HomeMy WebLinkAboutTranferring $250,000.00 Accounts within Division of Community Development ORDINANCE No. 7498-85
Passed by the Common Council of the City of South Bend, Indiana_
July 22, �9 85
Attest: ,¢ ��°-� City Clerk
IRENE K. GAMMON
Attest: .'. `.• _ _ _ - n %1 A President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 23, i9 85
p _t_e' it City Clerk
IRENE K. GAMMON
Approved and signed by me j t(. 23 j i9___
r
77 Mayor
BILL NO.
ORDINANCE NO. 7 yfe 63,s
AN ORDINANCE TRANSFERRING $250, 000 . 00 AMONG
VARIOUS ACCOUNTS WITHIN THE DIVISION OF
COMMUNITY DEVELOPMENT
STATEMENT OF PURPOSE AND INTENT:
Since the preparation of the 1985 Community
Development program additional projects have become a priority
for the community. In order to assure that priorities are
addressed, a transfer among accounts is necessary.
NOW, THEREFORE, BE IT ORDAINED by the Common
Council of the City of South Bend, Indiana:
SECTION I . The sum of $250 , 000 . 00 is hereby
transferred among accounts as set forth below:
Reduce the following accounts:
Project No. Description Amount
CD85-605 East Bank Development Area $121 ,078 . 00
CD85-607 Central Business District 128 , 922 .00
TOTAL $250,000 . 00
Increase the following accounts:
Project No. Description Amount
CD85-610 Stanley Coveleski Regional $250 ,000 . 00
Stadium
SECTION II. No costs will be incurred nor funds
expended for any of the activities in this ordinance prior to an
official release of funds being 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
approved by the Mayor.
Member of the Co ' on ouncil
Qlnmmtttrr &port
On the Qlnntmnn QIounril of Or (Mg of'nuth rnd:
Your Committee of the Whole
to whom was referred
BILL NO.
85-85 A BILL TRANSFERRING $250,000.00 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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