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South Bend Redevelopment Commission <br />Regular Meeting -November 7, 2008 <br />6. NEW BUSINESS (CONT.) <br />D. Airport Economic Development Area <br />(5) Filing of Resolution No. 2524 determining <br />to appropriate monies for the purpose of <br />defraying the expenses of certain local <br />public improvements for the fiscal year <br />beginning January 1, 2008 and ending <br />December 31, 2008, including all <br />outstanding claims and obligations, fixing <br />a time when the same shall take effect. <br />(Blackthorn Golf Course budget and <br />setting a public hearing on Resolution <br />No. 2524 for December 5, 2008 at <br />10:00 a.m. <br />Ms. Leonard noted that this is simply the <br />filing of the resolution and setting a public <br />hearing for December 5, 2008 at 10:00 a.m. <br />Ms. King asked why the budget needs to be <br />adjusted this late in the year. Ms. Leonard <br />responded that the Commission approved <br />spending of the specific amounts listed in the <br />lines of the budget. There have been more <br />expenses in some lines and money not <br />needed in others. Moving money from one <br />line to the other requires Commission <br />approval. The bottom line remains the same. <br />This is a normal occurrence in government. <br />By state law, the various lines are not <br />allowed to be in the red. At the end of each <br />year adjustments are made to move funds <br />from one line to the other so no lines are in <br />the red. <br />Upon a motion by Ms. King, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission accepted for filing Resolution <br />No. 2524 and set a public hearing on <br />Resolution No. 2524 for 10:00 a.m., <br />December 5, 2008. <br />17 <br />COMMISSION ACCEPTED FOR FILING <br />RESOLUTION No. 2524 AND sET A PUBLIC <br />HEARING ON RESOLUTION NO. 2524 FOR 10:00 <br />A.M., DECEMBER 5, 2008 <br />