HomeMy WebLinkAboutNo. 2215 appropriate monies to defray expenses of certain local public improvements for fiscal year beginning 1/1/2006 ending 12/31/2006 including all outstanding claims and obligations (Wayne St. Garage and Retail Space)RESOLUTION NO. 2215
40 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,
2006, AND ENDING DECEMBER 31, 2006, INCLUDING ALL
OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN
THE SAME SHALL TAKE EFFECT
•
WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local
public improvements which, during calendar year 2006, 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 424 (which currently includes Wayne St. Garage, and the Wayne St. Garage Retail
Space), for the fiscal year 2006, 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, 2006, 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 Friday,
January 20, 2006, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ATTEST:
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, dent
or o cretary
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Net Income Wayne St. Garage 36,050
Wayne St. Garage Retail Space
Fund 424
Revenue (424.1081.360):
SBCDA Building Operations
9 480
Total Revenue
Wayne Street Garage & Retail Budgets
Expenses (424.1081.460):
for Calendar Year 2006
0
36 -01 Repair & maintenance - Buildings
14,200
Original
1,800
39 -04 Lease Commissions
Budget
Beginning Cash @ 1/1/06
23,584
$54,128
Wayne Street Garage
Revenue (424.1064.360):
11 -03
Daily Parking
7,805
11 -04
Monthly Parking
186,913
11 -05
Validations
6,300
11 -06
Special Events
1,300
Miscellaneous Income
0
Reimbursement from SBCDA TIF
0
Total Revenue
202,318
Expenses (424.1064.460):
10 -01
Payroll
50,570
11 -01
FICA Regular
4,579
11 -08
Group Ins. - Health
12,288
11 -09
Clothing Allowance
550
11 -99
Other Fringe Benefits
1,000
21 -04
Other Office Supplies
1,500
22 -24
Other Operating Supplies
1,980
31 -06
Other Professional Services
17,430
32 -02
Postage
1,860
32 -04
Telephone
3,300
34 -01
Worker's Comp
2,787
34 -02
Liability Insurance
11,496
35 -01
Electric
15,000
35 -04
Water
2,700
36 -01
Repair & maintenance - Buildings
21,000
36 -03
Repair & maintenance - Automotive Equip:
1,320
36 -05
Repair & maintenance - Other Equip.
4,200
37 -07
Rentals - Equipment
3,276
39-40
Incentive Fee
4,632
39 -41
Management Fee
4,800
39 -89
Miscellaneous Charges & Services
0
Total Expenses
166,268
Net Income Wayne St. Garage 36,050
Wayne St. Garage Retail Space
Revenue (424.1081.360):
36 -02 Gross Potential Rent
9 480
Total Revenue
9,480
Expenses (424.1081.460):
31 -05 Appraisal
0
36 -01 Repair & maintenance - Buildings
14,200
39 -01 Management Fee
1,800
39 -04 Lease Commissions
7,584
Total Expenses
23,584
Net Income Wayne St. Garage Retail Space (14,104)
Net Income for Fund 424 21,946
Ending Cash $76,074
F:\ DATA\ SHARE \ECONDEV\FPM \Budgets \TIFFUND 424.xls12/29/2005