HomeMy WebLinkAboutNo. 1479 appropriating monies for purpose of defraying the expenses of certain local public improvements for fiscal year beginning 1/1/97 ending 12/31/97 including all outstanding claims/obligations, fixing a time when the same shall take effectr% w
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RESOLUTION NO. 1479
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING 7!IE EXPENSES OF CERTAIN LOCAL
PUBLIC IMPROVEMENTS FOR THE FISCAL AAR BEGINNING JANUARY 1, 1997
AND ENDING DECEMBER 31, 1997 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 calender year 1997, 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:
I . For the expenses of the Blackthorn Golf Course and its various divisions, for the fiscal
year 1997, 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, 1997, 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 20, 1996 at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUT END REDEVELOPM NT COMMISSION
Paula /V. Auburn, President
ATTEST:
tllliam P. Hoj , Se etary
South Bend Redevelopment Commission - Resolution No. 1479
1997 Blackthorn Golf Course Budget
INCOME
Green Fees 975,591
Other Pro Shop (Range, Equip Rental) 73,238
Golf Carts 295,415
Pro Shop Concession (Net Income) 69,568
Food & Beverage Concession (Net Income) 148,491
TOTAL INCOME 1,562,303
EXPENSES
Pro Shop
269,136
Golf Carts
82,684
Restaurant
67,161
Course Maintenance
519,043
Administration
198,664
TOTAL EXPENSES
1,136,688
OPERATING INCOME
425,615
DEBT SERVICE
February 1997
180,500
August 1997
180,500
TOTAL DEBT SERVICE
361,000
NET OPERATING INCOME
64,615