Transferring $766,300 among various accounts within the Department of Community and Economic Development

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ORDINANCE NO. ~~ ~~ ~ " AN ORDINANCE TRANSFERRING $766,300 AMONG VARIOUS ACCOUNTS WITHIN THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT Statement of Purpose and Intent: In order to assure the efficient and timely utilization of Community Development Block Grant Funds and to further the implementation of certain community objectives, transfers are needed: NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $766,300 is hereby transferred among accounts as set forth below: Reduce the following: Amount 1997 Bureau of Housing Admin 27,918 1997 Planning & Neighborhood Development Admin 43,370 1996 Bureau of Housing Admin 16,576 1995 South Bend Heritage Homeownership 6,904 1995 Northwest Revolving Loan 55,518 1996 Community Homebuyer's Corporation - 75/25 Subsidy 8,299 1996 Hansel Center Rehab 1,429 1996 Neighborhood Resources & Technical Services Corporation 203 1997 Affordable Loan 150 1997 REWARD 29,000 1997 Southeast Housing Project (11) 1997 El Campito Site Improvement 892 1997 500 Block S. Michigan Improvements 40,000 1997 Neighborhood Watch 14,239 1997 Near Northwest Neighborhood Social & Economic Concerns 4,086 1997 El Buen Vecino 2 1997 La Casa/El Campito Admin 1,679 1997 Historic Preservation 84 1997 Hansel/Martin Rehab 1 1997 Section 108 Payment 86,056 1998 Section 108 Payment 1,464 1998 Partnership Public Works 50,000 1998 Additional Entitlement 214,000 1997 Excess Program Income 164,442 Total $766, 300 Increase the following: Amount 1999 Section 108 Loan Payment $31,523 1999 Chapin Street Development 88,000 1999 South Gateway Improvements 112,177 1999 Center for the Homeless 100,000 1999 Human Rights Administration 13,000 1999 Department of Community & Economic Development General Admin 204,999 1999 Division of Planning & Neighborhood Development Admin 216,601 Total $766,300