HomeMy WebLinkAbout10580-18 Amending Chapter 2, Article 14 of the South Bend Municipal Code ORDINANCE NO . 10580-18
Passed by the Common Council of the City of South Bend, Indiana
February 12, 20 18
Attest: City Clerk
K reemah N. Fo ler
Attest: President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 12, 18
20
City Clerk
�K eemah N. Fo ler
Approved and signed by me �P br u 20
Mayor
BILL NO. 12-18
ORDINANCE NO.
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA,AMENDING CHAPTER 2,ARTICLE 14 OF THE 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 fund 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
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.
Tim Scott, Council President
South Bend Common Council
Att est:
Kare mah N. 'Fowle4 Citj Clerk
Offi e of the City Clerk
Presented by me, the undersigned Clerk of the City of South Bend, to the May f the
City of South Bend, Indiana on the �� - day of , 2018, at
o'clock-P—. m.
Kar emah N. Fowl r, ity Clerk
Office of the City Clerk
Approved and signed by me on the day of , 2018, at o'clock
�.m.
Pete Buttigie r
City of Sou end, Indiana
st READING C��Ial;6i 8
PUBLIC NEARING
3 rd READING
NOT APPROVED
REFERRED
PASSED
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120ON COUNTY-CITY BUILDING p��` �'1� PHONE 574/235-9822
227 W.JEFFERSON BLVD. FAX 574/235-9928
SOUTH BEND,INDIANA 46601-1830 U d ;
PRAC..
� 1865 s
CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR
DEPARTMENT OF ADMINISTRATION AND FINANCE
February 6, 2018
Filed in Clerk's Office
Mr.Tim Scott FEB 0 7 2018
President, South Bend Common Council
41h Floor, County-City Building KAREEMAH FOWLER
227 W.Jefferson Blvd. CITY CLERK,SOUTH BEND,IN
South Bend, IN 46601
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 City budget,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 12th,
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
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