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RESOLUTION NO. 1804 -q0 <br />A RESOLUTION OF THE SOUTH BEND COMMON <br />COUNCIL AUTHORIZING THE TEMPORARY TRANSFER <br />OF IDLE FUNDS OF THE CITY OF SOUTH BEND, <br />INDIANA FROM VARIOUS FUNDS TO VARIOUS FUNDS <br />WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA <br />Whereas, it is necessary to provide funds for the Cumulative <br />Capital Improvement Fund (hereafter "COIF") in calendar year 1990 to <br />fund the purchase of real estate to house centralized vehicle <br />maintenance facilities of the City of South Bend, Indiana (hereafter, <br />the "City "); and <br />Whereas, there are monies on deposit to the credit of the City's <br />General Fund, which can be advanced or transferred, temporarily, to <br />CCIF; and <br />Whereas, Indiana Code 36 -1 -8 -4 authorizes the Common Council of <br />the City of South Bend, Indiana, by Resolution adopted by such <br />council, to advance and transfer to a depleted fund from any other <br />such fund, such amount and for such period of time as may be <br />prescribed by the Resolution. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA, AS FOLLOWS: <br />Section I. That the Controller of the City of South Bend, Indiana <br />is authorized to transfer and aggregate an amount not to exceed <br />$580,000.00 from various funds to various funds as listed below. Any <br />such transfers shall be repaid by December 31, 1990. <br />From: <br />226 - Liability Insurance <br />Premium Reserve Fund <br />To: <br />407 - Cumulative Capital <br />Improvement Fund <br />Maximum <br />$580,000.00 <br />Maximum <br />$580,000.00 <br />Total $580,000.00 <br />Section II. Such transfer shall be made for a period of time not <br />to extend beyond December 31, 1990, and such funds to be transferred <br />shall be repaid to the original fund from which they were <br />transferred. <br />Section III. This resolution shall be in full force and effect <br />from and after its adoption by the Common Council and approval by the <br />Mayor. y <br />Member, Sou end Co on Council <br />PRESENTED ' —c? `% % U <br />NOT APPROVED <br />ADOPTED q- a y- 9U <br />c:msf - resccif <br />k Clerk's Office <br />SEP 19 No <br />BIIS' MB M IN <br />