HomeMy WebLinkAbout9555-04 Extend Deadline for Water Leak Insurance Fund #644 Repayment of Loan Received from Water Works General Fund #620ORDINANCE No.
9555-04
Passed by the Common Council of the City of South Bend, Indiana
December 13,
Attest: ~p
Mary
Attest:
20 04
Presented by me to the Mayor of the City of South Bend, Indiana
December 14,
04
20
Ciry Clerk
President of Common Council
P•1aryBeth Wisniewski, Deputy Clerk
Approved and signed by me December 14th 20 04
~~
~~is~iiewski, Deputy Clerk
City Clerk
Mayor
ORDINANCE NO. ~S 5~ ~~~
ORDINANCE TO EXTEND DEADLINE FOR WATER LEAK INSURANCE FUND
(#644) REPAYMENT OF LOAN RECEIVED FROM WATER WORKS GENERAL
FUND (#620)
STATEMENT OF PURPOSE AND INTENT
Due to the age and deterioration of the City's water pipe system, the City experienced an
unexpected need for repair and replacement of City water lines in recent years. This unexpected cost
exceeded funds set aside and dedicated to such repair which were held in Water Leak Insurance Fund
(#644). The water user fee of $1.50 per month per user is the sole source of revenue for Fund #644
and was inadequate to cover the actual cost of water line repair/replacement in 2002-2003.
The Water Leak Insurance Fund (#644) is capable of covering the costs of water pipe
repair/replacement for 2004, but has no year-end surplus. Accordingly, it cannot pay off the loan
of $260,000 which it had received from Water Works General Fund (#620) pursuant to Common
Council authorization in December 2003 (Ordinance 9481-03). It is appropriate to extend the
deadline for repayment to the Water Works General Fund (#644) of $260,000 by the Water Leak
Insurance Fund (#620).
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL of the City of
South Bend, Indiana as follows:
Section I. The Water Leak Insurance Fund (#620) shall have until December 31, 2005 within
which to repay to the Water Works General Fund (#644) the loan of $260,000 which Fund 620
received in 2002-2003 to cover the costs of unexpected water line repair and replacement.
Section II. This Ordinance shall be in full force and effect from and after its passage by the
Common Council and approval by the Mayor.
Member, South Bend Common ouncil
Attest:
~ ~G[~'~
City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana on the ~ ~ ~ a~~ day of
2 ~~ , at L`-~~ o'clock ~l._. m.
---. ~~
City Cler
Approved and signed by me on the ~~`' day of ~~~~~~•-L , 2, at o'clock
m.
~~ ao
Mayor, City o out Bend, Indiana
1 st READING ~ 1 _~,dy
PUBLIC HEARING ~Z-~3-oy'
3 rd READING ~-L_~3.p~
NOT APPROVED
REFERRED
PASSED ~Z,-13'"~~
Filed into Cier{~'s Office
JOHN VOORDE
Cf7Y CLERK, S0. BEND, iN.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
84-04 A BILL TO EXTEND DEADLINE FOR WATER LEAK
INSURANCE FUND (#644) REPAYMENT OF LOAN
RECEIVED FROM WATER WORKS GENERAL FUND (#620)
Respectfully report that they have examined the matter and that in their opinion, this bill
is being recommended to the full Council with a favorable recommendation.
Sean Coleman
Chairman
1316 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
DEPARTMENT OF PUBLIC WORKS
GARY A. GILOT, P.E.
DIRECTOR OF PUBLIC WORKS
November 16, 2004
Ms. Karen White, President
South Bend Common Council
4`" Floor, County-City Building
South Bend, Indiana 46601
Dear Ms. White:
PHONE 574/ 235-9251
Fax 574/235-9171
TDD 574/ 235-5567
Due to the inability of the Leak Insurance Fund to pay back the $260,000 to the Water
Works General Fund by December 31, 2004, we request Common Council approval to
extend the pay back to December 31, 2005.
Sincerely,
South Bend Water works
F. Stancati
Director
ENGINEERING ENVIRONMENTAL SERVICES CENTRAL SERVICES STREETS WATER WORKS
CARL LITTRELL, P.E. JOHN J. DILLON, PH.D. MATT CHLEBOWSKI SAM HENSLEY JOHN F. STANCATI
574/235-9251 574/277-8515 574/235-9316 574/235-9244 574/235-9322
Fax 574/235-9171 Fax 574/277-8980 Fax 574/235-9007 Fax 574/235-9272 Fax 574/235-9728~~~