HomeMy WebLinkAbout9907-09 Amending Chapter 2, Article 14, to establish one additional fund namely, fund #454ORDINANCE No. 9907-09
Passed by the Common Council of the City of South Bend, Indiana
February 23, 2009
Attest:
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
February 24, 2009
City Clerk
President of Common Council
City Clerk
Approved and signed by me February 2 5 , Zp 0 9
~~~~" ~~`___---_-~ Mayer
BILL NO. 12-09
ORDINANCE NO. 9907-09
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA, AMENDING THE SOUTH BEND MUNICIPAL CODE AT
CHAPTER 2, ARTICLE 14, TO ESTABLISH ONE ADDITIONAL FUND
NAMELY, FUND NO. 454, AIRPORT ECONOMIC DEVELOPMENT
AREA/URBAN ENTERPRISE ZONE SPECIAL ZONE FUND
STATEMENT OF PURPOSE AND INTENT
This ordinance amends the South Bend Municipal Code at Chapter 2, Article 14
by adding a new Section 2-170.13. This establishes the statutory fund contemplated by
IC 36-7-14-39(g} for the deposit and disbursement of Tax Increment Financing dollars
attributable to excess property tax proceeds derived from parcels located in the Airport
Economic Development Area that are also located in the Urban Enterprise Zone.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, as follows:
SECTION I. Chapter 2, Article 14 of the South Bend Municipal Code is hereby
amended to add a new Section 2-170.13 to read in its entirety as follows:
Sec. 2-170.13 Airport Economic Development Area/Urban Enterprise Zone Special
Zone Fund.
(a) The Airport Economic Development Area/Urban Enterprise Zone
Special Zone Fund (#454) is established within the City of South Bend to
receive property tax proceeds derived from parcels located in the Airport
Economic Development Area that are also located in the Urban Enterprise
Zone, as provided and permitted by Indiana law (I.C. 36-7-14-39(g)).
(b) All sums of money collected and deposited in this Fund shall be
available for appropriation by the South Bend Redevelopment
Commission and used for programs in job training, job enrichment and
basic skill development that are designed to benefit residents and
employers in the Urban Enterprise Zone and for other purposes permitted
by and consistent with IC 36-7-14-39 and other applicable Tax Increment
Finance State Law.
(c) Any and all interest earned on monies deposited in the Airport
Economic Development Area /Urban Enterprise Zone, Special Zone Fund
shall remain in the Fund to be used for the permitted purposes of the Fund.
(d) Any monies remaining at the end of the fiscal year shall not revert to
the General Fund or any other Fund.
SECTION II. This Ordinance shall be in full force and effect from and after its passage
by the Common Council and approval by the Mayor.
<-
Member ofthe Common Council
Presented by me to the Mayor of~ the City of South Bend, Indiana, on the Z~~ day of
}-e~~.o.,,~ , 2009, at (`.5~.~ o'clock ~. m.
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City C rk ~
Approved and signed by me on the ~ day of ~ , 2009, at /' 2 :30
o'clock. m.
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Mayor, City So Bend, Indiana
1st READWG Z'~l~ O~
PUBLIC HEARWG Z-Z3-off
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Filed Irt Ciel'Ic'~ C~~Eee
FEB - 4 2009
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CfTY CLcr,h, Sq. ETD, IN.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
12-09 A BILL OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, AMENDING THE SOUTH BEND
MUNICIPAL CODE AT CHAPTER 2, ARTICLE 14, TO
ESTABLISH ONE ADDITIONAL FUND NAMELY, FUND
NO. 454, AIRPORT ECONOMIC DEVELOPMENT AREA/
URBAN ENTERPRISE ZONE SPECIAL ZONE FUND
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.
Ann Puzzello
Chairperson, Committee of the Whole
1200 COUNTY-CITY BUILDING
227 W JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 4660 1-1 830
PHONE 574/235-9371
FAx 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY HL ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
February 2, 2009
South Bend Common Council
Fourth Floor Council Chambers
400 County-City Building
South Bend, IN 46601
Dear Council Member:
The attached bill for your consideration and approval will create a new fund for the
deposit of excess proceeds derived from parcels located in the Airport Economic
Development Area that are also located in the Urban Enterprise Zone. These funds will
be used for programs in job training, job enrichment and basic skill development
primarily for residents and employers in the Urban Enterprise Zone.
If you have any question regarding this bill, please call me at 235-9330. I will present
this bill at the February 23, 2009 committee and Council meetings.
Sincerely,
.~
'zabe Leonard
Director
Financial and Program Management
cc: Don Inks
John March
Filed in Clerk's Qf~ice
FEB-42009
JOHN SO BEND, tN.
C17Y CLERK,
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT R~~
574!235-9660 5741235-9371 ELIZABETH LEONARD ll~~/JJ11~,,
FAX: 574/235-9697 574/235-9371 (~~