HomeMy WebLinkAboutNo. 1949 appropriating monies for purpose of defraying the expenses of certain local public improvements for fiscal year beginning 1/1/2003 ending 12/31/2003 including all outstanding claims/obligationsle-
RESOLUTION NO. 1949
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, 2003,
AND ENDING DECEMBER 31, 2003, 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 2003, 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 2003, 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, 2003, the above referenced appropriations are
L 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,
February 7, 2003, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTE!!� '
SOUTH BEND REDEV OPMENT COMMISSION
Marcia Jones, Vice Pr i nt
s
t Fund 424
Building Operations Budgets
,..,.ginning Cash @ 1/1/03
ne Street Garage
Revenue:
11 -04 Monthly Parking
11 -03 Visitor parking
11 -05 Validations
11 -06 Special Events
360 -00-00 Miscellaneous Income
Reimbursement from SBCDA TIF
Total Revenue
Net Income Wayne St. Garage
Wayne St. Garage Retail Space
Revenue:
36 -02 Gross Potential Rent
Total Revenue
Expenses:
36 -01 Repair & maintenance - Buildings
39 -01 Management Fee
39 -04 Lease Commissions
Total Expenses
Net Income Wayne St. Garage Retail Space
Net Income for Fund 424
Ending Cash @ 12/31/03
14
01/01/03
Original Current Actual
Budget Budget Expenses Obligations Balance
$18,106 $18,106 $0 $0 $18,106
139,425
Expenses:
0
0
10 -01
Payroll
4,950
11 -01
FICA Regular
4,950
11 -08
Group Ins. - Health
0
11 -09
Clothing Allowance
200
11 -99
Other Fringe Benefits
0
21 -04
Other Office Supplies
420
22 -24
Other Operating Supplies
420
31 -06
Other Professional Services
0
32 -02
Postage
144,995
32 -04
Telephone
0
34 -01
Worker's Comp
15,072
34 -02
Liability Insurance
15,072
35 -01
Electric
0
35 -02
Gas
2,340
35 -04
Water
0
36 -01
Repair & maintenance - Buildings
1,456
36 -03
36 -05
Repair & maintenance - Automotive Equip.
Repair & maintenance - Other Equip.
1,456
37 -07
Rentals - Equipment
0
39-40
Incentive Fee
20,004
39-41
Management Fee
0
39 -89
Miscellaneous Charges & Services
0
0
SECURITY PATROL
0
1,080
Total Expenses
Net Income Wayne St. Garage
Wayne St. Garage Retail Space
Revenue:
36 -02 Gross Potential Rent
Total Revenue
Expenses:
36 -01 Repair & maintenance - Buildings
39 -01 Management Fee
39 -04 Lease Commissions
Total Expenses
Net Income Wayne St. Garage Retail Space
Net Income for Fund 424
Ending Cash @ 12/31/03
14
01/01/03
Original Current Actual
Budget Budget Expenses Obligations Balance
$18,106 $18,106 $0 $0 $18,106
139,425
139,425
0
0
139,425
4,950
4,950
0
0
4,950
0
0
0
0
0
200
200
0
0
200
420
420
0
0
420
0
0
0
0
0
144,995
144,995
0
0
144,995
49,920
49,920
0
0
49,920
5,150
5,150
0
0
5,150
3,999
3,999
0
0
3,999
240
240
0
0
240
2,700
2,700
0
0
2,700
324
324
0
0
324
1,008
1,008
0
0
1,008
15,072
15,072
0
0
15,072
1,200
1,200
0
0
1,200
2,340
2,340
0
0
2,340
1,456
1,456
0
0
1,456
12,000
12,000
0
0
12,000
20,004
20,004
0
0
20,004
0
0
0
0
0
1,080
1,080
0
0
1,080
10,020
10,020
0
0
10,020
120
120
0
0
120
3,000
3,000
0
0
3,000
102
102
0
0
102
2,615
2,615
0
0
2,615
4,500
4,500
0
0
4,500
4,500
4,500
0
0
4,500
26,496
26,496
26,496
167,846
167,846
0
0
167,846
(22,851) (22,851) 0 0 (22,851)
17,044 17,044 0 0 17,044
17,044 17,044 0 0 17,044
2,500 2,500 0 0 2,500
1,750 1,750 0 0 1,750
0 0 0 0 0
4,250
4,250
0
0
4,250
12,794
12,794
0
0
12,794
(10,057)
(10,057)
0
0
(10,057)
$8,049
$8,049
$0
$0
$8,049