HomeMy WebLinkAboutNo. 1735 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 same shall take effectr
RESOLUTION NO. 1735
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:
AWN 1. For the expenses of the South Bend Central Development Area Building Operations, 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 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 South Bend Central Development Area Building Operations Fund.
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 4, 2000, at 10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
V,/,// Z"'—x
Robert W. Hunt, President
ATTEST:
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Michael Donoho, Vice-President
HAW PDATA \Resolutions \RES 1735.wpd
,South Bend Redevelopment Commission - Resolution No. 1735
2000 South Bend Central Development Area Building Operations Budget
Cash Balance 1/1/00 $0
ransfer from Fun-4 420 $3,434
. eginning Balance $3,434
Income
$137,854
Wayne Garage Parking
Monthly Parking
$136,800
Visitor Parking
$9,380
Validations
$20,590
Miscellaneous Income
$420
Total Parking Income
$167,190
Wayne Garage Retail Space
$545
Gross Potential Rent
$22,041
(Vacancy Loss)
($3,673)
Total Wayne Retail Income
$18,368
Palais Royale Retail Space
$3,768
Gross Potential Rent
$38,016
(Vacancy Loss)
($14,754)
Total Palais Royale Retail Income
$23,262
Total Income
$208,820
�xpenses
$137,854
Wayne Garage Parking
Salaries & Wages
$54,549
Vacation Accrual
$2,182
Payroll Taxes
$5,853
Worker's Comp
$1,655
Health & Welfare
- $4,091
Employee Relations
$545
Uniforms
$545
401 K
$300
Insurance - PLPD
$2,532
Insurance - GKLL
$3,768
Rent Equipment
$120
Rent - Auto & Truck
$408
Auto Truck Expense
$120
Repairs & Maintenance
$10,800
Utilities
$17,800
Telephone
$504
Materials & Supplies
$2,100
Postage
$504
Data Processing
$216
Forms & Printing
$1,621
Outside Contract Services
$22,020
Management Fees
$4,500
Management Incentive Fees
$1,121
Total Parking Expenses
$137,854
Wayne Garage Retail Space
Maintenance
$200
Management Fees
$1,200
Total Wayne Retail Expenses
$1,400
Palais Royale Retail Space
Utilities
$27,813
Repairs & Maintenance
$38,765
Property Management
$6,422
Total Palais Royale Retail Expenses
$73,000
Total Expenses $212,254
Net Operating Income ($3,434)
Projected Cash Balance 12/31/00 $0