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Cumulative Capital Improvement Fund, and Cumulative Capital Development Fund prior to
<br />the receipt of taxes in the year 1994 in order to meet the current operating expenses
<br />of the City provided for in the budget adopted for the year 1994.
<br />There are monies on deposit to the credit of various funds of the City, to -wit:
<br />The Liability Insurance Premium and Reserve Fund, the Sewage Works Depreciation Fund,
<br />the Sewage Works Operation nd Maintenance Reserve Fund, which can be temporarily
<br />advanced or transferred to the various funds already mentioned.
<br />Indiana Code 36 -1 -8 -4 authorizes the Common Council of the Civil City of South
<br />Bend, by Resolution adopted by such Council, to advance and transfer to a depleted
<br />fund from any other such fund, such amount and for such a period of time as may be
<br />prescribed in the Resolution.
<br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend,
<br />Indiana as follows:
<br />Section I. The City Controller of -the City of South Bend is authorized to
<br />transfer an aggregate amount not to exceed $7,600,000.00 to various funds from
<br />various funds as listed below. The aggregate amount of $7,600,000.00 to be
<br />distributed so as not to exceed at any one time the maximum amounts as set forth
<br />below. Any such transfers made must be repaid by December 31, 1994.
<br />FROM;
<br />MAXIMUM TO;
<br />Liability Insurance $1,000,000.00
<br />Premium & Reserve
<br />Sewage Works
<br />Sewage Works
<br />Operation and Main-
<br />tenance Reserve
<br />TOTAL
<br />$4,500,000.00
<br />$3,500,000.00
<br />$9,000,000.00
<br />General Fund
<br />MAXIMUM
<br />Park Maintenance
<br />Fund
<br />Cumulative Capital
<br />Improvement Fund
<br />Cumulative Capital
<br />Fund
<br />$7,000,000.00
<br />$1,500,000.00
<br />200,000.00
<br />300,000.00
<br />$9,000,000.00
<br />Section II. Such transfer shall be made for a period of time not to extend
<br />beyond December 31, 1994, and such funds to be transferred shall be returned and
<br />repaid to the original funds from which they were transferred.
<br />Section III. This Resolution shall be in full force and effect from and after
<br />its passage by the Common Council and approval by the Mayor.
<br />/s/ Ann Puzzello
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Jeff Rinard, Finance
<br />Director, made the presentation for the resolution. He indicated that as in the past
<br />few years the City can meet its 1994 operating expenses without the need to issue tax
<br />anticipation time warrants through the proposed inter -fund borrowing. He indicated
<br />the transfer of funds will be repaid prior to December 31, 1994. Council Member
<br />Coleman made a motion to adopt the resolution, seconded by Council Member Ladewski.
<br />The resolution was adopted by a roll call vote of nine ayes.
<br />BILLS, FIRST READING
<br />BILL NO. 23 -94 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE ALLEY TO
<br />BE VACATED IS DESCRIBED AS THE FIRST EAST -WEST ALLEY NORTH OF
<br />EAST COLFAX AVENUE FROM THE EAST RIGHT -OF -WAY LINE OF THE FIRST
<br />NORTH -SOUTH ALLEY WEST OF NORTH ST. PETER TO THE WEST RIGHT -OF-
<br />WAY LINE OF ST. PETER FOR A DISTANCE OF APPROXIMATELY 165 FEET
<br />AND A WIDTH OF APPROXIMATELY 14 FEET. ALLEY LOCATED IN FIRST
<br />ADDITION TO LOWELL IN THE CITY OF SOUTH BEND, INDIANA.
<br />This bill had first reading. Council Member Luecke made a motion to set this bill
<br />for public hearing and third reading on April 11, and refer it to the Public Works
<br />and Vacation Committee, seconded by Council Member Coleman. The motion carried.
<br />BILL NO. 30 -94 A BILL AMENDING AND SUPPLEMENTING CHAPTER 21, ZONING, OF THE
<br />MUNICIPAL CODE OF THE CITY OF SOUTH BEND, INDIANA, AS AMENDED, BY
<br />ADDING A NEW "O" OFFICE DISTRICT, AND MAKING CERTAIN OTHER
<br />RELATED REVISIONS.
<br />This bill had first reading. Council Member Coleman made a motion to refer this bill
<br />to Area Plan, seconded by Council Member Luecke. The motion carried.
<br />BILL NO. 31 -94 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,
<br />AMENDING SECTION 5 -1 AND SECTION 5 -49 OF CHAPTER 5 OF THE SOUTH
<br />BEND MUNICIPAL CODE ENTITLED "ANIMALS AND FOWL ".
<br />This bill had first reading. Council Member Coleman made a motion to set this bill
<br />for public hearing and third reading on April 11, and refer it to the Heath and
<br />Public Safety Committee, seconded by Council Member Duda. The motion carried.
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