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<br />REGULAR MEETING JANUARY 24, 1977
<br />REGULAR MEETING RECONVENED (CONTINUED)
<br />A public hearing was held at this time on the resolution. Mr. Peter Mullen, City Controller,
<br />said this resolution authorizes the City Controller to transfer idle funds to protect the cash
<br />position of the City of South Bend, and also to invest other idle funds to gain full use of the
<br />moneys. Council Member Miller asked how much was made in interest last year. Mr. Mullen said
<br />he did not know because he had not received all of the slips from the banks. Council Member
<br />Adams made a motion to adopt this resolution seconded by Council Member Kopczynski. The resolu
<br />tion was adopted by a roll call vote of nine ayes (Council Members Serge, Szymkowiak, Miller,
<br />Taylor, Kopczynski, Adams, Dombrowski, Horvath and Parent).
<br />RESOLUTION NO. 548 -77
<br />A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF
<br />IDLE FUNDS OF THE CITY OF SOUTH BEND, INDIANA, FROM
<br />THE CUMULATIVE CAPITAL IMPROVEMENT, LOCAL ROADS AND
<br />STREETS, FEDERAL ASSISTANCE GRANT FUNDS AND WASTE-
<br />WATER GENERAL FUND, TO THE CORPORATION GENERAL, PARK
<br />MAINTENANCE, POLICE PENSION, FIRE PENSION, REDEVELOP-
<br />MENT, HUMAN RELATIONS AND FAIR EMPLOYMENT PRACTICES
<br />COMMISSION FUNDS, ALL FUNDS BEING WITHIN THE CIVIL
<br />CITY OF SOUTH BEND, INDIANA.
<br />WHEREAS, a necessity exists to provide funds for the Corporation General, Park Maintenance,
<br />Police Pension, Firemen Pension, Redevelopment, Human Relations and Fair Employment Practices
<br />Commission Funds prior to the receipts of taxes in the year 1977, in order to meet the current
<br />operating expenses of the City, provided for in the budget and appropriation adopted for the
<br />year 1977, which expenses must be met prior to the receipt of taxes in the year 1977, and
<br />WHEREAS, there are monies on deposit to the credit of various funds of the City, to -wit:
<br />Cumulative Sewer Building and Sinking, Cumulative Capital Improvement, Local Roads and Streets
<br />and Federal Assistance Grant Funds which can be temporarily advanced or transferred to the varic
<br />funds already mentioned, and
<br />WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana General Assembly authorized the
<br />Common Council of the Civil City of South Bend, by Resolution adopted by such Council, to ad-
<br />vance and transfer to a depleted fund from any other such fund, such amount and for such period
<br />of time as may be prescribed in the Resolution,
<br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA:
<br />SECTION I. That the City Controller of the City of South Bend is authorized to transfer
<br />an aggregate amount not to exceed $3,000,000.00 to various funds from various other funds as
<br />listed below. The aggregate amount of $3,000,000.00 to be distributed so not to exceed at any
<br />one time the maximum amounts as set forth below. Any such transfers made must be repaid by
<br />December 31, 1977:
<br />FROM: Maximum
<br />Cumulative Sewer
<br />Building and Sinking
<br />Fund............ $750,000.00
<br />Local Roads and
<br />Street Fund ... 500,000.00
<br />Federal Assistance
<br />Grant Fund ..... 750,000.00
<br />Wastewater General
<br />Fund 1,000,000.00
<br />$3,000,000.00
<br />TO: Maximum
<br />Corporation General...... $1,825,000.00
<br />Park Maintenance Fund ... 500,000.00
<br />Police Pension Fund ..... 250,000.00
<br />Cumulative Capital
<br />Improvement Fund......... 150,000.00
<br />Human Relations and Fair
<br />Practices Commission Fund. . 25,000.00
<br />$3,000,000.00
<br />SECTION II. Such transfer shall be made for a period of time not to exceed beyond
<br />December 31, 1977, and such funds so transferred shall be returned and repaid to the original
<br />funds from which they were transferred.
<br />SECTION III. This Resolution shall be in full force and effect from and after, its
<br />adoption by the Common Council and Its approval by the Mayor.
<br />/s/ Mary Christine Adams
<br />Member of the Common Council
<br />A public hearing was held at this time on the resolution. Council Member Adams made a motion
<br />to adopt this resolution, seconded by Council Member Dombrowski. The resolution was adopted
<br />by a roll call vote of nine ayes (Council Members Serge, Szymkowiak, Miller, Taylor, Kopczynski,
<br />Adams, Dombrowski, Horvath and Parent).
<br />RESOLUTION NO. 549 -77 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
<br />OF SOUTH BEND, INDIANA, REQUESTING THE GENERAL
<br />ASSEMBLY OF THE STATE OF INDIANA TO APPROPRIATE
<br />OPERATING FUNDS FOR MASS TRANSIT.
<br />WHEREAS, the public policy of the State of Indiana supporting Urban Mass Transit Systems
<br />declares among other things that such service is essential to relieve traffic congestion; is
<br />necessary to the welfare of the general public; and helps to expand the economic and social
<br />opportunities of the community;
<br />WHEREAS, the State Budget for the State of Indiana has provided funds for mass transit in
<br />thepast;
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