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REGULAR MEETINGMAY 23, 2005 <br />There being no on present wishing to speak to the Council either in favor of or in <br />opposition to this bill, Councilmember White made a motion for favorable <br />recommendation to full Council concerning this bill. Councilmember Kuspa seconded <br />the motion which carried by a voice vote of nine (9) ayes. <br />BILL NO. 29-05 PUBLIC HEARING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA AMENDING CHAPTER 2, <br /> ARTICLE 14 OF THE SOUTH BEND <br /> MUNICIPAL CODE TO ADD A NEW SECTION <br /> 2-170.8 CREATING A PROPERTY TAX LEVY <br /> EXCESS FUND <br />Councilmember Kelly, Chairperson, Personnel and Finance Committee, reported that this <br />committee met this afternoon and voted to send it to the full Council with a favorable <br />recommendation. <br />M. Catherine Fanello, City Controller, 1400 County-City Building, South Bend, Indiana, <br />made the presentation for this bill. <br />Ms. Fanello advised that the City of South Bend received funds in excess of its ad <br />valorem property tax levy in 2004. Under these circumstances, Indiana law prescribes <br />that the excess monies be deposited into a special Levy Excess Fund. The City of South <br />Bend does not have such a fund within its accounts; therefore, this bill creates the <br />requisite fund. <br />This being the time heretofore set for public hearing on the above bill, proponents and <br />opponents were given an opportunity to be heard. <br />There being no on present wishing to speak to the Council either in favor of or in <br />opposition to this bill, Councilmember Varner made a motion for favorable <br />recommendation to full Council concerning this bill. Councilmember White seconded <br />the motion which carried by a voice vote of nine (9) ayes. <br />RISE AND REPORT <br />Councilmember White made a motion to rise and report to the full Council. <br />Councilmember Varner seconded the motion which carried by a voice vote of nine (9) <br />ayes. <br />ATTEST: ATTEST: <br />__________________________ _______________________ <br />John Voorde, City Clerk Roland Kelly, Chairperson, <br />Committee of the Whole <br />REGULAR MEETING RECONVENED <br />Be it remembered that the Common Council of the City of South Bend reconvened in the <br />Council Chambers on the fourth floor of the County-City Building at 8:00 p.m. Council <br />President Charlotte D. Pfeifer presided with nine (9) members present. <br />BILLS, THIRD READING <br />12 <br /> <br />