Closing Certain Special Funds & Transferring any Balances Therein to the General Fund of City of South Bend

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA CLOSING CERTAIN SPECIAL FUNDS AND TRANSFERRING ANY BALANCES THEREIN TO THE GENERAL FUND OF THE CITY OF SOUTH BEND WHEREAS, there was created by Ordinance No. 3644 -48 a special fund of the City of South Bend known as the Parking Meter Fund (Fund No. 204), deposits therein to be used to regulate traffic and to regulate the use of the streets and highways of the City of South Bend, Indiana, to create and define parking meter zones; monies to be deposited in such fund to be derived from coins deposited in parking meters located within the City of South Bend, and having a balance in said fund of $0.00 as of August 31, 1990; and WHEREAS, there has been established a special fund designated as the Human Rights Commission Fund (Fund No. 206), deposits therein to be expended for activities to prevent discrimination and promote human rights within the City of South Bend, monies to be deposited in said fund to be derived from specific annual property tax levy, and such fund having a balance of $1,150.90 as of August 31, 1990; and WHEREAS, there was created by Ordinance No. 7037 -82 a special fund known as the Arson Protection Fund (Fund No. 293), deposits therein to be used by the Police and Fire Departments specifically for the purpose of training arson investigators and for the purchase of equipment to be used for arson investigations, monies to be deposited in such fund having been derived from an Arson Protection Assistance Grant provided by the State of Indiana to the City of South Bend, and other money generated by Police and Fire Department arson activities, and having a balance of $72.64 as of August 31, 1990; and WHEREAS, there was created by Ordinance No. 4830 -66 a special fund known as the Industrial Development Fund (Fund No. 296), deposits therein to be used to construct municipal improvements in pursuance of the development of the South Bend Industrial Development Program, monies to be deposited in such fund deriving from a $100,000.00 loan to the South Bend Industrial Development Fund from the State of Indiana, and having a balance of $219.62 as of August 31, 1990; and WHEREAS, there was created by Ordinance No. 7196 -83 a special non - reverting fund known as the Volunteer Program Fund (Fund No. 297), deposits therein to fund expenditures for costs of a volunteer program designed to provide additional expertise and efficiency where limited funds do not allow the City to otherwise acquire these services, monies to be deposited in such fund to be generated by grants and donations, and having a balance of $6,000.00 as of August 31, 1990; and WHEREAS, there has been established a special fund known as the Economic Development Administration Fund (Fund No. 411), deposits therein to account for expenditures for specific improvement projects, monies to be deposited therein to be derived from federal grants, and having a balance of $1,158.00 as of August 31, 1990; and WHEREAS, each of the above - referenced special funds has been dormant and inactive for several years; and WHEREAS, the Common Council of the City of South Bend, Indiana has determined that the purpose of each of the above - referenced funds has been met, and that it is in the best interest of the City of South Bend that said funds be closed and any monies remaining on deposit therein be transferred to the General Fund of the City of South Bend, Indiana.