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10-12-15 Agenda, Packet & Committee Meeting Notice
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10-12-15 Agenda, Packet & Committee Meeting Notice
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
10/12/2015
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ORDINANCE NO. <br /> AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br /> INDIANA,APPROPRIATING,ADOPTING AND APPROVING THE SOUTH BEND <br /> PUBLIC TRANSPORTATION CORPORATION'S 2016 BUDGET AND LEVYING THE <br /> TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF <br /> RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION <br /> CORPORATION, SOUTH BEND,INDIANA, FOR THE FISCAL YEAR ENDING <br /> DECEMBER 31,2016 <br /> Pursuant to Indiana law,the South Bend Public Transportation Corporation is required to submit <br /> its proposed budget and tax levy to the Common Council of the City of South Bend for adoption. <br /> Specifically, Indiana Code § 6-1.1-17-20 requires that the South Bend Public Transportation <br /> Corporation, as a political subdivision governed by a majority of unelected officials, submit its <br /> proposed budget and property tax levy to the Common Council of the City of South Bend. <br /> Pursuant to Indiana Code § 6-1.1-17-20(e),the Common Council of the City of South Bend is <br /> required to review the South Bend Public Transportation Corporation's budget and proposed tax <br /> levy and adopt a final budget and tax levy for the South Bend Public Transportation Corporation. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF <br /> SOUTH BEND, INDIANA, as follows: <br /> SECTION 1. The South Bend Public Transportation Corporation's budget for the year ending <br /> December 31,2016 in the sum of$12,077,143.00, as shown on Budget Form 4-A, filed with the <br /> Common Council on August 19, 2015, is appropriated, adopted, approved and ordered set apart <br /> out of the several funds herein named and for the purposes herein specified, subject to the laws <br /> governing the same. Such sums herein appropriated shall be held to include all expenditures <br /> authorized to be made during the year, unless otherwise expressly stipulated and provided for by <br /> law. In addition, for the purpose of raising revenue to meet the necessary expenses of the South <br /> Bend Public Transportation Corporation, a total property tax levy of$4,229,436.00 and a total <br /> tax rate of 0.1382 as shown on Budget Form 4-B are also appropriated,approved and adopted. <br /> SECTION 2. This Ordinance shall be in full force and effect from and after its passage by the <br /> Common Council of the City of South Bend and approved by the Mayor. <br /> • <br /> 1111bN <br /> Member, South Bend Common Council <br /> Attest: <br /> Sign rinds bid!Is only b p oteie an <br /> City Clerk � for public and <br /> Council Edon on fNs irrup. <br />
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