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Home My WebLink About2015 Transpo BudgetORDINANCE No. 10324 -14 Passed by the Common Council of the City of South Bend, Indiana Attest: October 13, 20 14 City Clerk me to the Mayor of the City of South Bend, Indiana October 14, 20 14 President of Common Council Approved and signed by me l) ( � 20 / fE� City Clerk ORDINANCE NO. LD 3 4 —( Y AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION'S 2015 BUDGET AND LEVYING THE TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015 Pursuant to Indiana law, the South Bend Public Transportation Corporation is required to submit its proposed budget and tax levy to the Common Council of the City of South Bend for adoption. Specifically, Indiana Code § 6- 1.1 -17 -20 requires that the South Bend Public Transportation Corporation, as a political subdivision governed by a majority of unelected officials, submit its proposed budget and property tax levy to the Common Council of the City of South Bend. Pursuant to Indiana Code § 6- 1.1- 17- 20(e), the Common Council of the City of South Bend is required to review the South Bend Public Transportation Corporation's budget and proposed tax levy and adopt a final budget and tax levy for the South Bend Public Transportation Corporation. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: SECTION 1. The South Bend Public Transportation Corporation's budget for the year ending December 31, 2015 in the sum of $12,380,685.00, as shown on Budget Form 4 -A, filed with the Common Council on August 27, 2014, is appropriated, adopted, approved and ordered set apart out of the several funds herein named and for the purposes herein specified, subject to the laws governing the same. Such sums herein appropriated shall be held to include all expenditures authorized to be made during the year, unless otherwise expressly stipulated and provided for by law. In addition, for the purpose of raising revenue to meet the necessary ex nses of the South Bend Public Transportation Corporation, a total property tax levy of $3,9 0,443.00 and a total tax rate of 0.1137 as shown on Budget Form 4 -B are also appropriate ved and adopted. SECTION 2. This Ordinance shall be in full force and a an after yfs passage by the Common Council of the City of South Bend and a r b or. / Bend Common Council Attest: City Presented by me to the Mayor of the City of South Bend, Indiana on the —T (day of ( `J -,D�Ow 2014, at LL'. &D o'clock A. m City Verk, Deputy Approved and signed by me on the !` -day of Off., C)6,y- , 2014, at � �, o'clock, -.m i sl READING g -Z { t PUBLIC HEARING "L—LZ_( I 3rd READING LO-43--N NOT APPROVED EFERRED PASSED, LID Mayor, Cit So end, Indiana Filed III -� Vice 20 ZU14 CITY CLERK, 3DilTlr FIEND, IN TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 46 -14 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION'S 2015 BUDGET AND LEVYING THE TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015 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. This bill was heard by the Personnel & Finance Committee. Valerie Schey Chairperson, Committee of the Whole � ® o trans / p south bend public transportation corporation Via Hand Delivery August 20, 2014 Mr. Oliver Davis President - City of South Bend Common Council County - City Building - Room 400S South Bend, IN 46601 Dear President Davis: Enclosed please find an original and several copies of: AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND PUBLIC TRANSPORTATION CORPORTATION'S 2015 BUDGET AND LEVYING THE TAX AND FIXING THE RATE OF T14E TAXATION FOR THE PURPOSE OF RAISING REVNUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015 Due to a recent enactment of Indiana law, Transpo is required to submit its proposed budget and tax levy to the City of South Bend Common Council (the "Council ") for adoption by the Council. Specifically, Indiana Code § 6- 1.1 -17 -20 requires that Transpo, as a political subdivision governed by a majority of unelected officials, submit its proposed budget and property tax levy to the Council for adoption. Pursuant to I.C. § 6- 1.1- 17- 20(e), the Council should review Transpo's budget and proposed tax levy and adopt a final budget and tax levy for Transpo. I.C. § 6- 1.1 -17 -3 sets forth the publication requirements relating to the Council's adoption of Transpo's budget and levy. Pursuant to this code section, the first publication of Transpo's budget must occur by September 5, 2014 and the second publication must be made by September 12, 2014. Transpo's Board of Directors will vote to approve the budget and levy after it is formally adopted by the Council. Transpo's Board of Directors will vote to approve the budget and levy at Transpo's regularly scheduled monthly Board meeting on October 20, 2014. Transpo's budget was filed with the Common Council on August 20, 2014. Transpo will present this Ordinance to the Council by its Controller, Christopher Kubaszak. Tranpso's General Counsel, Jamie C. Woods, may also attend along with Members of Transpo's Board of Directors. On behalf of Transpo's Board of Directors, the Council's assistance in this budget process is greatly appreciated. Sincerely, David Cangany General Manager, South Bend Public Transportation Corporation Filed IsR -, @ 4014 JOHN V00RUS CITY CLERK, SOUTH BEND, IN (574) 232 -9901 • FAX (574) 239 -2309 • 1401 South Lafayette Blvd • South Bend, IN 46613 a