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BILL NO. <br /> ORDINANCE NO.7 -3�4: - <br /> AN ORDINANCE TRANSFERRING $310,000 AMONG ACCOUNTS <br /> WITHIN THE DIVISION OF COMMUNITY DEVELOPMENT <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to assure the efficient and timely utilization of Community Development <br /> Block Grant Funds transfers among accounts are necessary. <br /> NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, <br /> Indiana: <br /> SECTION I. The sum of $310,000 is hereby transferred among accounts as set <br /> forth below: <br /> Reduce the following accounts: <br /> PROJECT NO. DESCRIPTIONS AMOUNT <br /> CD84-301 General Street Improvements $ 110,000 <br /> CD85-602 Project Future 30,000 <br /> 1985 Unspecified Local Option 150,000 <br /> CD84-101 Bureau of Housing Mgt. & <br /> Inspection 20,000 <br /> TOTAL REDUCTIONS $ 310,000 <br /> Increase the following accounts: <br /> PROJECT NO. DESCRIPTIONS AMOUNT <br /> CD85-301-.1 General Street Improvements $ 10,000 <br /> CD85-608 Economic Development Capital <br /> Fund - Avanti Corporation 250,000 <br /> CD85-203 Neighborhood Clean-Up Crew 30,000 <br /> CD85-609 Studebaker Corridor 20,000 <br /> TOTAL INCREASES $ 310,000 <br /> SECTION II. This ordinance shall be in full force and effect from and after its <br /> passage by the Common Council and approved by the Mayor. <br />