HomeMy WebLinkAboutTransferring $202,000 Among Various Accounts division of Community Development ORDINANCE No. 7535-85
Passed by the Common Council of the City of South Bend, Indiana
October 28,19 85
(2-1
Attest: ` City Clerk
IRENE K. GAMMON
Attest: President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 29, 19 85
City Clerk
IRENE K. GAMMON
Approved and signed by me OC%6'"-`'„ 2 5 19 �S
Mayor
BILL NO.
ORDINANCE NO. 7 3 "-I.s
AN ORDINANCE TRANSFERRING $202, 000 AMONG VARIOUS
ACCOUNTS WITHIN THE DIVISION OF COMMUNITY 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 need
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:
SECTION I . The sum of $202, 000 . 00 is hereby transferred among
accounts as set forth below:
Reduce the following accounts:
Project No. Description Amount
CD 84-302 El Campito Rehab $50, 000
CD 85 Unspecified Local Option $152 , 000
TOTAL $202 , 000
Increase the following accounts:
Project No. Description Amount
CD 85-302 El Campito Rehab $125, 000
CD 85-601 Redevelopment Admin/Proj . Mgmt. 35 , 000
CD 85-1100 Community Development Mgmt. /Planning 42 , 000
TOTAL $202 , 000
SECTION II . This ordinance shall be in full force and effect
from and after its passage by the Common Council and approved by the
Mayor.
Member o t e • o'Council
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DIVISION OF COMMUNITY PLANNING
AND DEVELOPMENT 1200 County-City Building
South Bend,Indiana 46601
(219)284-9335
Donald E. Inks
Director
October 7 , 1985
South Bend Common Council
4th Floor
County-City Building
South Bend, IN 46601
Dear Council Member:
The attached appropriation bill submitted for your consideration and
approval will transfer $202, 000 from two accounts to increase the
appropriations in three accounts.
It is proposed El Campito Rehab be increased to $125, 000 by adding
$75, 000 from Unspecified Local Option to the existing 50, 000
appropriated in 1984 . To administer this project more efficiently
the 1984 account is being reduced to zero, with the total $125, 000
being shown as a 1985 appropriation. Of this total, $90, 000 will be
in the form of a grant, and $35, 000 as a loan with the terms to be
negotiated. -
It is also proposed to increase Redevelopment Administration/Project
Management and Community Develoment Management/Planning by $35, 000
and $42, 000 respectively. This does not represent an increase in
either budget as proposed at the beginning of the year. It is only
to appropriate those funds expected to be received by the end of
1985 for the provision of staff services via contracts with the
Business Development Corporation ($35, 000) and the Urban Enterprise
Association ($42, 000) .
Should you have any questions or require additional information
please contact me at 284-9335 .
Looking forward to your favorable action on the proposed bill , I
remain
Sincerely,
Dona d E. Inks
Director
cc: Jon Hunt
DEI :fm
flnmmtttn *Wort
Ulu the Ulnntmnn Ulounril of Or tliitg of'oath Fend:
Your Committee of the Whole
to whom was referred
BILL NO.
122-85 A BILL TRANSFERRING $202, 000 AMONG VARIOUS ACCOUNTS WITHIN
THE DIVISION OF COMMUNITY DEVELOPMENT.
Respectfully report that they have examined the matter and that in their opinion
This bill should be recommended to the Council favorable
Joseph T. Serge
Chairman
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