 175 <br /> CD87-202 Demolition 3, 000 <br /> CD87-605 Studebaker Corridor 5 <br /> CD87-502 Day Care Subsidy 325 <br /> CD87-504 Older Adult Crime Victims 157 <br /> CD87-506 CANCO 451 <br /> CD87-509 Neighborhood Centers 271 <br /> CD87-606 NBDC Administration 5, 600 <br /> CD86-201 Code Enforcement Mgt. & Insp. 34 <br /> CD86-202 Demolition 7 <br /> CD86-302 Monroe Park Improvements 13,433 <br /> CD86-602 SBCDA Revolving Loan 90, 000 <br /> CD86-603 Commercial Strips 50, 309 <br /> CD86-605 SBCDA Activities 20, 005 <br /> CD85-106.2 NHS 1, 000 <br /> CD85-610 Coveleski Stadium 352 <br /> CD85-608 Economic Dev. Cap. Fund 150, 000 <br /> CD84-606 Economic Dev. Cap. Fund 12,995 <br /> CD84-106.3 SB Heritage Foundation 1,263 <br /> CD87 Excess Program Income 5,432 <br /> TOTAL $373,814 <br /> Increase the following accounts: <br /> Project No. Description Amount <br /> CD88-608 W. Washington Area Development $ 87,000 <br /> CD87-603 Commercial Strips 25, 000 <br /> CD88-607 SBCDA Commercial Loan 100,000 <br /> CD88-606 Econ. Dev. Capital Fund 150, 000 <br /> CD88-609 Monroe Park Development 11,814 <br /> TOTAL $373,814 <br /> SECTION II. No costs will be incurred or funds expended <br /> for 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 <br />