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ORDINANCE NO. <br />AN ORDINANCE TRANSFERRING $60,000 AMONG <br />VARIOUS ACCOUNTS WITHIN THE DEPARTMENT OF <br />COMMUNITY AND ECONOMIC DEVELOPMENT <br />STATEMENT OF PURPOSE AND INTENT: <br />In order to assure the efficient and timely utilization of Community Development Block <br />Grant Funds transfers among accounts are necessary. <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 $60,000 is hereby transferred among accounts as set forth <br />below. <br /> Reduce the following accounts: <br />Project No. Description Amount <br />CD97-8102 Broadway Mortgage Subsidies $ 461 <br />CD97-8141 Partnership Public Works 4,202 <br />CD97-8151 Park ADA Projects 1,500 <br />CD97-8158 Blume's Block Rehab 893 <br />CD98-8105 Affordable Loan 36,815 <br />CD98-8130 LaSalle Center Addition 16,129 <br /> TOTAL $60,000 <br /> Increase the following accounts: <br />Project No. Description Amount <br />CD00-8110 South Bend Heritage Administration $60.000 <br /> TOTAL $60,000 <br />SECTION II. No costs will be incurred or funds expended for any of the activities in this <br />ordinance prior to an official release of funds received from the United States Department of <br />Housing and Urban Development as may be required. <br />SECTION III. This ordinance shall be in full force and effect from and after its passage by <br />the Common Council and approval by the Mayor. <br />Member of the Commo C uncil <br />1st READING ~-IZ"O~ <br />PUBLIC HEARING ~i-L~,-00 <br />3 rd READING (o_Lb-DO <br />NOT APPROVED <br />REFERRED <br />PASSED (~ -'Lb - 0 f7 <br />~I~~C~ ~ti ~1~'l'~~'~ ~~~l~~ <br />e.~ ~¢ r~' ~ 1 2~Q~ <br />L~1i~1:7777di.d. [iilC~ <br />CITY CLl:l~b~,, a~A. i3g!:'€?, t:~~. <br />