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Closing Railroad Relocation & Reconstruction Fund Transferring $85,337.42 General Fund
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Closing Railroad Relocation & Reconstruction Fund Transferring $85,337.42 General Fund
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1/14/2013 2:48:26 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/10/1986
Ord-Res Number
7704-86
Bill Number
115-86
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• <br /> BILL NO. <br /> ORDINANCE NO. 77/95/-g'4 <br /> AN ORDINANCE CLOSING THE RAILROAD RELOCATION AND <br /> RECONSTRUCTION FUND AND TRANSFERRING THE UNUSED <br /> AND UNENCUMBERED BALANCE OF $85,337.42 TO THE <br /> GENERAL FUND OF THE CITY OF SOUTH BEND AND APPRO- <br /> PRIATING SAID FUNDS TO ACCOUNT 399.0, OTHER CON- <br /> TRACTUALS, TO BE ADMINISTERED BY THE DEPARTMENT <br /> OF ADMINISTRATION AND FINANCE. <br /> STATEMENT OF PURPOSE AND INTENT: <br /> A Railroad Relocation and Reconstruction Fund was created by <br /> Ordinance No. 7108-82 in order to pay the City's portion of the <br /> total cost of grade separation improvement pursuant to I.C. 8-6-2.1 <br /> and tax monies remaining in the then existing Track Elevation Fund <br /> were transferred into the newly created fund. The purposes for <br /> which the Railroad Relocation and Reconstruction Fund was created <br /> have been fulfilled and the Council now desires to close said fund <br /> and to transfer the unused and unencumbered balance of said tax <br /> monies to the General Fund of the City of South Bend, pursuant to <br /> its authority under I.C. 36-1-8-5 and to appropriate same for <br /> improvements, equipment and for the payment of such other fees and <br /> expenses attributable to the operation of a professional baseball <br /> team at the Stanley Coveleski Regional Stadium. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF <br /> SOUTH BEND, INDIANA AS FOLLOWS: <br /> SECTION I. That the sum of $85,337.42, being the amount of tax <br /> monies remaining in the Railroad Relocation and Reconstruction <br /> Fund, is hereby transferred from said fund to the General Fund of <br /> the City of South Bend, Indiana. <br /> SECTION II. That the Railroad Relocation and Reconstruction Fund <br /> created by Ordinance No. 7108-82 be closed and that Section 2-164 <br /> of the Municipal Code of South Bend, Indiana, entitled Railroad <br /> Relocation and Reconstruction Fund be deleted in its entirety. <br /> SECTION III. That the sum of $85,337.42 is hereby appropriated for <br /> the year 1986 from the General Fund and shall be administered by <br /> the Department of Administration and Finance and distributed as set <br /> forth below: <br /> 0399. 0 Other Contractuals $85,337.42 <br /> SECTION IV. This Ordinance shall be in full force and effect from <br /> and after its passage by the Common Council and approval by the <br /> Mayor. <br /> Mem•er of the il o Council <br />
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