HomeMy WebLinkAboutTransferring $110,168 Among Various Accounts Department of Economic Development ORDINANCE No. 8069-90
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Passed by the Common Council of the City of South Bend, Indiana
February 26, 90
Is;
1.4-1,ce
Attest: City Clerk
IRENE K. GAMMON
Attest: a,„,„_ President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 27, 90
City Clerk
IRENE K. GAMMON
Approved and signed by me `7-r2eiv15
Mayor
SUBSTITUTE BILL NO.
Q 112-89
ORDINANCE NO. 80 Q- l n
AN ORDINANCE TRANSFERRING $110,168
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, certain 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 $110,168.00 is hereby transferred among accounts as
set forth below.
Reduce the following accounts:
Project No. - Description Amount
CD89-607 SBCDA Revolving Loan Fund $ 95,000.00
CD88-201 Code Enforcement Management & Inspection 8,232.00
CD87-603 NBDC Revolving Loan 6,936.00
TOTAL $110,168.00
Increase the following accounts:
Project No. Description Amount
CD90-601 Redevelopment Administration $ 50,000.00
CD90-1100 Community Development Administration 60,168.00
TOTAL $ 110,168.00
SECTION II. No costs will be incurred or funds expended for any 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.
Member of the Co n Counci ■14" 1
UTH 4 \1'
i '6 ;�� '�' f. d City of South Bend
_ ,
/// y?• 11•r.a / Joseph E. Kernan, Mayor
Department of Economic Development
Jon R. Hunt Ann E. Kolata
Executive Director Deputy Executive Director
February 20, 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 is a
substitute for the 1990 Community Development Block Grant transfer
bill which was tabled in November 1989. This bill is in accordance
with the figures discussed at the HRED Committee meeting on
February 15th.
If you have any questions regarding this bill, please call me.
Sincerely,
e.it '
eth Leonard .
Director
Financial and Program anagement
cc: Jon Hunt
John March
Marcia Townsend
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