HomeMy WebLinkAboutProviding the increase in planned rexpenditure for capital improvement projects RESOLUTION
NUMBER 18---62
Passed by the Common Council of the City of South Bend, Indiana,
OCTORER 8,
Attest: �/�-�`-� /✓_ f ��'`{- City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
OCTOBER 9, 19 62 .
City Clerk
Approved and signed by me OCTOBER 9, 19 62
Mayor
t i
RESOLUTION NO. 18---62
RESOLUTION PROVIDING FOR INCREASE IN PLANNED
EXPENDITLRE FOR CAPITAL IMPROVEMENT PROTECTS.
WHEREAS, under the terms of Public Law 87-658, approved September 149
1962, the United States of America has authorized the making of a grant to aid
in financing the construction of a specific public works project, provided the
proposed or planned total expenditure of the public body for its capital
improvement projects is increased by an amount approximately equal to the
non-Federal funds required to complete such public works project;
Now, Therefore, Be It Resolved by the Common Council of the City of
South Bend:
1. That as of the date of filing of an application by the Municipal
City of South Bend, Indiana (hereafter called Applicant) with
the Housing and Home Finance Agency, United States Government,
for a grant to aid in financing the construction of storm
sewers and street improvements the Applicant had a capital
improvements plan or capital improvement budget for the fiscal
year or years during which construction of the proposed project
is expected to occur; and that the total expenditure for
capital improvements in said plan or budget was $1,1009000.00
for the fiscal year ending 1962 and $190009000.00 for the
fiscal year ending 1963.
2. That, in the event that said Federal grant is approved by the
United States of America, said capital improvements plan or
capital budget will be increased by $2909000.00 for the fiscal
year ending 1962 and $5759000.00 for the fiscal year ending
1963 for a total increase of $865,000.00 in the proposed or
planned total expenditure for capital improvement projects.
3. That said total increase in the proposed or planned total
expenditure for capital improvement projects is approximately
equal to the non-Federal funds required to complete the public
works project for which the application is to be submitted.
This resolution is adopted pursuant to the authority of the laws of
the General Assembly of the State of Indiana and Ordinances of the City of
South Bend, Indiana and further in compliance with the Ordinance of the
Common Council of the City of South Bend, Indiana known as Ordinance No.
4410-61 and Authorization Ordinance No. 4501-62.
Member Comm6nZo unc11
FILED IN CLERIC'S Will
OCT 6
FREDA G. N09LE
CITY CLERK-SOUTHBEND, IND.