HomeMy WebLinkAboutNo. 2136 determining to appropriate monies for purpose of defraying expenses of certain local public improvements for fiscal year beginning Jan. 1, 2005 and ending Dec. 31, 2005 including all outstanding claims/obligations, fixing a time">W A e
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RESOLUTION NO. 2136
A RESOLUTION OF THE SOUTH REND REDEVELOPMENT COMMISSION DETERMINING
TO APPROPRIATE 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 Conunission 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 Blackthorn Golf Course and its various divisions, 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
Blackthorn Golf Course Fund.
3. A hearing on the appropriation of funds as herein described is set for Friday, February 18, 2005 at 10:00
a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
4. 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, February 18, 2005 at
10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601
AT7S
Robert W. Hunt, Secretary
SOUTH BEND REDEVELOPMENT COMMISSION
K 4r. King, Vi e *rnt
2005 BLACKTHORN GOLF COURSE BUDGET
0
OPERATING REVENUE:
Green Fees
Golf Carts
Membership
Driving Range
Other Golf
Instruction
Merchandise
Food and Beverage
Transfer of Funds from TIF
TOTAL REVENUE
LESS: COST OF SALES
Pro Shop
Food & Beverage
TOTAL COST OF SALES
TOTAL OPERATING REVENUE
LESS COST OF SALES
*ERATING EXPENSES:
Pro Shop
Course Maintenance
Food & Beverage
Administration
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
CAPITAL & DEBT SERVICE:
Capital Expenses
Debt Service
TOTAL CAPITAL & DEBT SERVICE
9
$719,439
271,173
65,650
51,870
91,926
9,000
209,774
287,912
344,500
2,051,244
136,353
92,132
228,485
,,82-2,759
404,676
469,845
51,335
238,352
,1,164,208
$658,551
$46,204
689,000
$735,204