Transferring $361,000 among various Accounts within fund 212 "Community Development" in the Department of CED

Home Browse Search

ORDINANCE NO. ~ ~ ~ 3 - ~ ~ AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA TRANSFERRING $361,000 AMONG VARIOUS ACCOUNTS WITHIN FUND 212 "COMMUNITY DEVELOPMENT" IN THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT Statement of Purpose and Intent: In order to assure the efficient and timely utilization of Community Development Block Grant Funds in accordance with the community's Housing & Community Development Plan, transfers are needed: NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $361,000 is hereby transferred among accounts as set forth below: Reduce the following: Amount 2000 Partnership Public Works $ 600 2000 NHS Homeownership 2,099 2000 Unallocated funds 1,817 2001 Unallocated funds 40,067 2001 Excess Program Income 161,609 2001 SBH Chapin Acq/Relocation 35,292 2001 CD Activity Delivery Costs 119,516 Total $361,000 Increase the following: Amount 2003 Smitty's Garage Acquisition $175,000 2003 General Administration 186,000 Total $361,000 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. G~ f!~C/ Member of the Common ouncil 1 st READING ~ ~'~'Q - c Z PUBLIC HEARING ~3 rd READING NOT APPROV,F.D REFERRED PASSED `M~ Bk~e~ L,i~'e e~.,;. LOre~'Ts~.l. P~~D:a CI7YCLEF~t~, a-~. E;mss"".~. EFv.