HomeMy WebLinkAboutTransferring $627,312 Various Accounts Department of Economic Development ORDINANCE No. 8075-90
9
Passed by the Common Council of the City of South Bend, Indiana
February 26, 90
'9
Attest: City Clerk
IRENE K. GAMMON
Attest: A .‘A t A
400. President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 27, 90
'9
City Clerk
IRENE K. GAMMON
Approved and signed by me 72-2a/v/2 4 ig
Mayor
BILL NO.
ORDINANCE NO. S075"(710
AN ORDINANCE TRANSFERRING $627,312
AMONG VARIOUS ACCOUNTS WITHIN THE
DEPARTMENT OF ECONOMIC DEVELOPMENT
STATEMENT OF PURPOSE AND INTENT:
In order to assure the efficient and timely utilization of Community
Development Block Grant Funds and that the immediate needs of specific
activities are met, transfers among accounts are necessary.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The sum of $627,312 is hereby transferred among accounts as set
forth below.
Reduce the following accounts:
Project No. Description Amount
CD87-603 NBDC Loan 30,776
CD88-610 Studebaker Corridor 1,739
CD88-605 West Washington/Chapin Business
Assistance 80,082
CD88-203 NCE Clean-up 619
CD88-202 Demolition 3,601
CD89-606 Economic Development Capital Fund 95,000
CD89-203 Demolition 3,130
CD89-106.4 Monroe Park Housing 374
CD89-106.2 NHS Acq./Rehab 5,308
CD89-1100 CD Administration 83,810
0090 Program Income 319,352
CD89 Contingency 3,521
TOTAL $627,312
Increase the following accounts:
Project No. Description Amount
CD90-301 Hansel Center Day Care Rehab 15,000
CD90-606 Chapin Commercial Development 90,000
CD90-107 Women's Crisis Shelter Acquisition 50,000
CD90-1100 CD Administration 7,000
CD90-101 BOH Administration 50,000
CD90-108 Housing Development Fund 250,000
CD89 Program Income 165,312
TOTAL $627,312
SECTION II. No costs will be incurred or funds expended for any of the
activities in this ordinance prior to an official release of funds received
from the United States Department of Housing and Urban Development as may be
required.
SECTION III. This ordinance shall be in full force and effect from and
after its passage by the Common Council and approval by the Mayor.
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Department of Economic Development
Jon R. Hunt Ann E. Kolata
Executive Director Deputy Executive Director
February 13, 1990
South Bend Common Council
Fourth Floor Council Chambers
400 County-City Building
South Bend, IN 46601
Dear Council Member:
The attached bill for your consideration and approval will
reprogram $627, 312 in Community Development Block Grant funds into
the following accounts.
1. $15, 000 for repairs to Hansel Center's day care facilities
within the West Washington neighborhood.
2. $90, 000 for commercial development on Chapin Street to be
carried out by South Bend Heritage Foundation.
3 . $50, 000 to assist in the acquisition of a new Women's
Crisis Shelter through the Y.W.C.A.
4. $7, 000 to Community Development administration for
contract with Historic Preservation for administrative
services on historic property issues.
5. Transferring $50, 000 from Community Development
administration into Bureau of Housing administration.
6. Establishing a Housing Development Fund, in the amount of
$250, 000, as a funding source for eligible programs
developed through the Mayor's Housing Forum.
1200 County-City Building • South Bend, Indiana 46601 • 219/284-9371 Fax 219/284-9892
Redevelopment Economic Development Housing Rehabilitation Financial & Program Human Rights
Ann Kolata & Business Assistance Kathryn Baumgartner Management Cynthia Love-Bush
284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355
284-9335 284-9475 284-9335
7. Balance out the 1989 Program Income account. $165, 312 in
program income was expected and appropriated but will not
be received until 1990.
If you have any questions regarding this Bill, please call me.
Sincerely,
Er zabeth Leonard
erector
f Financial and Program Management
cc: Jon Hunt
Don Inks
John March
Marcia Townsend
Enclosure
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