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Transferring $150,000 Among Various Accounts within Community Developement
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Transferring $150,000 Among Various Accounts within Community Developement
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Last modified
1/14/2013 2:27:01 PM
Creation date
1/14/2013 2:27:00 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/27/1986
Ord-Res Number
7699-86
Bill Number
110-86
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BILL NO. <br /> ORDINANCE NO. 76.?-74 <br /> AN ORDINANCE TRANSFERRING $150, 000 .00 <br /> AMONG VARIOUS ACCOUNTS WITHIN THE <br /> DIVISION OF COMMUNITY DEVELOPMENT <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to assure the efficient and timely utilization <br /> of 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, BUT IT ORDAINED BY Common Council of the <br /> City of South Bend, Indiana, as follows: <br /> Section I. The sum of $150, 000 . 00 is hereby transferred <br /> among accounts as set forth below. <br /> Reduce the following accounts: <br /> Project No. Description Amount <br /> CD85-301 . 4 Monroe Park Improvements $ 50, 000 <br /> CD85-402 . 1 Fredrickson Park 50, 000 <br /> CD85-1101 Indirect Cost 37, 000 <br /> CD86-601 Redevelopment Administration 13 , 000 <br /> Total $150, 000 <br /> Increase the following accounts: <br /> Project No. Description Amount <br /> CD87-102 Housing Rehabilitation Fund $ 50, 000 <br /> CD87-106 . 4 Monroe Park Housing 50, 000 <br /> CD87-402 Fredrickson Park 50, 000 <br /> Total $150, 000 <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 /> effect from and after its passage by the Common Council and approved <br /> by the Mayor. <br />
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