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ORDINANCE NO. 1 Z 0 ~ r <br />AN ORDINANCE TRANSFERRING $409,457 AMONG VARIOUS ACCOUNTS WITHIN FUND 212 <br />"COMMUNITY DEVELOPMENT" IN THE DEPARTMENT OF COMMUNITY AND ECONOMIC <br />DEVELOPMENT <br />Statement of Purpose and Intent: <br />In order to assure the efficient and timely utilization of Community Development Block Grant <br />Funds in accordance with the community's Housing & Community Development Plan, transfers are <br />needed: <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The sum of $409,457 is hereby transferred among accounts as set forth below: <br />Reduce the following: Amount <br />1999 NHS Homeownership Program $140,000 <br />2000 Affordable Loan Program 38,047 <br />2000 REWARD 55,000 <br />2000 YSB Development Planning 158 <br />2000 NPC Public Works Program 2,156 <br />2001 Section 108 Payment 42,698 <br />2001 Unallocated funds 113,000 <br />2001 Excess Program Income 13,909 <br />2000 Excess Program Income 4,489 <br />Total $409,457 <br />Increase the following: Amount <br />2002 CHC -Keller Park Model -Block Initiative $100,000 <br />2002 NNN Northwest Neighborhood Revitalization 100,000 <br />2002 Community Development Administration 100,000 <br />2002 General Administration 109,457 <br />Total $409,457 <br />SECTION II. This Ordinance shall be in full force and effect from and after its passage <br />by the Common Council and approval by the Mayor. <br />1 st READING I.b'LZ-d~ <br />PUBLIC HEARING I ~ ~ \t-~ ~ <br />3rd READING ~1_ \Z-0~ <br />NOT APPROVED <br />REFERRED <br />PASSED ~~ -\L-O~ <br />®~~ !~ V 6~OY1 <br />Loy: -:TT~a ~. c~.~~~a <br />~~~ <br />Member of the Common Coun~ <br />