HomeMy WebLinkAbout8477-94 Appropriating $785,520 Sewage Works Bond Fund Chippewa Basin Construction lokvIN x4
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ORDINANCE NO. 21/7 7- 99
AN ORDINANCE APPROPRIATING $785,520.00 FROM THE
SEWAGE WORKS BOND FUND AND THE WASTEWATER
GENERAL REVENUE FUND FOR THE CHIPPEWA BASIN
CONSTRUCTION PROJECT.
STATEMENT OF PURPOSE AND INTENT:
In the best interest of public health and safety it is necessary to construct this retention
basin. This basin will primarily aid in the prevention of flooding as well as pervention of
sanitary sewer surcharging. The funds are available from Wastewater/Sewage Works Bond
and Revenue Funds.
NOW THEREFORE, BE IT ORDAINED THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA AS FOLLOWS:
Section I: The following sum of money is hereby appropriated and ordered set apart
from the Sewage Works Bond Fund (FUND 645), and the Wastewater Revenue Fund (FUND
642) for the project in the amount set forth below:
FUND NO. SOURCE AMOUNT
645 Sewage Works Bond Fund $ 530,000.00
642 Wastewater General Revenue $ 255,520.00
(Construction)
TOTAL AMOUNT NEEDED FOR PROJECT $ 785,520.00
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.
Me ' s of the Common/1%1 it
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Your Committee
to whom was referred of the Whole
BILL NO.
24-94 SECOND READING ON A BILL APPROPRIATING $785,520. 00 FROM
THE SEWAGE WORKS BOND FUND AND THE WASTEWATER GENERAL
REVENUE FUND FOR THE CHIPPEWA BASIN CONSTRUCTION PROJECT.
Respectfully report that they have examined the matter and that in their opinion
This bill has been recommended to the Council favorable.
Roland Kelly
Chairman
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City of South Bend
3,4�.\Ence�� s .r
S � � Z..• Joseph E. Kernan, Mayor
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Department of Public Works
John E. Leszczynski, Director
January 24, 1994
Members of the Common Council
4th Floor, County-City Building
South Bend, Indiana 46601
Dear Council Members:
The Department of Public Works is requesting your favorable consideration of the
attached ordinance appropriating funds from the Sewage Works Bond Fund, and from the
Wastewater General Revenue Fund to the Chippewa Basin and Sewer Construction Project.
Primarily, funds from the Wastewater Bond, as well as interest earned on the
investment of these funds will be utilized, totaling approximately $ 530,000.00. These funds
are available as a result of the recent refinancing of the Wastewater Bond Issue. Due to your
solid fiscal stewardship, we were able to secure AAA bond rating on the refinancing, enabling
us to free up this funding. The remaining necessary funds of$255,520 will come from
Wastewater's General Revenue Account for Construction. These combined funds totaling
$785,520 will fund construction for the Chippewa Basin and Sewer Project.
If you have any questions please contact me at your convenience. Thank you for your
consideration.
Sincerely,
ilia/,. ziks,,r.o....rA, r
John E. Leszczynski, Director
Department of Public Works
Attachment
Coupty-City Building • South Bend, Indiana 46601 • 219/235-9251
Engineering Environmental Services Equipment Services Transportation Water Works
Carl Littrell, P.E. John J. Dillon, Ph.D. Matt Chlebowski Sam Hensley John F. Stancati
235-9251 277-8515 235-9316 235-9444 235-9322
FAX (219) 235-9171 FAX (219) 277-8980 FAX (219) 235-9007 FAX (219) 235-9272 FAX(219)235-9728