HomeMy WebLinkAboutCommon Council Authorizing Deposit of Various Non-Tax Revenue Monies into Fund 209Attest:
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RESOLUTION
3529 -05
Passed by the Common Council of the City of South Bend, Indiana
October 24, 05
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Presented by me to the Mayor of the City of South Bend, Indiana
October 25, 05
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City Clerk
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President of Common Council
City Clerk
Approved and signed by me lOctober 28, 20 05
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RESOLUTION NO. 3 S 2_c� - �)S
A RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA AUTHORIZING DEPOSIT OF
VARIOUS NON -TAX REVENUE MONIES INTO FUND 209
WHEREAS, the South Bend Common Council established Fund 209 by Ordinance #9214 -01
for the deposit and disbursement of federal grants received or receivable by the City for use within
the Studebaker / Oliver Plan Revitalization Project; and
WHEREAS, the City anticipates receipt of proceeds from Allied Products in settlement of a
lawsuit for environmental damage at the Oliver Stamping Plant; and
WHEREAS, it is appropriate that any lawsuit settlement proceeds be deposited into Fund 209
because such funds are not tax revenues and are more analogous to grant funds, and because they
should be used to further the Studebaker / Oliver Plan Revitalization Project; and
WHEREAS, the City may in the future receive other, similar funds which are non -tax
revenues such as Indiana state grants funds, private donations, gifts, etc., which are appropriate to
deposit in Fund 209.
NOW, THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA AS FOLLOWS:
Section I. All monies received by the City of South Bend from its lawsuit against Allied
Products for environmental damage at the Oliver Stamping site shall be deposited into Fund 209 and
used for the established purposes of that Fund.
Section H. The City of South Bend administration is and shall be authorized to deposit into
Fund 209 any non -tax revenue funds which may be received in the future for the specific, designated
purposes of Fund 209, which such funds may be Indiana state grants funds, private donations, gifts,
refunds, or similar non -tax revenue.
Section III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
PRESENTED
NOT APPROVED
a,DOPTED kO -0_0O
Memb r, South Bend Co on Council
Red in t;ferk's office
OCT 88 2005
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
05 -127 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA AUTHORIZING DEPOSIT OF
VARIOUS NON -TAX REVENUE MONIES INTO FUND 209
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.
Karen L. White
Chairman
1200 COUNTY -CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
NoNE 574/ 235-9371
FA 574/235 -9021
TDD 574/235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
October 17, 2005
South Bend Common Council
Fourth Floor Council Chambers
400 County City Building
South Bend, IN 46601
Dear Council Members:
The South Bend Common Council previously adopted Ordinance No. 9214 -01 establishing Fund
209 for deposits and disbursement of Federal Grants related to the Studebaker /Oliver Project.
Presently we will be receiving funds in settlement of a lawsuit with Allied Products related to
environmental conditions at the former stamping plant. We request your immediate action on
this resolution which will allow the funds to be placed in Fund 209. The attached resolution also
will broaden the types of funds that can be placed into Fund 209 to include state grants, lawsuit
settlements and other non -tax revenues that are designated for the project. All funds deposited
into Fund 209 will be used solely for the Studebaker /Oliver project.
Andy Laurent will attend the Council meeting. Please call me at 235 -9374 if you have any
questions.
Sincerely,
Ann E. Kolata
Senior Redevelopment Specialist
Filed YIE Ol; r.'� office
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0V -S-o-
CtPI CLERK
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGF WT
5741235 -9660 574/235 -9371 ELIZAEETTH LEONARD
FAX: 574/235 -9697 574/235 -9371
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