HomeMy WebLinkAboutResolution No. 3311 Appropriating Monies for Defraying Expenses of Local Public ImprovementsRESOLUTION NO. 3311
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, 2016, AND ENDING DECEMBER
31, 2016, 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 2014, realize revenues and incur expenses in
connection with the operation and maintenance of the same; and
WHEREAS, the South Bend Redevelopment Commission has determined 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 2016, 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 here 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, 2016, 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
Thursday, October 15, 2015, at 9:30 a.m., 1308 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601
SOUTH BEND REDEVELOPMENT
COMMISSION
Marcia
L_ Printed Name and Title
Varner, Vice-President
Printed Name and Title
Redevelopment Retail
Operations Budget
For Calendar Year 2016
Beginning Cash at 1/1 Estimate
Revenue:
Leighton Retail Revenue
Wayne Street Retail Revenue
Total Revenue
Operating Expenses:
Leighton Retail Space
Leighton Plaza
Wayne Street Retail
Total Operating Expense
Net Operating Income
Ending Cash at End of Period
Budget
207,285
134,665
37,338
172,003
123,402
30,300
6,704
160,406
11,597
218,882