HomeMy WebLinkAboutNo. 2009 appropriating monies for the purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/2003 ending 12/31/2003 including all outstanding claims/obligationsRESOLUTION NO. 2009
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
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, Wayne St. Garage Retail Space and the
Palais Royale Retail Spaces), 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
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,
November 7, 2003, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOU D RjE /D /EV P�NT COMMISSION
Robert W. Hunt, President
ATTE W
ll LlG� .
Marcia I. Jones, V ; esident
• Fund 424
Building Operations Budgets
C? Cash @ 1/1/03
0
Wayne Street Garage
4,950
Revenue:
4,950
11 -04
Monthly Parking
11 -03
Visitor parking
11 -05
Validations
11 -06
Special Events
360 -00-00
Miscellaneous Income
15,000
Reimbursement from SBCDA TIF
144,995
Total Revenue
Expenses:
15,072
10 -01
Payroll
11 -01
FICA Regular
11 -08
Group Ins. - Health
11 -09
Clothing Allowance
11 -99
Other Fringe Benefits
21 -04
Other Office Supplies
22 -24
Other Operating Supplies
31 -06
Other Professional Services
32 -02
Postage
32 -04
Telephone
34 -01
Worker's Comp
34 -02
Liability Insurance
35 -01
Electric
120
Gas
35-02
Water
36 -01
Repair & maintenance - Buildings
36 -03
Repair & maintenance - Automotive Equip.
36 -05
Repair & maintenance - Other Equip.
37 -07
Rentals - Equipment
39 -12
Other Services/Security
39-40
Incentive Fee
to 39-41
Management Fee
39 -89
Miscellaneous Charges & Services
4,500
Total Expenses
Net Income
Wayne St. Garage
Wayne St. Garage Retail Space
Revenue:
(28,621)
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
Palais Royale Retail Space
Revenue:
Cumulative Revenue
Total Revenue
Expenses:
Cumulative Expenses
Total Expenses
Net Income Palais Royale Retail Space
Net Income for Fund 424
Ending Cash @ 12/31/03
Original Increase Revised
Budget (Decrease) Budget
$18,106 0 $18,106
139,425
0
139,425
4,950
.0
4,950
0
0
8,337
200
0
200
420
0
420
0
15,000
15,000
144,995
15,000
159,995
49,920
10,080
60,000
5,150
0
5,150
3,999
4,338
8,337
240
0
240
2,700
(1,200)
1,500
324
1,176
1,500
1,008
1,492
2,500
15,072
(15,072)
0
1,200
(75)
1,125
2,340
0
2,340
1,456
1,044
2,500
12,000
4,000
16,000
20,004
0
20,004
0
0
0
1,080
0
1,080
10,020
5,480
15,500
120
880
1,000
3,000
18,500
21,500
102
98
200
26,496
(9,971)
16,525
2,615
0
2,615
4,500
0
4,500
4,500
0
4,500
167,846
20,770
188,616
(22,851)
(5,770)
(28,621)
17,044 0 17,044
17,044 0 17,044
2,500 0 2,500
1,750 0 1,750
0 0 0
4,250 0 4,250
12,794 0 12,794
0 0 0
0 0 0
0
2,279
2,279
0
2,279
2,279
0
(2,279)
(2,279)
(10,057)
(8,049)
(18,106)
$8,049
($8,049)
$0