HomeMy WebLinkAboutNo. 2155 appropriating monies for 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. 2155
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, 2005,
AND ENDING DECEMBER 31, 2005, 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 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 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 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, 2005, 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, April
15, 2005, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601.
ATTEST:
r1 G. g V'c. President
11
SOUTH BEND REDS OPMENT COMMISSION
Marcia I. Jon , President
Ending Cash @ 12/3105 16,500 16,500 0 0 16,500
Fund 424
Building
Operations
Budgets
Original
Current
Actual
Budget
Budget Expenses
Obligations
Balance
Beginning Cash @ 1/1/05
0.324
8`324
O
2.473
5.051
Wayne Street Garage (424'1064'400)
Revenue:
11-03
Daily Parking
7`615
7.015
0
O
7`615
11-04
Monthly Parking
180.880
108.880
0
O
108.880
11'05
Validations
7.750
7^756
O
U
7.758
11'08
Special Events
1.300
1.300
O
O
1.300
360-00'00
Miscellaneous Income
U
V
O
0
U
Reimbursement from SBCDAT|F
0
U
O
V
O
Total Revenue
185,551
185,551
Expenses:
10'01
Payroll
70.752
78.752
0
0
70.752
11-01
FICA Regular
6.851
6.951
O
O
5.951
11'08
Group Ins. -Health
10.16*
10.164
o
n
10.164
11'09
Clothing Allowance
550
550
O
0
550
11'-99
Other Fringe Benefits
1.180
1.180
O
0
1.180
21-04
Other Office Supplies
1.740
1.740
V
O
1.740
22-24
Other Operating Supplies
1.740
1.740
0
O
1.740
81'05
Appraisal
0
O
0
U
O
31'06
Other Professional Services
8.784
8.784
O
O
8.784
32-02
Postage
1.800
1^060
0
0
1.800
32-04
Telephone
3.300
3.300
O
U
3.300
34'01
Worker's Comp
4.231
4.231
0
O
4.231
34'02
Liability Insurance
10.092
10.082
0
O
10.092
35-01
35-04
Electric
Water
18.000
3.000
18.000
3.000
0
O
0
U
18.000
3.000
36'01
Repair & maintenance 'Buildings
10.800
10.800
0
O
16.800
56'03
Ropeir&muintenanoe - AxtomoVv
U
O
0
O
0
30-05
Repair & maintenance ' Other Equ
4.200
4.200
0
O
4'200
37-07
Rerto|m - Equipm*nt
2.892
2.882
0
O
2.882
39'40
Incentive Fee
2.956
2.950
0
O
2.950
39'41
Management Fee
4.000
4.800
O
0
4.000
38-89
Miscellaneous Charges &Gemioe-,
gO
80
0
0
90
39'12
Security Patrol
2,473
2,473
O
2,473
0
Total Expenses
183,155
Net Income Wayne St. Garage
2,396
2,396
0
0
4,869
Wayne St. Garage Retail Space (424-1081-400)
Revenue:
30'02
Gross Potential Rent
13.680
13.080
O
O
13.080
Total Revenue
13,680
13,680
0
V�
Expenses:
31-05
Appraisal
O
0
O
D
U
36-01
Repair & maintenance 'Buildings
3.600
3.000
O
D
3.600
39'01
Management Fee
1.800
1.800
O
U
1.800
38'04
Lease Commissions
2,500
Total Expenses
7,900
7,900
0
T -�
Net Income Wayne St. Garage Retail Space
5,780
��0�rv*u Income for Fund
424
8,176
8176
0
0
8,176
Ending Cash @ 12/3105 16,500 16,500 0 0 16,500