HomeMy WebLinkAboutNo. 1724 appropriating monies for purpose of defraying 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 the same shall take effectRESOLUTION NO. 1724
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 Leighton Plaza Retail Space and Plaza, 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
it 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
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 Leighton Plaza 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 ND REDEVEOPMENT COMMISSION
/ Gam/
Robert W. Hunt, President
ATTEST:
Michael Donoho, Vice - President
HAWPDATA\Resolutions\RES 1724. WPD
South Bend Redevelopment Commission - Resolution No. 1724
2000 Leighton Plaza Retail Space and Plaza Budget
Projected Cash Balance 1/1/00
Income
Gross Potential Rent
(Vacancy Loss)
(Rent Concessions)
Common Area Maintenance Income
Total Income
Expenses - Retail Space
Administrative Expenses
Common Area Maintenance Grounds
Maintenance Supervisor Labor
Common Area Maintenance
Management Fees
Pest Control
Repair Contract
Repair Materials
Trash Removal
Vacancy Electric (Non -Cam)
Vacancy Gas (Non -Cam)
Total Operating Expenses - Retail Space
Insurance (plate glass)
Total Expenses - Retail Space
Net Operating Income
Leasing Commissions
Net Income - Retail Space
Expenses - Plaza Maintenance
Daily Policing of Grounds
Snow Shoveling
Ice Melt
Replacement of Light Bulbs
Bulb Allowance
Bi- annual Power Washing of Plaza
Landscaping
Total Expenses - Plaza Maintenance
Net Operating Income - Retail Plaza
Projected Cash Balance 12/31/00
HAWPDATA\Resolutions\RES 1724. WPD
$19,243
$109,003
($38,399)
($24,390)
$10,842
$57,056
$420
$3,680
$2,400
$1,618
$5,916
$280
$600
$300
$5,400
$240
$100
$18,564
$240
$18,804
$38,252
$17,873
$20,379
$12,830
$2,075
$230
$55
$90
$1,710
$20,000
$36,990
($16,611)
$2,632