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Home My WebLink About9987-09 Transfer Monies from Various Funds to Depleted Property Tax FundsORDINANCE No. ~a Passed by the Common Council of the City of Soutlt Bend, Indiana December 14, Attest: Attest: Presented by me to the Mayor of the City of Soirth Bend, Indiana December 15, 2009 JOHN City Clerk President of Common Council Approved and signed by me December 17 , 20 0 ~ _ ~--~ ~ ~-~ City Clerk Mayer 2009 BILL N0.93-09 SUBSTITUTE VERSION ORDINANCE NO. ~ C( ~ ~ ~~~ AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, TRANSFERRING MONIES FROM VARIOUS FUNDS TO DEPLETED PROPERTY TAX FUNDS WITHIN THE CITY STATEMENT OF PURPOSE AND INTENT The due date for current property tax payments (2008 pay 2009) is December 11, 2009. St. Joseph County is planning a distribution of property tax collections during December 2009 to local units of government. The exact amount of tax collections to be distributed to the City of South Bend during December is not known at this time. It may become necessary to temporarily transfer monies from various funds within the City to depleted property tax funds to meet current operational expenses. All funds from which temporary transfers are to be made have monies sufficient to accommodate these temporary transfers. The amount of transfers listed below are maximum amounts. The actual amounts transferred may be less depending on the property tax distributions received during December. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: Section I. The aggregate sum of $7,700,000 shall be transferred from the following Funds as follows: A. $1,200,000 from Fund No. 711 Health Insurance Fund; and B. $6,500,000 from Fund No. 102 Rainy Day Fund; and C. $ -0- from Fund No. 227 Loss Recovery Fund Section II. The monies totaling an aggregate sum of $7,700,000 transferred per Section I from Fund Numbers 711, 102, and 227 shall be deposited and loaned temporarily to the following Funds: A. $5,000,000 to Fund 101 General Fund; and B. $2,000,000 to Fund 201 Parks & Recreation Fund; and C. $700,000 to Fund 313 Hall of Fame Debt Service Fund Section III. All monies transferred under Section I to the Funds designated in Section II shall be paid back to the originating Fund by June 30, 2010. Section IV. This ordinance shall be in full force and effect from and after its passage: by the Common Council and approval of the Mayor. Member e o lnon uncil Attest: Ci Cle Presented by me to the Mayor of the City of South Bend, Indiana, on the t `~~~ day of ~.cevv.~ , 2009, at i l ~-~S~ o'clock ~ . m. ~.., Deputy 'ity Clerk fi Approved and signed by me on the ~~ day of .~ , 2009, at ~- ~ o'clock GZ. m. ,z.._,.. oy~.~ -- Mayor, City outh Bend, Indiana l ~-L3,~~ i st I;Ei'.D,NG cC.S 5~.~r~~=~~ P~~!~.tC E;E~'tRfNG ~ L-l`{'d~ 3 rd F;rADiNG lL-l `~-~~ rC.S S~_b S,~-~,~~-~;°~C~ NOT APPROVED REFERRED ., ~ 1~ PASSED ' ~ L-t `{'t' `l ~i-S S l.c_~ I -\i1 -j-V,.le File in ~i~l''~:~~~i~e DEC 1 1 209 J;!d*; VOORDE CITY CLERri, PD• ~~"ID, IN., TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 93-09 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, TEMPORARILY TRANSFERRING MONIES FROM VARIOUS FUNDS TO DEPLETED PROPERTY TAX FUNDS WITHIN THE CITY PENDING RECEIPT OF PROPERTY TAX DISTRIBUTION Respectfully report that they have examined the matter and that in their opinion, this bill is being recommended to the full Council with a favorable recommendation as substituted with the final dollar amounts and the insertion of the word "exact" in the third line of the Statement of Purpose and Intent. Ann Puzzello Chairperson, Committee of the Whole 140() COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD $OlTI1[ BEND, INDIANA 46601-1830 PHONE 574/ 235-9241 FAx 574/235-9892 TDD 574/ 235-5567 CITY OF SOUrH BEND STEPHEN J. LUECKE, MAYOR DEPARTMENT OF LAW CHARLES S. LEONE ALADEAN M. DEROSE CITYATTORNEY December 11, ZOO9 CHIEF ASSISTANTCITYATTORNEY Mr. Derek Dieter President, South Bend Common Council 4`h Floor, County-City Building South Bend, IN 46601 Re: Substitute Bi1193-09 Temporary Transfer of Monies Dear President Dieter: Attached is a substitute version of Bill No. 93-09, which is an Ordinance authorizing the temporary transfer of monies to depleted funds pending property tax distributions which, again, have been delayed. The Bill as originally filed did not contain dollar sums because additional time was needed to calculate the required dollars to be transferred. This substitute now inserts maximum dollar amounts expected to be transferred from certain funds and deposited into other funds. The insertion of dollar sums, and insertion of the word "exact" in the third line of the Statement of Purpose and Intent are the only changes made to the original Bill. Controller Greg Zientara will present this Ordinance to the Common Council at its Committee and regular meetings. Thank you for your consideration of this Substitute Bill. Sincerely, AMD/cw Aladean M. DeRose Chief Assistant City Attorney ~1~~d X17 ~~~t'~:'a ~~~iCfl 0 EC 1 1 2009 THOMAS L. BODNAR CHERYL A. GREENS ANN-CAROL NASH JEFFREY M. JANKOWSKI LAWRENCE J. METEP/ER JEFFREY L. SANFORD ,JOHN E. BRODEN