HomeMy WebLinkAboutBill No. 12-18120ON COUNTY -CITY BUILDING
227 W. JEFFERSON BLVD.
SOUTH BEND, INDIANA 46601-1830
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
PHONE 574/ 235-9822
FAX 5741235-9928
DEPARTMENT OF ADMINISTRATION AND FINANCE
February 6, 2018
Mr. Tim Scott
President, South Bend Common Council
4th Floor, County -City Building
227 W. Jefferson Blvd.
South Bend, IN 46601
Filed in Clerk's Office
FEB 07 2818
KAREENiAH I= V LER
CITY CLERK, SOUTH BEND, IN
Re: Ordinance Establishing New Parks Bond Debt Service Fund for the City of South Bend
Dear Council President Scott:
During the preparation and adoption of the 2018 Citybudget, the need has arisen to add one
additional fund to properly account for revenue and expenditures of the City of South Bend's
Parks Bond Debt Service Fund. This fund will collect the property tax levy to fund the debt
service payments.
I will present this bill to the Common Council at the appropriate committee and council
meetings. It is requested that this bill be filed for 1st 2nd and 3rd reading on February 121h,
2018.
Thank you for your attention to this request. If you should have any questions, please feel
to contact me at 574-235-9822.
Respectfully submitted,
Jennifer C. Hockenhull
City Controller
Excellence I Accountability I Innovation I Inclusion I Empowerment
11I 1 031 017 8 00
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, AMENDING CHAPTER 2, ARTICLE 14 OF TI3E SOUTH BEND
MUNICIPAL CODE TO ESTABLISH A NEW FUND: PARK BOND DEBT SERVICE
FUND (312).
STATEMENT OF PURPOSE AND INTENT
During the preparation and adoption of the 2018 City Budget, the need has arisen to add
one (1) Fund to properly account for revenue and expenditures of the City of South Bend. The
Parks Bond Debt Service Fund will be used to collect the property tax levy to fiord the debt service
payments. This Fund Number will be 312, and will be effective January 1, 2018.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA as follows:
SECTION I. Effective January 1, 2018, the following funds are established, and Chapter
2, Article 14, of the South Bend Municipal Code is hereby amended to add new sections which
shall read in their entirety as follows:
Section 2-170.30. Parks Bond Debt Service Fund
The Parks Bond Debt Service Fund (No. 312) is established to account for the property tax
levy to fund debt service payments related to the Parks Bond.
SECTION IV. This ordinance shall be in full force and effect from and after its passage
by the Common Council and approval by the Mayor.
Member, South Bend Common Council
Attest:
City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana on the day of
,2—, at o'clock M.
Approved and signed by me on the
at o'clock, m.
1sf READING
PUBLIC HEARING
r3 rd READING
NOT APPROVED
REFERRED
PAF -.9
City Clerk
day of 2 ,
Mayor, City of South Bend, Indiana
Filed in Clerk's Office
B 0.72018_.._LF:E
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CITY CLERK.SOUTH BEND, IN