HomeMy WebLinkAboutNo. 1815 appropriating monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning 1/1/2001 ending 12/31/2001 including all outstanding claims/obligationsa._ '% .
14
RESOLUTION NO. 1815
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, 2001,
AND ENDING DECEMBER 31, 2001, 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 2001, 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 Michigan St Shops and Leighton Plaza Courtyard - Fund 425, for
the fiscal year 2001, 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, 2001, the above referenced appropriations are
made within the Michigan St Shops and Leighton Plaza Courtyard Fund - Fund 425.
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,
February 2nd, 2000, at 10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
F_77�1. —
Secretary
SOUT7E3EEDEVELOPMENT COMMISSION
Robert W. Hunt, President
« ''South Bend Redevelopment Commission - Resolution No. 1815
2001 Michigan Street Shops and Leighton Courtyard Budget - Fund 425
Item Budget
GCash Balance 01/01/2001 (Est.) $10,978
Transfer from Fund 420 $0
Beginning Balance $10,978
Income
360-00 -00 Gross Potential Rent
Vacancy Loss
Rent Concessions
360 -00-00 CAM Income
Total
Total Income (Beginning Balance + Income Total)
Expenses
Retail Space
39-09 Administrative Expenses
36-12 Common Area Maintenance - Grounds
36-15
General Maintenance - Labor
36-13
Maintenance Supervisor Labor
23-99
General Maintenance Materials
39-03
Management Fees
36-14
Repair Contract
35-03
Trash Removal
35-01
Vacancy Electric (non -cam)
3405
Insurance (Plate Glass)
Plaza
39-01
Management Fee
36-12
Grounds Maintenance
36-12
Snow Shoveling
23-40
Ice Melt
36-12
Replacement of Light Bulbs
22 -08
Bulb Allowance
36-16
Landscape Contract
22 -07
Bush Replacement
22 -07
Landscape Edging
36-12
Bi- Annual Power Washing
G
Cash Flow Items
Reserve Fund
Total
Total
Total
Total Expenses
Total Revenue, Income - Expenses
$102,725
($2,365)
(516,752)
$18,143
$101,751
$112,729
$900
$8,000
$600
$5,020
$900
$5,916
$600
$4,320
$1,000
$240
$27,496
$300
$14,650
$4,900
$1,000
$420
$600
$7,500
$1,000
$2,280
$950
$33,600
$12,000
$12,000
$73,096
$39,633