HomeMy WebLinkAbout10032-10 Appropriation- $57,027 EconDev Income Tax (#408) for Northeast Triangle Development ProjectORDINANCE No. ,oo~~,o
Passed by the Common Council of the City of South Bend, Indiana
August 9, 20 10
Attest:
JOHN
Attest:
Ciry Clerk
President of Common Council
Presented by me to the Mayor of the City of Sorcth Bend, Indiana
August 10,
20
10
RDE
Approved and signed by me_~~ ~~ s ~~ ~ Z- 20 ~ b
City Clerk
Mayer
ORDINANCE NO. ~ ~~ 3~` ~~ ~
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, APPROPRIATING $57,027.00 FROM THE ECONOMIC DEVELOPMENT
INCOME TAX FUND (No. 408) IN 2010 FOR ADDITIONAL COSTS OF THE
NORTHEAST TRIANGLE DEVELOPMENT PROJECT
STATEMENT OF PURPOSE AND INTENT
On December 14, 2009. as part of the 2010 capital budget, the Common Council of the
City of South Bend passed Ordinance No. 9993-09 which appropriated $410,000.00 in the
Economic Development Income Tax (EDIT) Fund (No. 408) for the Northeast Triangle
Development Project. The purpose of the funding was to provide for the acquisition and
demolition of eight units from the South Bend Housing Authority as part of an overall project to
provide new housing in the proposed Eddy Knolls development area.
It is now necessary to increase that appropriation by $57,027.00 due to the discovery of
asbestos covering the walls in six of the eight units. Higher demolition and abatement standards
apply which will increase projected demolition costs. The EDIT Fund has sufficient cash
reserves to pay for this additional appropriation.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA as follows:
Section I: The sum of $57,027.00 is appropriated from and set apart within Economic
Development Income Tax Fund (No. 408) for additional remediation costs of the Northeast
Triangle Development Project.
Section II. This Ordinance shall be in full force and effect from and after its passage by
the Common Council and approval by the Mayor.
Member of the Common Council
Atte
ity erk
~,~P~r~e's`e~nted by me to the Mayor of the City of South Bend, Indiana on the l.C`T~ day
of ~~"1' 2C~,v , at ~0'a~ o'clock ~ m.
~-~
City Cler , ~
Approved and signed by me on the ~~ day of i~~~, 2ar ~ , at o'clock
G~m•
u~<~~.-
Mayor, Cit f outh Bend
1st RFADI~7G ~~Z~ J l ~
PUBLIC HEARING P~1~"~
3 rd READING ~~--LC7
NOT. APPROVED
REFERRED.
PASSED ~-~ -~~
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J U L 1 1 2010
~_ _.__._..~. ______.1
Jv~,r! `~C~J;'u!,
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
43-10 A BILL OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, APPROPRIATING $57,027.00
FROM THE ECONOMIC DEVELOPMENT INCOME TAX
FUND (NO. 408) IN 2010 FOR ADDITIONAL COSTS OF
THE NORTHEAST TRIANGLE DEVELOPMENT PROJECT
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.
Ann Puzzello
Chairperson, Committee of the Whole
COUNTY-CITY BUILDING
227 W.JEFFERSON BOULEVARD
SOUTH BEND,IN 46601
~..
PEACE _
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
OFFICE OF ADMINISTRATION & FINANCE
GREGG D. ZIENTARA, CITY CONTROLLER
July 21, 2010
Mr. Derek Dieter
President, South Bend Common Council
4th Floor, County-City Building
South Bend, IN 46601
PHONE 574-235-9216
FAx 574-235-9928
Re: Ordinance Appropriating $57,027.00 from Economic Development Fund (#408) for Additional
Costs of the Northeast Triangle Development Project
Dear President Dieter:
On December 14, 2009, as a part of the 2010 capital budget, the Common Council passed Ordinance No.
9993-09 which appropriated $410,000.00 in Economic Development Income Tax Fund (#408) for the
purpose of property acquisition and demolition of eight (8) units from the South Bend Housing Authority
as a part of the project to provide new housing in the proposed Eddy Knolls development area.
It is now necessary to request an increase in the previous Common Council appropriated monies due to
the discovery of asbestos covering the walls in six of the eight units. Increased demolition and abatement
standards apply due to the discovery of the asbestos which will increase the monies required to complete
the property demolition. As such, the City requests Common Council approval of an additional
appropriation in the amount of $57,027.00.
The total monies now required for this project will be $467,027.00, the originally appropriated
$410,000.00 plus the additional request $57,027.00.
The EDIT fund has sufficient cash reserves to fund this additional expenditure.
This ordinance to the Common Council at its Committee meeting and at the public hearing will be
presented by either Don Inks or Gregg Zientara.
:ity of South Bend
Fif °~ i~ Cierk'~ Gfifi~e
J U L 2 1 2010
JOEIPJ VOC~DE
CITY CLE>r"~~K, S0. B~tiD, IN.