Transferring $105,000.00 Sample Street Chapin to Olive, within the Local Road and Street Fund

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ORDINANCE NO. �93 L=o AN ORDINANCE TRANSFERRING $105,000.00 FROM PROJECT R &S 53, SAMPLE STREET, CHAPIN TO OLIVE, WITHIN THE LOCAL ROAD AND STREET FUND, TO PROJECT R &S 8000, SCARIFICATION AND RESURFACING IN THE AMOUNT OF $35,000.00 AND TO R &S 8003, MCKINLEY /MANCHESTER SIGNALIZATION IN THE AMOUNT OF $70,000.00. BOTH PROJECTS WITHIN THE LOCAL ROAD AND STREET FUND. STATEMENT OF PURPOSE AND INTENT: A surplus currently exists within Project R &S 53, Sample Street Improve- ments, and it is requested that these surplus funds be transferred to other projects as follows: A scarification project has been proposed in order to bring various streets up to proper standards to meet existing traffic needs, and additional funds are now needed in the amount of $35,000.00 for completion of this project. In order to bring the intersection of McKinley /Manchester up to the standards necessary to meet existing traffic needs, certain improvements have been proposed. Funds are now needed to pay for the construction of these improvements in the amount of $70,000.00. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I: That the sum of $105,000.00 be transferred between projects as set forth below: REDUCE THE FOLLOWING PROJECT NO. LOCATION AMOUNT R & S 53 Sample, Chapin to Olive $ 105,000.00 Total Decrease $ 105,000.00 INCREASE THE FOLLOWING PROJECT NO. LOCATION AMOUNT R & S 8000 Scarification & Resurfacing $ 35,000.00 R & S 8003 McKinley /Manchester Signalization 709000.00 Total Increase $ 105,000.00 SECTION II: This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. 1st READING F - a S -- PUBLIC HEARING F 2nd READING NOT APPROVED REFERRED PASSED (t /k Me r o the Common Counc FILED IN CLE iVS OFFICE AUG 2 01980 Irene Gammon CITY CLERK, SOUTH BEND, IND.