HomeMy WebLinkAbout6C (11)� C_C O
yourH B
Community & Economic Development��``�''�,
1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021
To: Redevelopment Commission
From: Staff — Debrah Jennings
Subject: Resolution 2985 — Blackthorn Golf Course
Date: December 13, 2011
Resolution 2985 is appropriating monies for the operations budget of Redevelopment Retail
properties and Leighton Plaza beginning January 1, 2012 and ending December 31, 2012. Also, for
the setting and publication of a Public Hearing on January 24, 2011.
Staff recommends approval.
MEMO 2.doc What We Do Today Makes A DN%remm t
Redevelopment Retail
Operations Budget
For Calendar Year 2012
2011
Budget
Beginning Cash @ 1/1 Estimate 99,443
Revenue:
Interest 500
Leighton Retail Revenue 82,376
Wayne Street Retail Revenue 27,282
Total Revenue 110,158
Operating Expenses:
Leighton Retail Space 96,471
Leighton Plaza 33,918
Wayne Street Retail 10,888
Total Operating
Exp. 141,277
Net Operating Income (31,119)
Ending Cash @ End of Period 68,324