HomeMy WebLinkAboutNo. 2115 amending resolution #2088, appropriated monies for purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/04 and ending 12/31/04 including all outstanding claims/obligations, fixing time when take effect0 RESOLUTION NO. 2115
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING
RESOLUTION # 2088, WHICH APPROPRIATED MONIES FOR THE PURPOSE OF
DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE
FISCAL YEAR BEGINNING JANUARY 1, 2004, AND ENDING DECEMBER 31, 2004,
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 2004, 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 Street Garage Retail Space), for the fiscal year 2004, the sums of
money, as set forth in the budget as part of Resolution # 2042 are hereby
amended and ordered set apart out of the funds hereinafter named, and for the
purposes hereinafter specified, subject to the laws governing the same. The
appropriated sums herein amended 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, 2004, the above referenced
appropriations are amended within the South Bend Central Development Area
Building Operations Budget Fund as outlined on attached.
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, December 17, 2004, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
ATTTEST:
Robert W. Hunt, Secretary.
•
SOUTH BEND REDEVELOPMENT COMMISSION
4'10zr� \�_� �_
Marcia I. Jones P esident
C
E
E
Total Revenue 20,746 21,083 20,723
Expenses:
Original
Current
Requested
31 -05
Appraisal
Budget
Budget
Budget
36 -01
Repair & maintenance - Buildings
13,540
13,540
13,540
Garage (424- 1064 -460)
Management Fee
1,750
1,750
Revenue:
39 -04
Lease Commissions
0
0
11 -03
Daily Parking
161,780
72,600
73,402
11 -04
Monthly Parking
20,100
103,811
102,567
11 -05
Validations
1,740
6,042
7,681
11 -06
Special Events
21,810
3,740
3,640
Miscellaneous Income
1,692
40
186
Reimbursement from SBCDA TIF
0
0
0
Total Revenue
207,122
186,233
187,476
Expenses:
10 -01
Payroll
46,980
59,684
62,691
11 -01
FICA Regular
4,463
2,522
2,795
11 -08
Group Ins. - Health
9,360
11,819
13,162
11 -09
Clothing Allowance
815
225
230
11 -99
Other Fringe Benefits
2,208
827
772
21 -04
Other Office Supplies
1,728
1,140
1,140
22 -24
Other Operating Supplies
4,182
1,052
1,800
31 -06
Other Professional Services
13,986
5,553
4,900
32 -02
Postage
1,272
1,561
1,637
32 -04
Telephone
5,136
3,014
3,360
34 -01
Worker's Camp
2,466
2,964
2,964
34 -02
Liability Insurance
10,332
13,062
16,244
35 -01
Electric
22,800
16,571
16,571
35 -04
Water
1,200
1,915
2,198
36 -01
Repair & maintenance - Buildings
9,624
39,628
40,500
36 -03
Repair &maintenance - Automotive Equip.
804
560
780
36 -05
Repair & maintenance - Other Equip.
4,800
3,830
3,817
37 -07
Rentals - Equipment
396
886
325
39 -12
Security Patrol
14,004
15,155
24,500
39 -40
Incentive Fee
4,500
2,868
3,600
39- 41 &39 -01
Management Fee
4,500
4,300
4,850
39 -89
Miscellaneous Charges & Services
752
6,075
6,059
Total Expenses
166,308
195,211
214,895
Net Income Wayne St. Garage
40, -814
(8,978)
(27,419)
rage Retail Space (424- 1081 -460)
Revenue:
36 -02
Gross Potential Rent
20,746
21,083
20,723
Total Revenue 20,746 21,083 20,723
Expenses:
31 -05
Appraisal
0
3,000
3,000
36 -01
Repair & maintenance - Buildings
2,500
2,500
1,401
39 -01
Management Fee
1,750
1,750
1,750
39 -04
Lease Commissions
0
0
0
Total Expenses
4,250
7,250
6,151
Net Income
Wayne St. Garage Retail Space
16,496
13,833
14,572
,r Fund 424
57310
4.855
(12.8471
70,850 18,395 693