Appropriating $6,500 Cumulative Capital Improvement Fund, $58,500 from Local Road & Street Fund

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ORDINANCE NO. AN ORDINANCE APPROPRIATING $6,500.00 FROM THE CUMULATIVE CAPITAL IMPROVEMENT FUND, LINE ITEM NO. 260.0, AND $58,500.00 FROM THE LOCAL ROAD AND STREET FUND TO PRO- JECT R & S 92, RIVERSIDE DRIVE IMPROVEMENTS, WITHIN THE LOCAL ROAD AND STREET FUND. STATEMENT OF PURPOSE AND INTENT: In that an unsafe condition exists along Riverside Drive from a point 500 feet north to a point 500 feet south of its intersection with Northview Drive, certain improvements have been proposed. Funds are now needed to pay the cost of the construction of these im- provements. These funds are available from the Cumulative Capital Improvement Fund and the Local Road and Street Fund for these purposes. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I: That the following sums of money are hereby appropriated and ordered set apart out of the Cumulative Capital Improvement Fund and the Local Road and Street Fund for the project in the amounts set forth below: PROJECT NO. LOCATION AMOUNT R & S 92 Riverside Drive from 500 ft. north to 500 ft. south of Northview Drive Cumulative Capital Improvement Fund $ 6,500.00 Local Road and Street Fund 58,500.00 TOTAL PROJECT $65,000.00 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 1�5 _ '/" -2 % PUELIC HEARING 3 -13 -7 7 2nd READING NOT APPROVED REFERRED PASSED Member of e � le Council FILED IN CLERK'S OFFICE r,,i w 4. `977 Irene Gammon CITY CLERK, SOUTH BEND, IND.