Establishing a New Non-Reverting Unsafe Building Fund

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�)iII NO, 01-ILp ORDINANCE NO. � 0 � � � - I � AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, ESTABLISHING A NEW NON - REVERTING UNSAFE BUILDING FUND #219, TRANSFERRING EXISTING FUNDS, AND AMENDING CHAPTER 2, ARTICLE 14 OF THE SOUTH BEND MUNICIPAL CODE STATEMENT OF PURPOSE AND INTENT The City of South Bend Unsafe Building Fund is a fund which will be used solely for the deposit of fines and fees related to the Unsafe Building law and the expenditures related to board ups and other services related to unsafe buildings. The Unsafe Building Fund will be the responsibility of the Department of Code Enforcement. The accounting for costs and services relating to Unsafe Buildings has been previously accounted for in the General Fund (No. 101) and the Building Department Fund (No. 600). Forfeited performance bonds from 2012 -2015 will be reclassified into this new Fund No. 219 upon set up. All expenditures relating to the Unsafe Building Law will be paid from this new Fund starting in 2016. It is in the interest of government transparency and fiscal efficiency to create a separate fund to handle the costs and expenses relating to the Unsafe Building Law. This ordinance establishes a new and separate Fund #219 for that purpose which is codified at Chapter 2, Article 14 of the South Bend Municipal Code under a new Section 2 -169.3 NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA as follows: SECTION I. A new Fund #219 to be known as the "Unsafe Building Fund" is hereby established for the purpose of receiving fines and fees relating to Unsafe Building laws and appropriating those funds for expenses of the future Unsafe Buildings. SECTION II. All forfeited performance bonds for the years 2012 -2015 previously deposited into the General Fund (No. 101) shall be transferred to the new Fund #219 which shall also be the repository for future forfeited performance bonds to be used for the established purposes of Fund #219 described in Section I of this ordinance. The amount of $202,164.16 will be transferred from General Fund 4101 to Unsafe Building Fund #219. SECTION III. Chapter 2, Article 14 of the South Bend Municipal Code is hereby amended to add a new Section 2 -169.3 which shall read in its entirety as follows: See. 2 -169.3 Unsafe Building Non - Reverting Fund. (a) Effective January 1, 2016, the Unsafe Building Fund (No. 219) is established to receive fines and fees related to the Unsafe Building law and further to receive past unused and