HomeMy WebLinkAbout6. A (21) & (22) Res 2543RESOLUTION NO. 2543
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL
PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2009,
AND ENDING DECEMBER 31, 2009, INCLUDING ALL OUTSTANDING CLAIMS AND
OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local public
improvements which, during calendar year 2009, realize revenues and incur expenses in connection with the
operation and maintenance of the same; and
WHEREAS, the South Bend Redevelopment Commission has determined that it is necessary to
appropriate the revenues of certain public improvements in order to defray the expenses of those local public
improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. For the expenses of the South Bend Central Development Area Building Operations Budget
Fund 425 (which currently includes Leighton Plaza Retail Space, Leighton Plaza Courtyard and Wayne Street
Garage Retail Space), for the fiscal year 2009, the sums of money, as set forth in the budget which is made a part
hereof, are hereby appropriated and ordered set apart out of the funds hereinafter named, and for the purposes
hereinafter specified, subject to the laws governing the same. The sums herein appropriated shall be deemed to
include all expenditures authorized to be made in said year, unless otherwise expressly stipulated or provided by
law.
2. For the fiscal year ending December 31, 2009, the above referenced appropriations are made
within the South Bend Central Development Area Building Operations Budget Fund.
3. This resolution shall be in full force and effect from and after its adoption.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission held Friday, January
16, 2009, at 10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, President
AT'T'EST:
Nancy N. King, Secretary
Fund 425
Redevelopment Retail
Building Operations Budget
for Calendar Year 2009
2009
Budget
Beginning Cash @ 1l1 (est.)
Cash in City Accounts $122,877
Cash with Fiscal Agent 13,988
Total Cash @ 1/1 136,865
Revenue (425.0000):
General Maint. - Materials
361 -00 -00 Interest Income (City Cash)
0
Total Revenue on City Cash
0
Leighton Retail Revenue (425.1081):
Leasing Commissions
362 -00 -00 Gross Potential Rent
109,567
360 -00 -00 CAM Income
40,585
Miscellaneous Income
0
361 -00 -00 Interest Income
1,744
Total Revenue with Fiscal Agent
151,896
Wayne Street Retail Revenue (425.1083)':
Supervisor - Labor
362 -00 -00 Gross Potential Rent
22,752
360 -00 -00 CAM Income
0
Miscellaneous Income
0
361 -00 -00 Interest Income
0
Total Revenue Wayne St. Retail
22,752
TOTAL REVENUE
174,648
Expenses:
Leighton Retail Space (425.1081.460):
23 -99
General Maint. - Materials
3,350
31 -05
Appraisals
0
31 -10
Leasing Commissions
1,708
35 -01
Utilities
330
35 -03
Trash Removal
4,236
36 -12
Common Area Maint. - Grounds
27,456
36 -13
Supervisor - Labor
7,068
36 -14
Repair Contract
0
36 -15
General Maint. - Labor
13,450
39 -02
Mileage
1,020
39 -03
Management Fee
7,836
39 -09
Admin Expenses
1,800
39 -89
Real Estate Taxes
19,552
42 -02
Capital Improvements
17,000
Sub -Total Leighton Retail Expenses
104,806
Leighton Plaza (425.1082.460):
22 -07 Landscaping Materials 0
22 -08 Supplies 0
23 -99 Repair & Maint. Supplies 804
36 -12 Common Area Maint. - Grounds 40,135
36 -16
Landscape Contract
3,675
39 -01
Management Fee
975
39 -09
Admin Expenses
0
39 -64
Property Management
3,500
Sub -Total Leighton Plaza Expenses
49,089
Wayne Street Retail (425.1083.460)':
39 -01 Management Fee 2,550
Lease Commissions 0
39 -64 Repairs & Maintenance 0
Sub -Total Leighton Plaza Expenses 2,550
Reserve Fund 15,000
Total Expenses Retail & Plaza 171,445
Net Income for Fund 425 3,203
Ending Cash @ End of Period $140,068