HomeMy WebLinkAboutNo. 2088 amending resolution No. 2042, appropriating onies for purpose of defraying the expenses of certain local public improvements for fiscal year beginning 1/1/2004 ending 12/31/2004 including all outstanding claims/obligationsC9
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RESOLUTION NO. 2088
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING
RESOLUTION # 2042, WHICH APPROPRIATED 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 Street Garage Retail Space), for the fiscal year 2004, the sums of
money, as set forth in the budget as part of Resolution # 2042 are hereby
amended and ordered set apart out of the funds hereinafter named, and for the
purposes hereinafter specified, subject to the laws governing the same. The
appropriated sums herein amended 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 amended within the South Bend Central Development Area
Building Operations Budget Fund as outlined on attached.
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, September 17, 2004, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
A EST:
SOUTH BEND REDEVELOPMENT COMMISSION
a
Fund 424
Wayne Street Garage & Retail Budgets
Beginning Cash @ 1/1/03
Wayne Street Garage (424 - 1064 -460)
Revenue:
Expenses:
11 -03
Daily Parking
11-04
Monthly Parking
11 -05
Validations
11 -06
Special Events
360 -00 -00
Miscellaneous Income
Other Fringe Benefits
Reimbursement from SBCDA TIF
Ending Cash
9/3/2004/
Total Revenue
Expenses:
Adjusted
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 -05
Appraisal
31 -06
Other Professional Services
32 -02
Postage
32 -04
Telephone
34 -01
Worker's Comp
34 -02
Liability Insurance
35 -01
Electric
35 -02
Gas
35 -04
Water
36 -01
Repair & maintenance - Buildings
36 -03
Repair & maintenance - Automotive Equip.
36 -05
Repair & maintenance - Other Equip.
37 -07
Rentals - Equipment
39-40
Incentive Fee
3941
Management Fee
39 -89
Miscellaneous Charges & Services
39 -12
Security Patrol
1,200
Total Expenses
Net Income Wayne St. Garage
Wayne St Garage Retail Space (424 - 1081 -460)
Revenue:
560
36 -02
Gross Potential Rent
396
Total Revenue
Expenses:
2,868
31 -05
Appraisal
36 -01
Repair & maintenance - Buildings
39 -01
Management Fee
39 -04
Lease Commissions
40,814
Total Expenses
Net Income Wayne St Garage Retail Space
Net Income for Fund 424
20,746
Ending Cash
9/3/2004/
Proposed
Original
Adjusted
TIF Bud-get
Bud et
13,540
13,540
161,780
72,600
20,100
103,811
1,740
6,042
21,810
3,740
1,692
40
0
0
207,122
186,233
46,980
59,684
4,463
2,522
9,360
11,819
815
225
2,208
827
1,728
1,140
4,182
1,052
0
0
13,986
5,553
1,272
1,561
5,136
3,014
2,466
2,964
10,332
13,062
22,800
16,571
0
0
1,200
1,915
9,624
39,628
804
560
4,800
3,830
396
886
4,500
2,868
4,500
4,300
752
6,075
14,004
15,155
166,308
195,211
40,814
8,979
20,746
21,083
20,746
21,083
0
3,000
2,500
2,500
1,750
1,750
0
0
4,250
7,250
16,496
13,833
57,310
4,855
70,850
18,395