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1400 CouNT -CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF LAW <br />PHONE 574 1235 -9241 <br />FAX 5741235 -9892 <br />TDD 574/ 235 -5567 <br />CHARLES S. LEONE ALADEAN M. DEROSE <br />QwATIORNEY December 7, 2005 CHIEF AssIsrANT CIrYATTDRNEY <br />Ms. Charlotte Pfeifer <br />President, South Bend Common Council <br />4 °i Floor, County -City Building <br />South Bend, IN 46601 <br />Re: Resolution to Rescind Resolution No. 3534-05 and Providing For Loan Repayment by Water <br />Works Leak Insurance Fund ( #644) to Water Works General Fund ( #620) <br />Dear Ms. Pfeifer: <br />We have discovered that Resolution No. 3534 -05 passed by the Common Council on <br />November 14, 2005 incorrectly describes the nature of the desired budget and accounting transaction. <br />This Resolution rescinds Resolution No. 3534 -05 and provides for the actual transaction which is <br />repayment by Water Works Leak Insurance Fund #644 to Water Works General Fund #620 of half <br />($130,000) of a prior $260,000 loan from Water Works General Fund to Water Works Leak <br />Insurance Fund. The underlying original loan was authorized by the Council in Ordinance No. 9481- <br />03. <br />We truly apologize to Council members for any inconvenience caused by this error. John <br />Stancati will make the presentation of this Resolution at the Council's Committee meeting and at <br />public hearing. <br />Thank you for your understanding. <br />Sincerely, <br />Aladean M. DeRose <br />Chief Assistant CitK <br />AMD /cw <br />"fir I <br />DFC - 7 <br />CITY <br />THOMAS L. BODNAR CHERYL A. GREENE ANN -CAROL NASH <br />JEFFREY M. JANKOWSKI JOHN R. LNINGSTON JEFFREY L. SANFORD JOHN E. BRODEN <br />