HomeMy WebLinkAboutNo. 1721 appropriating monies for purpose of defraying the expenses of certain local public improvements for fiscal year beginning 1/1/2000 ending 12/31/2000 including all outstanding claims/obligations, fixing a time when same shall take effectRESOLUTION NO. 1721
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, 2000,
AND ENDING DECEMBER 31, 2000, 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 2000, 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 Blackthorn Golf Course, for the fiscal year 2000, 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, 2000, the above referenced appropriations are
made within the Blackthorn Golf Course 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,
December 17, 1999, at 10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEN REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
Philip J. Facc d cretary
N
2000 BLACKTHORN GOLF COURSE BUDGET
INCOME
Green Fees
$954,798
Golf Carts
$245,708
Membership
$12,000
Driving Range
$53,375
Other Golf
$4,448
Instruction
$40,500
Merchandise
$200,195
Food and Beverage
$266,132
TOTAL INCOME
$1,777,156
LESS: COST OF SALES
Instruction
$35,235
Pro Shop
$136,133
Food & Beverage
$$90,485
TOTAL COST OF SALES
$261,852
NET INCOME
$1,515,304
EXPENSES
Pro Shop
$294,569
Course Maintenance
$464,498
Food & Beverage
$59,469
Administration
$238,054
TOTAL EXPENSES
$1,056,591
OPERATING INCOME
$458,713
DEBT SERVICE
February 2000
$223,000
August 2000
$223,000
TOTAL DEBT SERVICE
$446,000
NET OPERATING INCOME
$12,713