HomeMy WebLinkAboutTransferring $2,168,000 from WWorks Reserve fund 628 to Fund 622; approp $1,512,000 in fund 622 for Captial ExpendituresORDINANCE No. a ~_
Passed by the Common Council of the Ciry of South Bend, Indiana
Attest:
Attest:_~,_~~ ~^
Presented by me to the Mayor of the City of South Bend, Indiana
August 13 20 02
Ciry Clerk
President of Common Council
Ciry Clerk
Approved and signed by me August 15, 2p 02
,~, ~ ~~e c~~- Mayar
August 12, 2p 02
ORDINANCE NO.
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA TRANSFERRING FROM WATER WORKS BOND RESERVE FUND #628
TO WATER WORKS CAPITAL FUND #622 THE SUM OF $2,168,000 AND
APPROPRIATING $1,512,000 WITHIN WATER WORKS FUND #622
FOR CAPITAL EXPENDITURES
STATEMENT OF PURPOSE AND INTENT
The South Bend Common Council by Ordinance No. 9328-02 on May 28, 2002 released a
debt service cash reserve fund required as a condition of prior Water Works bonds issued in 1999
and 2000, and replaced this cash reserve fund with a surety. Accordingly, the Water Works Bond
Reserve Fund #628 which totals $2,168,000 is available for other use.
The Water Works Division of the Department of Public Works is in need of a portion of the
previously designated bond reserve funds in order to improve Water Works' land and building sites
and facilities, and to purchase vehicles, which capital expenditures total $1,012,000. The Water
Works Division wishes to appropriate an additional $500,000 for capital exigencies which may arise
during remaining calendar year 2002, i.e. a total of $1,512,000 in appropriated funds. Accordingly,
the total amount of the Bond Reserve Fund #628 ($2,168,000) should be transferred to Water Works
Capital Fund #622 from which Fund the sums of $1,012,000 should be appropriated for specific
capital expenditures, and the remaining $500,000 of the $1,512,000 in appropriated funds should
be retained for capital contingencies in calendar year 2002.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South
Bend as follows:
Section I. The sum of two million, one hundred sixty eight thousand dollars ($2,168,000)
is hereby transferred from Water Works Bond Reserve Fund #628 to Water Works Capital Fund
#622.
Section II. The sum of one million twelve thousand dollars ($1, 012,000) is hereby
appropriated and set aside within Water Works Capital Fund #622 to be used for the following
capital expenditures:
LAND IMPROVEMENTS:
Paint North Reservoir 50,000
AMR Units: Meter Replacement & Ramar Radio Installation Program 225,000
Recondition Well: Carnage Hills #3 20,000
Replacement Well: North Station #5 97,000
Land: Future Well Site 200,000
Total Land Improvements for Water Works
BUILDING AND BUILDING IMPROVEMENTS:
Colfax Renovation
Total Building and Building Improvements for Water Works
MOTOR VEHICLES:
Vehicles: Backhoe, Front End Loader, Trucks @ Olive
Total Motor Vehicles for Water Works
TOTAL WATER WORKS CAPITAL EXPENDITURES
592.000
70,000
70.000
350,000
350,000
1,012,000
Section III. The additional sum of five hundred thousand dollars ($500,000) is hereby
appropriated and set aside within Water Works Capital Fund #622 to be used for future capital
exigencies in calendar year 2002.
Section IV. This Ordinance shall be in full force and effect from and after its passage by the
Common Council and approval of the Mayor.
ember, South B nd ommon ouncil
1st READING ~^ LL-~~'
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'3rd READING ~"_~L.-QL
NOT APPROVED
REFERRED
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FIr~C~ 6~i C~~C~:'~ ~~~~~~'
LORETTAJ. DUDA
CRY CLER3S,~. FEED, L'3,
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
54-02 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA TRANSFERRING FROM WATER WORKS BOND
RESERVE FUND #628 TO WATER WORKS CAPITAL FUND #622
THE SUM OF $2,168,000 AND APPROPRIATING $1,512,000
WITHIN WATER WORKS FUND #622 FOR CAPITAL
EXPENDITURES
Respectfully report that they have examined the matter and that in their opinion, this bill is
being recommended to the full Council with a favorable recommendation.
Karl King
Chairman
1316 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 219/235-9251
Fax 219/235-9171
TDD 219/235-5567
CITY OF SOUTH BEND STEPHEN,J. LUECKE~ MAYOR
DEPARTMENT OF PUBLIC WORKS
GARY A. GILOT~ P.E.
DIRECTOR OF PUBLIC WORKS
July 15, 2002
Mr. Roland Kelly, President
South Bend Common Council
4`h Floor, County-City Building
South Bend, Indiana 46601
Dear Mr. Kelly:
A surety bond approved by the City Council has made $2,168,000.00 available to the South
Bend Water Works for capital improvements.
We submit the following programs for your approval at this time. It is also the intent of the
Water Works to keep $500,000.00 in reserve for the unknown situations that may happen.
Sincerely,
Sohn F. Stancati
Water Works Director
Attachment
Fi~~d fn ~'~r,~'s ~ffi~~
CIS i MK+[~iW ~J. F`~~hil~ •~, 1
ENGINEERING ENVIItONMENTAL SERVICES CENTRAL SERVICE.
CARL LITTRELL~ P.E. JOHN J. DILLON, PH.D. MATT CHLEBOWSKI
219/235-9251 219/277-8515 219/235-9316
Fax 219/235-9171 Fax 219/277-8980 FAx 219/235-9007
STREETS
SAM HENSLEY
219/235-9244
Fax 219/235-9272
WATER WORKS
JOHN F. STANCATI
219/235-9322
Fax 219/235-9728