HomeMy WebLinkAboutNo. 2156 appropriating monies for the purpose of defraying expenses of certain local public improvements for the fiscal year beginning 1/1/05 and ending 12/31/05, including all outstanding claims/obligations fixing a timeRESOLUTION NO. 2156
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMM|BS|DNAPPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL
PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY i.2OU5.
AND ENDING DECEMBER 31.20D5. INCLUDING ALL OUTSTANDING CLAIMS AND
OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
vvnEREA5.the 5outh Bend Redevelopment Commission is the lessee of certain
local public improvements which, during calendar year 2005, 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 d
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 nf the South Bend Central Development Area Building
Operations Budget—Fund 425 (which currently includes Leighton Plaza Retail Space and
Leighton Plaza Courtyard), for the fiscal year 2005, 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 31.2UO5. the above referenced
appropriations are made within the South Bend Central Development Area Building Operations
Budget Fund.
3, This resolution shall bein full force and effect from and after its adoption.
Adopted at the regular meeting of the South Bend Redevelopment Commission held
Friday, April 15, 2005, at 10:00e.nn, 1308 County-City Building, 227 West Jefferson Bmu|evond,
South Bend, Indiana 48801.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST: Marcia I. Jones,(-Pr/esident
Ki
rl'G. Kin i resident
. ^
Fund 425
Building Operations Budgets
Original Current Actual
Budget Budget Expenses Obligations Balance
Beginning Cash g1/1/O5 105.068 105.066 O 105.068
Gross Potential Rent
113.668
113.688
U
O
113.688
Vacancy Loss
0
0
U
O
O
Rent Concessions
O
0
0
O
O
CAM Income
30'000
30.000
O
0
30.000
Interest Income
200
300
O
O
200
Late Fees
U
0
O
0
O
Total Revenue
143,868
143,868
O
0
143,868
Expenses:
Retail Space:
39-09
AdminExpenwyn
1,200
1,200
O
O
1.200
86-12
CommonAneoyWaird. - Groundu
7.360
7.360
O
0
7.300
36'15
General K4oinL'Labor
10.600
10.000
0
0
10.600
26-13
K4ainL Supervisor 'Labor
6.500
0.500
O
0
6.500
23'99
General yWainLMaterials
2.090
2.000
U
O
2.000
39-03
Management Fee
7`500
7.500
O
0
7.500
36-14
Repair Contract
2.430
2.430
0
0
2.430
35-03
Trash Removal
7.000
7'800
0
0
7.800
35-01
Beobio
0
0
D
O
D
30-12
Snow Shoveling
4.050
4.050
O
0
4.050
81-05
Appraisals
1.750
1.750
0
O
1.750
31'10
Leasing Commissions
3.176
3.176
0
O
3.176
Bad Debt
0
O
0
0
O
Sub-Total Retail Expenses
54,456
54,456
O
U
54,456
Plaza:
39-01
Management Fee
900
900
O
U
900
39-08
AdminExpemaeo
GO
OO
O
0
SO
36-12
GnoundaMeinL
7'500
7.500
O
O
7.500
30'12
Snow Shoveling
7.800
7.300
O
O
7.300
23'40
Ice Melt
2.150
2.150
O
0
2.150
36'12
General & Electrical Main.
9.120
8.120
O
O
9.120
22'08
Bulb Allowance
800
SUO
8
O
900
36-16
Landscape Contract
8.825
8.625
O
O
8.025
22~07
Bush Replacement
1.000
1.000
U
0
1.000
22-07
Landscape Edging
U
O
0
0
O
86-12
Bi-Annua| Power Washing
2.300
2,300
U
U
2.300
PropedyK4gmL
0
O
0
D
0
Sub-Total Plaza Expenses
39,855
39,855
0
� 0
39,855
Reserve Fund - Capital Expenditures
36000
36000
0
O
36,000
Total Expenses Retail &Plaza
130,311
130,311
O
D
130,311
et Income for Fund 425
13,557
13,577
0
0
13,577
Ending Cash @ End ofPeriod
118,623
118623
0
0
118623