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<br />REGULAR MEETING JULY 13, 1987
<br />WHEREAS, all General Obligation outstanding debt has now been retired; and
<br />WHEREAS, the Council now desires to transfer surplus monies in said General
<br />Obligation Debt Fund of the City of South Bend.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
<br />INDIANA:
<br />SECTION I. That the sum of $8,213.78, being the amount of monies remaining in
<br />the Bond Proceeds of 181 Fund, is hereby transferred from said fund to the General
<br />Obligation Debt Fund of the City of South Bend, Indiana.
<br />SECTION II. That the sum of $34,180.50 being the current unused and
<br />unencumbered balance of $25,966.72 plus the amount of $8,213.78 being transferred
<br />from the Bond Proceeds of '81 Fund to the General Obligation Debt Fund, is hereby
<br />transferred from said General Obligation Debt Fund of the City of South Bend,
<br />Indiana to the General Fund of the City of South Bend, Indiana.
<br />SECTION III. This Resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and approval by the Mayor.
<br />s /Joseph T. Serge
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Michael Vance,
<br />Controller, indicated State law allows the City to transfer the unused monies in a
<br />fund that has fulfilled its purpose. He indicated that both of these funds are
<br />related to the bonds of 181 for purchase of miscellaneous equipment and materials.
<br />He indicated they were asking for the transfer of the balance of the proceeds not
<br />spent to the General Obligation Debt Fund. Council Member Taylor made a motion to
<br />adopt this resolution, seconded by Council Member Zakrzewski. The resolution was
<br />adopted by a roll call vote of nine ayes.
<br />1 :11 *0& -Ina 4;i44M0OLA934�Les
<br />BILL NO. 56 -87 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE 40 FOOT
<br />RIGHT -OF -WAY OF LATHROP STREET FROM THE NORTHWEST CORNER OF
<br />SECTION 33, TOWNSHIP 38 NORTH, RANGE 2 EAST, EAST TO 450 FEET
<br />WEST OF THE WEST RIGHT -OF -WAY LINE OF FOUNDATION DRIVE, A
<br />DISTANCE OF APPROXIMATELY 2,000 FEET.
<br />This bill had first reading. Council Member Puzzello made a motion to set this bill
<br />for second reading and public hearing July 13, 1987, and refer it to Zoning and
<br />Vacation Committee, seconded by Council Member Barcome. The motion carried.
<br />BILL NO. 57 -87 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "),
<br />TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BOND, SERIES 1987
<br />(KOKOKU WIRE INDUSTRIES CORPORATION PROJECT), IN THE AGGREGATE
<br />PRINCIPAL AMOUNT OF THREE MILLION TWO HUNDRED THOUSAND DOLLARS
<br />($3,200,000.00) AND APPROVING AND AUTHORIZING CERTAIN ACTIONS
<br />WITH RESPECT THERETO.
<br />This bill had first reading. Council Member Barcome made a motion to set this bill
<br />for second reading and public hearing July 13, 1987, seconded by Council Member
<br />Paszek. The motion carried.
<br />BILL NO. 58 -87 A BILL APPROPRIATING $108,927.74 FROM THE ZOO ENDOWMENT FUND,
<br />ACCOUNT NUMBER 403 TO ACCOUNT 399.0 CONTRACTUAL SERVICES, SAID
<br />ACCOUNT BEING WITHIN THE GENERAL PARK FUND.
<br />This bill had first reading. Council Member Barcome motion to set this bill for
<br />second reading and public hearing July 13,1987, and refer it to the Parks Committee,
<br />seconded by Council Member Paszek. The motion carried.
<br />BILL NO. 59 -87 A BILL APPROPRIATING $115,478.00 AMONG VARIOUS ACCOUNTS WITHIN
<br />THE DIVISION OF COMMUNITY DEVELOPMENT.
<br />This bill had first reading. Council Member Puzzello made a motion to set this bill
<br />for second reading and public hearing July 13, 1987, and refer it to the Human
<br />Resources Committee, seconded by Council Member Barcome. The motion carried.
<br />BILL NO. 60 -87 A BILL APPROPRIATING $66,000.00 FROM THE FEDERAL ASSISTANCE GRANT
<br />FUND COMMONLY REFERRED TO AS THE GENERAL REVENUE SHARING TRUST
<br />FUND TO ACCOUNT 4399.0 OTHER CONTRACTUALS TO PAY THE 1987 PLEDGE
<br />TO PROJECT FUTURE BY THE CITY OF SOUTH BEND.
<br />This bill had first reading. Council Member Braboy made a motion to set this bill
<br />for second reading and public hearing July 13, 1987, and refer it to the Personnel
<br />and Finance Committee, seconded by Council Member Barcome. The motion carried.
<br />BILL NO. 61 -87 FIRST READING APPROPRIATING $230,000.00 FROM THE FEDERAL
<br />ASSISTANCE GRANT FUND COMMONLY REFERRED TO AS THE GENERAL REVENUE
<br />SHARING TRUST FUND TO ACCOUNT 4399.0 OTHER CONTRACTUALS WITHIN
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