Laserfiche WebLink
SPECIAL MEETING DECEMBER 3, 1999 <br />PURCHASE AND LOAN AGREEMENT AND A PROJECT <br />NOTE APPROPRIATE FOR THE PROTECTION AND <br />DISPOSITION OF SUCH REVENUES AND TO FURTHER <br />SECURE SUCH BONDS; AND AUTHORIZING SUCH <br />OTHER ACTIONS IN CONNECTION WITH THE <br />ISSUANCE OF SUCH BONDS <br />This bill had third reading. Councilmember King made a motion to consider the substitute version <br />of this bill. Councilmember Kelly seconded the motion which carried by a voice vote of seven (7) <br />ayes. Additionally, Councilmember Kelly made a motion to pass this bill as substituted. <br />Councilmember Aranowski seconded the motion which carried. The bill passed by a roll call vote <br />of seven (7) ayes. <br />RESOLUTIONS <br />RESOLUTION NO. 2817 -99 A RESOLUTION AUTHORIZING THE TEMPORARY <br />TRANSFER OF IDLE FUNDS OF THE CITY OF SOUTH <br />BEND, INDIANA, FROM VARIOUS FUNDS TO THE <br />VARIOUS FUNDS WITHIN THE CIVIL CITY OF SOUTH <br />BEND, INDIANA <br />WHEREAS, it is necessary to provide funds for the Water Works Leak Insurance Fund No. <br />644, in order to meet the current operating expenses; and <br />WHEREAS, there are monies on deposit to the credit of the Sewer Repair Insurance Fund <br />No. 640, 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 $100,000.00 from the Sewer Repair Insurance Fund No. 640 to the <br />Water Works Leak Insurance Fund No. 644. Any such transfers must be repaid by December 31, <br />2000. <br />FROM <br />Sewer Repair Insurance Fund No. 640 <br />MAXIMUM TO <br />$100,000.00 Water Works Leak <br />Insurance Fund No. <br />644 <br />SECTION II. Such transfer shall be made for a period of time not to exceed beyond <br />December 31, 2000, and any funds so transferred shall be returned and repaid to the Sewer Repair <br />Insurance Fund No. 640. <br />SECTION III. This Resolution shall be in full force and effect from and after its passage by <br />the Common Council and approval by the Mayor. <br />s /Sean Coleman <br />Member of the Common Council <br />Mr. Lew Powell, Director of Public Works, Department of Public Works, 1316 County -City <br />