HomeMy WebLinkAbout6B(12)&(13) Res. 2829
RESOLUTION NO. 2829
A RESOLUTION OF THE OUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE XPENSES 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 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.
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 Tuesday,
February 8, 2011, at 10:00 aan. 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 126,745
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 156,203
Net Operating Income (11,958)
Ending Cash @, End of Period $133,978
F:IDATAISHAREIECOh'DEl'IOrdinnnces Resolu~ioris12011 Appropriation OrdslPub Hig Notice Res 2829 2011 Fund 425 Appr•ops.doc