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BILL NO. <br /> ORDINANCE NO. 775,; - ` <br /> AN ORDINANCE TRANSFERRING $40,000.00 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 $40,000.00 is hereby transferred among accounts as <br /> set forth below: <br /> Reduce the following accounts: <br /> Project No. Description Amount <br /> CD85-104 Code Enforcement Rehab Fund $ 15,000.00 <br /> CD 85 Unspecified Local Option 25,000.00 <br /> TOTAL $ 40,000.00 <br /> Increase the following accounts: <br /> Project No. Description Amount <br /> CD85-202 Demolition $ 25,000.00 <br /> CD85-304 Northeast Center Rehab $ 15,000.00 <br /> TOTAL $ 40,000.00 <br /> SECTION II. This ordinance shall be in full force and effect from and <br /> after its passage by the Common Council and approved by the Mayor. <br /> ' Le Al -- -Liee---Y-----/e__■- <br /> `ember of the Comm? uncil <br />