HomeMy WebLinkAboutAdditional Appropriation $6,000.00 "Interest on Bonds and Notes"ORDINANCE No. 5795 -75
Passed by the Common Council of the City of South Bend, Indiana.
JANUARY 27
Presented by me to the Mayor of the City of South Bend,
�9 75
IRENE K. GAMMON
JANUARY 28, 19_75
Clerk
of Common Council
Clerk
IRENE K. GAMMON
Approved and signed by
ORDINANCE N0. 5 -7 9s --;S
AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION IN
THE AMOUNT OF $6,000.00 FROM THE CUMULATIVE CAP-
ITAL IMPROVEMENT FUND, IN- OBLIGATED SURPLUS, TO
ACCOUNT NO. 0610.0 "INTEREST ON BONDS AND NOTES"
AN ACCOUNT WITHIN THE CUMULATIVE CAPITAL IM-
PROVEMENT BUDGET OF THE CIVIL CITY OF SOUTH BEND,
INDIANA.
WHEREAS, an additional appropriation of $6,000.00 is necessary
for Account No. 0610.0 "Interest on Bonds and Notes ", Cumulative Capital
Improvement Fund, in order to fulfill the interest expense obligations due
in 1975;
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City
of South Bend, Indiana;
SECTION I. That the sum of $6,000.00 be, and hereby is, approp-
riated from the Cumulative Capital Improvement Fund to Account No. 0610.0
"Interest on Bonds and Notes ".
SECTION II. This Ordinance shall be in full force and effect from
and after its adoption by the Common Council, its approval by the Mayor and
the fulfillment of all statutory requirements for additional appropriations.
1st READING
PUBLIC HEARING
2nd READING
NOT APPROVED
REFERRED
PASSED
l- 13-'75-
i- .:Z-, - '7 r
i -a' - '7 s
i -2'? --7 '
Member of the-Common-Council
FILED IN CLERK'S OFFICE
JAN 81975
Irene Gammon
CITY CLERK, SOUTH BEND, )ND,
/n 6-
CITY OF SOUTH BEND
South Bend, Indiana 46601
Jerry J. Miller
Mayor
James V. Barcome
Director, Administration and Finance
TO: Members of the Common Council
FROM: James V. Barcome
DATED: January 8, 1975
Reply To:
SUBJECT: Ordinance for additional appropriations for the CCIF interest
account
This appropriation is necessary to meet our interest obligations for 1975
for three outstanding bonds or loans. These are the interest due on the
Bonds of 1965, the Industrial Loan of 1965 and the flood control loan for
the dam of 1974. The amount on the latter was not available at the time
the CCIF budget was prepared, hence we are asking for the appropriate funds
at this time.
Thank you for your consideration in this matter.
JVB:jc
(dnmmi#ire Sport
can ike (i[nnwwn (Qounril of t4f (lliig of fond! WenA:
Your Committee of the Whole
to whom was referred
AN ORDINANCE FOR AN ADDITIONAL APPROPRIA-
TION IN THE AMOUNT OF $6,000.00 FROM THE
CUMULATIVE CAPITAL IMPROVEMENT FUND, IN
OBLIGATED SURPLUS, TO ACCOUNT NO. 0610.0,
"INTEREST ON BONDS AND NOTES ", AN ACCOUNT
WITHIN THE CUMULATIVE CAPITAL IMPROVEMENT
BUDGET OF THE CIVIL CITY OF SOUTH BEND,
INDIANA.
Respectfully report that they have examined the matter and that in their opinion the Ordinance should be
recommended favorably to the Common Council.
Odell Newburn
Chairman
vaee •eese �" .ueu sn�rv� co.