HomeMy WebLinkAboutNo. 1930 appropriating monies for purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/2002 ending 12/31/2002 including all outstanding claims/obligations, fixing a time when the same shall take effectRESOLUTION NO. 1930
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, 2002,
AND ENDING DECEMBER 31, 2002, 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 2002, 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, Wayne St. Garage Retail Space and the
Palais Royale Retail Spaces), for the fiscal year 2002, 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, 2002, the above referenced appropriations are
made within the South Bend Central Development Area Building Operations Budget Fund.
This resolution shall be in full force and effect from and after its adoption.
Adopted at the special meeting of the South Bend Redevelopment Commission held Friday,
December 30, 2002, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ATT T
Philip J. Faccenda, Sec e
SOUT REDEVELOPMENT COMMISSION
Robert W. Hunt, President
4V
30- Dec -02
Fund 424
Building Operations Budgets
Beginning Cash @ 1/1/02
Wayne Street Garage
Revenue:
11 -04
Monthly Parking
11 -03
Visitor parking
11 -05
Validations
11 -06
Special Events
360 -00 -00
Miscellaneous Income
1,788
Reimbursement from SBCDA TIF
Total Revenue
Expenses:
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 -06 Other Professional Services
32 -02 Postage
32 -04 Telephone
34 -01 Worker's Comp
34 -02 Liability Insurance
35 -01 Electric
Gas
35 -02 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
39 -41 Management Fee
39 -89 Miscellaneous Charges & Services
Total Expenses
Net Income Wayne St. Garage
12/23/02
Original Current Actual
Budget Budget Expenses Obligations Balance
$11,658 $11,658 $11,658 ($29,703) ($29,703)
132,000
120,000
110,915
0
9,085
3,600
4,800
4,495
0
305
0
2,100
1,788
0
312
200
0
0
0
0
420
0
0
0
0
0
36,480
0
0
36,480
136,220
163,380
117,198
0
46,182
45,108
67,000
59,385
0
7,615
4,635
6,000
0
0
6,000
2,160
3,500
8,298
0
(4,798)
240
0
0
0
0
2,460
460
90
0
370
324
1,000
904
0
96
1,800
1,700
1,501
0
199
22,402
0
0
0
0
1,200
1,060
998
0
62
2,340
2,500
2,193
0
307
1,536
2,500
2,300
0
200
6,300
12,900
11,429
0
1,471
18,960
24,500
24,392
0
108
0
100
85
0
15
1,080
1,020
944
0
76
8,460
32,989
30,817
0
2,172
120
740
706
0
34
120
5,700
4,954
0
746
102
380
329
0
51
2,615
380
675
0
(295)
4,500
4,500
4,500
0
0
4,920
4,000
3,293
0
707
131,382
172,929
157,793
0
15,136
23,195
25,661
23,286
0
2,375
4,838
(9,549)
(40,595)
0
31,046
Wayne St. Garage Retail Space
Revenue:
0
26
26
0
0
36 -02 Gross Potential Rent
13,678
15,958
13,932
0
2,026
Total Revenue
13,678
15,958
13,932
0
2,026
Expenses:
0
47
39
0
8
36 -01 Repair & maintenance - Buildings
5,300
1,500
480
0
1,020
39 -01 Management Fee
1,200
1,200
1,000
0
200
39 -04 Lease Commissions
479
0
0
0
0
Total Expenses
6,979
2,700
1,480
0
1,220
Net Income Wayne St. Garage Retail Space
6,699
13,258
12,452
0
806
Palais Royale Retail Space
300
1,427
1,131
0
296
Revenue:
50
272
236
0
36
36 -02 Gross Potential Rent
0
554
554
0
0
360 -20 -00 Common Area Maintenance Income
0
0
0
0
0
Reimbursement from Palais
0
9,740
9,514
0
226
Total Revenue
0
10,294
10,068
0
226
Expenses:
21 -04 Misc. - Office
0
26
26
0
0
22 -24 Other Operating Supplies
50
90
61
0
29
'�- 36 -13 Repair & Maint. - Maint. Supervisor Labor
550
2,584
2,365
0
219
32 -02 Postage
0
47
39
0
8
32 -04 Telephone
0
27
27
0
0
32 -06 Copy & Fax
0
118
97
0
21
356 -12 Common Area Maint. - Grounds
0
1,186
1,101
0
85
36 -17 Repair & Maint. - Electrical labor
500
0
0
0
0
36 -15 Repair & Maint. - Gen'I Maint. Labor
700
4,720
3,933
0
787
36 -18 Repair & Maint. - Mechanical Labor
300
1,427
1,131
0
296
36 -20 Repair & Maint. - Mileage
50
272
236
0
36
36 -19 Repair & Maint. - Plumbing Labor
39 -03 Management Fee
50
1,700
0
5,204
0
4,354
0
0
0
850
36 -11 Repair & Maint. - Exterminating
95
0
0
0
0
36 -14 Repair & Maint. - Repair contract
400
120
120
0
0
23 -99 Other Repair & Maint. Supplies
100
100
56
0
44
35 -01 Electric
15,000
7,914
7,914
0
(0)
35 -02 Gas
3,500
1,198
1,198
0
(0)
35 -04 Water
200
628
628
0
0
Total Expenses
23,195
25,661
23,286
0
2,375
Net Income Palais Royale Retail Space
(23,195)
(15,367)
(13,219)
0
(2,148)
Net Income for Fund 424
(11,658)
(11,658)
(41,361)
0
29,703
Ending Cash @ 12/31/02
$0
$0
($29,703)
($29,703)
$0
File: Fund424