HomeMy WebLinkAboutNo. 2043 appropriating monies for the 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. 2043
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 425 (which currently includes Leighton Plaza Retail Space and Leighton Plaza Courtyard),
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
IC 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.
SOUT D REDEVELOPMENT COMMISSION
ATTEST: Robert W. Hunt, President
Philip J. Fa cenda, Secretary
L
Fund 425
Building Operations Budgets
Original Current Actual
Budget Budget Expenses Obligations Balance
'Beginning Cash @ 1/1/04 $0 $0 $0 $0
Revenue:
Gross Potential Rent
110,735
110,735
0
0
110,735
Vacancy Loss
0
0
0
0
0
Rent Concessions
0
0
0
0
0
CAM Income
27,351
27,351
0
0
27,351
Interest Income
200
200
0
0
200
Late Fees
0
0
0
0
0
Total Revenue
138,286
138,286
0
0
138,286
Expenses:
Retail
Space:
39 -09
Admin Expenses
1,200
1,200
0
0
1,200
36 -12
Common Area Maint. - Grounds
6,800
6,800
0
0
6,800
36 -15
General Maint. - Labor
9,800
9,800
0
0
9,800
36 -13
Maint. Supervisor - Labor
6,500
6,500
0
0
6,500
23 -99
General Maint. Materials
1,440
1,440
0
0
1,440
39 -03
Management Fee
7,500
7,500
0
0
7,500
36 -14
Repair Contract
2,430
2,430
0
0
2,430
35 -03
Trash Removal
7,440
7,440
0
0
7,440
35 -01
Electric
0
0
0
0
0
31 -10
Leasing Commissions
1,226
1,226
0
0
1,226
Snow Shoveling
4,050
4,050
0
0
4,050
Sub -Total Retail Expenses
48,386
48,386
0
0
48,386
Plaza:
39 -01
Management Fee
900
900
0
0
900
39 -09
Admin Expenses
60
60
0
0
60
36 -12
Grounds Maint.
7,500
7,500
0
0
7,500
36 -12
Snow Shoveling
7,300
7,300
0
0
7,300
23-40
Ice Melt
2,150
2,150
0
0
2,150
36 -12
General & Elec. Maint.
9,120
9,120
0
0
9,120
22 -08
Bulb Allowance
900
900
0
0
900
36 -16
Landscape Contract
8,625
8,625
0
0
8,625
22 -07
Bush Replacement
1,000
1,000
0
0
1,000
22 -07
Landscape Edging
0
0
0
0
0
36 -12
Bi- Annual Power Washing
2,300
2,300
0
0
2,300
Property Mgmt.
0
0
0
0
0
Sub -Total Plaza Expenses
39,855
39,855
0
0
39,855
Reserve Fund
36,000
36,000
0
0
36,000
Total Expenses Retail & Plaza
124,241
124,241
0
0
124,241
come for Fund 425 14,045 14,045 0 0 14,045
Ending Cash @ End of Period $14,045 $14,045 $0 $0 $14,045