HomeMy WebLinkAboutNo. 2042 appropriating monies for purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/2004 ending 12/31/2004 including all outstanding claims/obligations fixing a time when the same shall take effectRESOLUTION NO. 2042
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, 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 St. Garage Retail
Space), for the fiscal year 2004, 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, 2004, 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,
February 20, 2004, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST
Philip J. Faccen , ecretary
1-4
SO=Z-
Robert OP NT COMMISSION
W. Hunt, President
Ling Cash @ 1/1/04
Wavne Street Garage
Revenue:
11 -04
11 -03
11 -05
11 -06
360 -00 -00
c
Expenses:
10 -01
11 -01
11 -08
11 -09
11 -99
21 -04
22 -24
31 -06
32 -02
32 -04
34 -01
34 -02
35 -01
35 -02
35 -04
36 -01
36 -03
36 -05
37 -07
39 -40
39 -41
39 -89
39 -12
Fund 424
Building Operations Budgets
Original Current Actual
Budget Budget Expenses Obligations Balance
$13,540 $13,540 $0 $1,397 $13,540
Monthly Parking
161,780
161,780
0
0
161,780
Visitor parking
20,100
20,100
0
0
20,100
Validations
1,740
1,740
0
0
1 ,740
Special Events
21,810
21,810
0
0
21,810
Miscellaneous Income
1,692
1,692
0
0
1,692
Reimbursement from SBCDA TIF
0
0
0
0
0
Total Revenue
207,122
207,122
0
0
207,122
Payroll
46,980
46,980
0
0
46,980
FICA Regular
4,463
4,463
0
0
4,463
Group Ins. - Health
9,360
9,360
0
0
9,360
Clothing Allowance
815
815
0
0
815
Other Fringe Benefits
2,208
2,208
0
0
2,208
Other Office Supplies
1,728
1,728
0
0
1,728
Other Operating Supplies
4,182
4,182
0
0
4,182
Other Professional Services
13,986
13,986
0
0
13,986
Postage
1,272
1,272
0
0
1,272
Telephone
5,136
5,136
0
0
5,136
Worker's Comp
2,466
2,466
0
0
2,466
Liability Insurance
10,332
10,332
0
0
10,332
Electric
22,800
22,800
0
0
22,800
Gas
0
0
0
0
0
Water
1,200
1,200
0
0
1,200
Repair & maintenance - Buildings
9,624
9,624
0
0
9,624
Repair & maintenance - Automotive E
804
804
0
0
804
Repair & maintenance - Other Equip.
4,800
4,800
0
0
4,800
Rentals - Equipment
396
396
0
0
396
Incentive Fee
4,500
4,500
0
0
4,500
Management Fee
4,500
4,500
0
0
4,500
Miscellaneous Charges & Services
752
752
0
0
752
SECURITY PATROL
14,004
14,004
14,004
Total Expenses
166,308
166,308
0
0
166,308
Net Income Wayne St. Garage
Wayne St. Garage Retail Space
Revenue:
36 -02 Gross Potential Rent
Total Revenue
Expenses
40,814 40,814 0 0 40,814
20,746 20,746 0 0 20,746
20,746 20,746 0 0 20,746
36 -01 Repair & maintenance - Buildings
2,500
2,500
0
0
2,500
39 -01 Management Fee
1,750
1,750
0
0
1,750
39 -04 Lease Commissions
0
0
0
0
0
Total Expenses
4,250
4,250
0
0
4,250
Net Income Wayne St. Garage Retail Space
16,496
16,496
0
0
16,496
come for Fund 424
En ing Cash @ 12/31/04
57,310 57,310 0 0 57,310
$70,850 $70,850 $0 $1,397 $70,850