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REGULAR MEETING <br />NOVEMBER 13.2000 <br />622, which can be temporarily advanced or transferred to the aforementioned fund; and <br />WHEREAS, Indiana Code 36 -1 -8 -4 authorizes the Common Council of the City of South <br />Bend, by Resolution adopted by such Council, to advance and transfer to a depleted fund from any <br />other such fund, such amount and for such a period of time as may be prescribed in the Resolution. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />Section I. The City Controller of the City of South Bend is authorized to transfer an <br />aggregate amount not to exceed $108,000.00 from the Water Works Capital Fund No. 622 to the <br />Water Works Leak Insurance Fund No. 644. Any such transfers must be repaid by December 31, <br />2001. <br />FROM MAXIMUM TO <br />Water Works Capital Fund No. 622 $108,000.00 Water Works Leak Insurance <br />Fund No. 644 <br />Section II. Such transfer shall be made for a period of time not to exceed beyond December <br />31, 2001, and any funds so transferred shall be returned and repaid to the Water Works Capital Fund <br />No. 622. <br />Section III. This Resolution shall be in full force and effect from and after its passage by the <br />Common Council and approval by the Mayor. <br />s /Charlotte Pfeifer <br />Member of the Common Council <br />Mr. John F. Stancati, Director, South Bend Water Works, 209 North Main Street, Suite 207, South <br />Bend, Indiana, made the presentation for this Resolution. <br />Mr. Stancati advised that this Resolution transfers of $108,000.00 in' order to meet current operating <br />expenses. The cause of this shortfall is due to the continuing problem they have had for the past <br />three (3) years as to the diversion of water due to the major improvements they have made in the <br />system as well as the system getting older year by year. This transfer is to be repaid by December <br />31, 2001. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Coleman made a motion to adopt this Resolution. Councilmember <br />Aranowski seconded the motion which carried and the Resolution was adopted by a roll call vote <br />of nine (9) ayes. <br />BILLS - FIRST READING <br />BILL NO. 106 -00 FIRST READING ON A BILL TO VACATE THE <br />FOLLOWING DESCRIBED PROPERTY: THE ALLEY TO <br />BE VACATED IS THE FIRST EAST/WEST ALLEY <br />NORTH OF FISHER STREET FROM THE WEST R/W <br />LINE OF WEBS TER STREET TO THE WEST LOT LINE <br />OF LOT 18, PECK'S 2ND SUBDIVISION OF PART BANK <br />OUTLOTS 01 AND 02 FOR A DISTANCE OF 210 FEET. <br />BEING A PART OF SAID PECK'S 2ND SUBDIVISION TO <br />THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, <br />INDIANA <br />1 <br />1 <br />