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REGULAR MEETING <br />Premium & Reserve <br />Sewage Works <br />Depreciation <br />Sewage Works <br />Operation and Main- <br />tenance Reserve <br />Park Maintenance <br />Fund <br />4,100,000 Cumulative Capital <br />3,100,000 <br />TOTAL 8,200,000 <br />MAY 13, 1996 <br />1,000,000 <br />200,000 <br />8,200,000 <br />SECTION II. Such transfer shall be made for a period of time <br />not to extend beyond December 31, 1996, and such funds to be <br />transferred shall be returned and repaid to the original funds <br />from which they were transferred. <br />SECTION III. This resolution shall be in full force and <br />effect from and after its passage by the Common Council and <br />approval by the Mayor. <br />/s/ Roland Kelly <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Amy <br />Schmanski, Finance Office Environmental Services, made the <br />presentation for the resolution. She indicated this is an annual <br />resolution passed by the Council which allows for the transfer of <br />idle funds. She reported we use this method rather then tax <br />warrants. Council Member Coleman made a motion to recommend this <br />bill to the Council favorable, seconded by Council Member Luecke. <br />The motion carried. <br />BILLS, FIRST READING <br />BILL NO. 31 -96 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: <br />IVY ROAD FROM THE NORTH RIGHT -OF -WAY LINE OF SOUTH <br />BEND AVENUE (S.R.23) TO THE SOUTH RIGHT -OF -WAY OF <br />EDISON ROAD FOR A DISTANCE OF APPROXIMATELY 260 <br />FEET IN LENGTH AND 60 FEET IN WIDTH; PART SITUATED <br />IN THE NORTHWEST QUARTER OF THE WEST ONE -HALF OF <br />THE NORTHEAST QUARTER OF SECTION 6, TOWNSHIP 37 <br />NORTH, RANGE 3 EAST, PORTAGE TOWNSHIP, SOUTH BEND, <br />ST. JOSEPH COUNTY, INDIANA <br />This bill had first reading. Council Member Luecke made a motion <br />to refer this bill to the Public Works and Property Vacation <br />Committee and set it for public hearing and third reading on May <br />28, seconded by Council Member Coleman. The motion carried. <br />BILL NO. 32 -96 A BILL TO VACATE ALL STREETS AND ALLEYS SOUTH OF <br />VACATED ELDER STREET, EAST OF MICHIGAN STREET, <br />WEST OF CARROLL STREET AND NORTH OF FIRST <br />EAST /WEST ALLEY SOUTH OF PENNSYLVANIA, INCLUDING <br />ALL STREETS AND ALLEYS SOUTH OF OHIO STREET, EAST <br />OF CARROLL STREET, WEST OF FELLOWS STREET AND <br />NORTH OF FIRST EAST /WEST ALLEY SOUTH OF <br />PENNSYLVANIA STREET. FURTHER INCLUDING KEASEY <br />STREET EAST OF FELLOWS AND WEST OF MARIETTA. <br />This bill had first reading. Council Member Coleman made a <br />motion to refer this bill to the Public Works and Property <br />Vacation Committee and set it for public hearing and third <br />reading on May 28, seconded by Council Member Varner. The motion <br />carried. <br />BILL NO. 33 -96 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND, INDIANA, AMENDING CHAPTER 21 OF THE <br />1 <br />J <br />1 <br />