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BILL NO. <br /> ORDINANCE NO. 7 jL, 7_E <br /> AN ORDINANCE TRANSFERRING $510,314.00 AMONG <br /> VARIOUS ACCOUNTS WITHIN THE DIVISION <br /> OF COMMUNITY DEVELOPMENT <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to assure the efficient and timely utilization of Community <br /> Development Block Grant funds, and that the immediate needs of specific activities <br /> are met, transfers among accounts are necessary. <br /> NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br /> Bend, Indiana: <br /> SECTION I. The sum of $510,314.00 is hereby transferred among accounts as <br /> set forth below: <br /> Reduce the following accounts: <br /> Project No. Description Amount <br /> CD86-1100 Community Development Mgt./ $ 20,000.00 <br /> Inspection <br /> CD86-106.3 South Bend Heritage Foundation 65,000.00 <br /> CD85-106.3 South Bend Heritage Foundation 50,000.00 <br /> CD85-606 Rum Village Industrial Park 15,000.00 <br /> Development <br /> CD86 Program Income 15,000.00 <br /> CD86-102 Housing Rehabilitation Fund 249,896.00 <br /> CD84-605 Western Ave. Commercial Loan 95,418.00 <br /> TOTAL $ 510,314.00 <br /> Increase the following accounts: <br /> Project No. Description Amount <br /> CD86-101 Bureau of Housing Mgt. $ 20,000.00 <br /> and Inspection <br /> CD86-106.4 Monroe Park Housing 65,000.00 <br /> CD85-602 Near West Side Commercial Loan 50,000.00 <br /> CD85-609 Studebaker Corridor/Rum Village 15,000.00 <br /> Development <br /> CD86-106.2 Neighborhood Housing Services 15,000.00 <br /> CD85-102 Housing Rehabilitation Fund 249,896.00 <br /> CD86-603 Commercial Strips 95,418.00 <br /> TOTAL $ 510,314.00 <br /> SECTION II. No costs will be incurred or funds PxnPnrdPrd fnr anv of *H <br />