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RESOLUTION NO. 2829
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROPRIATING MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES
OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 2011, AND ENDING DECEMBER 31, 2011, INCLUDING
ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE
SAME SHALL TAKE EFFECT
WHEREAS, the South Bend Redevelopment Commission is the leasee of certain
local public improvements which, during calendar year 2011, realize revenues and incur
expenses in connection with the operation and maintenance of the same; and
WHEREAS, the South Bend Redevelopment Commission has determined that it
is necessary to appropriate the revenues of certain public improvements in order to defray
the expenses of those local public improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. For the expenses of the South Bend Central Development Area Building
Operations Budget Fund 425 (which currently includes Leighton Plaza Retail Space,
Leighton Plaza Courtyard and Wayne Street Garage Retail Space), for the fiscal year
2011, the sums of money, as set forth in the budget which is made a part hereof, are
hereby appropriated and ordered set apart out of the funds hereinafter named, and for the
purposes hereinafter specified, subject to the laws governing the same. The sums herein
appropriated shall be deemed to include all expenditures authorized to be made in said
year, unless otherwise expressly stipulated or provided by law.
2. For the fiscal year ending December 31, 2011, the above referenced
appropriations are made within the South Bend Central Development Area Building
Operations Budget Fund.
3. This resolution shall be in full force and effect from and after its adoption.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission
held Friday, January 14, 2011, at 10:00 a.m., 1308 County-City Building 227 West
Jefferson Boulevard, South Bend, Indiana 46601
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Redevelopment Retail
Operations Budget
for Calendar Year 2011
2011
Budget
Beginning Cash @ 1/1 $145,936
Revenue:
Interest 500
Leighton Retail Revenue 128,745
Wayne Street Retail Revenue 17,000
Total Revenue 144,245
Operating Expenses:
Leighton Retail Space 114,853
Leighton Plaza 32,800
Wayne Street Retail 6,550
Total Operating Expenses 154,203
Net Operating Income (9,958)
Ending Cash @ End of Period $135,978