HomeMy WebLinkAboutNo. 2404 appropriating monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 2008 and ending December 31, 2008, including all outstanding claims and obligations, fixing a time when
RESOLUTION NO. 2404
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL
o PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2008,
AND ENDING DECEMBER 31, 2008, 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 2008, 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 2008, 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, 2008, the above referenced appropriations are made
within the South Bend Central Development Area Building Operations Budget Fund. -
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, December
7, 2007, 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
ATTEST:
egory S. Downes, Secretary
Revised 12/4/07
Fund 425
Redevelopment Retail
Building Operations Budget
for Calendar Year 2008
Beginning Cash @ 1/1 (est. for 2008)
Cash in City Accounts
Accounts Receivable -City Accounts
Accounts Receivable -Wayne St. Retail
Cash with Fiscal Agent
Total Cash @ ilt
Revenue (425.0000):
Due from Other Funds
361-00-00 Interest Income (City Cash)
Total Revenue on City Cash
Leighton Retail Revenue (425.1081):
362-00-00 Gross Potential Rent ~
360-00-00 CAM Income
Miscellaneous Income
367-00-00 Interest Income
Sub-total Revenue
Wayne Street Retail Revenue (425.1063):
362-00-00 Gross Potential Rent
360-00-00 CAtd Income
Miscellaneous Income
361-00-00 Interest Income
Sub-total Revenue
TOTAL REVENUE
Leighton Retail Space (425.1081.460):
23-99 General Malnt -Materials
31-05 Appraisals
31-10 Leasing Commissions
35-01 Electric
35-02 Gas
35-03 Trash Removal
35-04 Water/Sewer
36-12 Common Area Mainl. -Grounds
36-13 Supervisor-Labor
36-14 Repair Contract
36-15 General Maint. -Labor
39-02 Mileage
39-03 Management Fee
39-09 Admin Expenses
39-89 Misc. Charges (Real Estate Taxes)
42 02 Capital - Bwlding5
Sub-Total Expenses
Leighton Plaza (425.1082.460):
22-07 Landscaping Materials
22-08 Supplies
23-99 Repair 8 Maint. Supplies
36-12 Common Area Maint. -Grounds
36-16 Landscape Contract
39-01 Management Fee
39-09 Admin Expenses
39-64 Property Management
Sub-Total Expenses
Wayne Sfreet Retail (425.1083.460)':
39-01 Management Fee
39-04 Lease Commissions
39-64 Repairs & Maintenance
Sub-Total Expenses
Reserve Fund
Total Expenses Retail 8 Plaza
Net Income for Fund 425
Net Changes in Assets & Liabilities
Ending Cash @ End of Period
•
2008
Budget
5117,066
0
0
4 222
121,288
0
0
0
99,548
57,774
1, 744
0
159,066
19,908
0
0
0
19,908
178,974
3,850
0
500
0
0
4.140
0
25,600
4,800
0
13,221
1,080
7,953
2,000
19,552
18 000
100,696
225
0
500
35,300
3,500
900
0
3 500
43,925
1.800
0
200
2,000
20,000
166,621
12,353
$133,641
FiDATA\SHARE\ECONDEV~FPM\Budgetsl8udget 2008\TIFFUND 425.x16 12/4/2007