Laserfiche WebLink
REGULAR MEETING APRIL 14,1997 <br />Roland Kelly <br />Kathleen Cekanski - Farrand, Spokesperson <br />Cathy Roemer <br />Charlotte Pfeifer <br />Sean Coleman <br />Thomas L. Bodnar <br />Section IV. This Resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />James Aranowski, Member David Varner, Member <br />Charlotte Pfeifer, Member Andrew Ujdak, Member <br />Roland Kelly, Member Sean Coleman, Member <br />John Broden, Member John Hosinski, Member <br />Rod Sniadecki, Member <br />ATTEST: <br />Loretta Duda, City Clerk Steve Luecke, Mayor <br />A public hearing was held on the resolution at this time. <br />Council Member Pfeifer chaired this portion of the meeting. <br />Council President Kelly read the resolution. Council Member <br />Coleman made a motion to adopt this resolution, seconded by <br />Council Member Hosinski. The resolution was adopted by a roll <br />call vote of nine ayes. <br />RESOLUTION NO. 2454 -97 A RESOLUTION AUTHORIZING THE TEMPORARY <br />TRANSFER OF IDLE FUNDS OF THE CITY OF <br />SOUTH BEND, INDIANA, FROM VARIOUS FUNDS <br />TO THE VARIOUS FUNDS WITHIN THE CIVIL <br />CITY OF SOUTH BEND, INDIANA <br />It is necessary to provide funds for the General Fund, Park <br />Maintenance Fund, and Cumulative Capital Improvement Fund prior <br />to the receipt of taxes in the year 1997 in order to meet the <br />current operating expenses of the City, provided for in the <br />budget adopted for the year 1997. <br />There are monies on deposit to the credit of various funds <br />of the City, to -wit: The Liability Insurance Premium and Reserve <br />Fund, the Sewage works Depreciation Fund, the Sewage Works <br />Operation and Maintenance Reserve Fund, which can be temporarily <br />advanced or transferred to the various funds already mentioned. <br />Indiana Code 36 -1 -8 -4 authorizes the Common Council of the <br />Civil City of South Bend, by Resolution adopted by such Council, <br />to advance and transfer to a depleted fund from any other such <br />fund, such amount and for such a period of time as may be <br />prescribed in the Resolution. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the <br />City of South Bend, Indiana as follows: <br />Section I. The City Controller of the City of South Bend is <br />authorized to transfer an aggregate amount not to exceed <br />$8,200,000 to various funds from various funds as listed below. <br />The aggregate amount of $8,200,000 to be distributed so as not to <br />exceed at any one time the maximum amounts as set forth below. <br />Any such transfers made must be repaid by December 31, 1997. <br />FROM: MAXIMUM TO: MAXIMUM <br />Liability Insurance $11000,000 General Fund $7,000,000 <br />