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BILL NO. <br />AN ORDINANCE TRANSFERRING $850,000.00 AMONG VARIOUS <br />ACCOUNTS, ALL ACCOUNTS BEING WITHIN THE DIVISION OF <br />COMMUNITY DEVELOPMENT. <br />STATEMENT OF PURPOSE AND INTENT: <br />On or about November 15, 1983, the City of South Bend through <br />the Division of Community Development will submit its 1984 Application to the <br />Department of Housing and Urban Development. Part of the 1984 Application <br />includes the anticipated reprogramming of funds from previous program years of <br />Community Development Block Grant Funding. The activities from program years <br />1981, 1982, and 1983 have been completed or will have funding reprogrammed to <br />the current program year in order to efficiently utilize the funds. The plan <br />for projected funding levels of program year 1984 activities makes it necessary <br />to transfer funds among various accounts. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The sum of $850,000.00 is hereby transferred for <br />the program year commencing January 1, 1984, to be approved by the United States <br />Department of Housing and Urban Development, and as set forth below: <br />Reduce the following accounts: <br />Purpose Project No. Amount <br />Community Development <br />Mgt. & Planning <br />CD81 -1101 <br />$ 3,214 <br />Mortgage Subsidy Fund <br />CD81 -116 <br />92,100 <br />General Street Improvements <br />CD81 -301 <br />486 <br />Commercial Revolving <br />Loan Fund <br />CD81 -603 <br />10,674 <br />Code Enforcement <br />Mgt. & Inspection <br />CD82 -201 <br />386 <br />Rehabilitation Loan Program <br />CD82 -101 <br />652 <br />Monroe Sample Development <br />Housing Programs <br />CD82 -105 <br />3,741 <br />Code Enforcement Rehab Fund <br />CD82 -203 <br />3,280 <br />Demolition <br />CD82 -202 <br />465 <br />Housing Rehabilitation Fund <br />CD83 -102 <br />175,000 <br />Rental Rehabilitation <br />CD83 -103 <br />150,817 <br />Code Enforcement <br />Rehab Fund <br />CD83 -105 <br />40,000 <br />Central Business District <br />Development <br />CD83 -607 <br />66,118 <br />1983 Unspecified Local <br />Option Fund <br />300,000 <br />Section 108 Loan Repayment <br />3,067 <br />TOTAL REDUCTIONS $850,000 <br />