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REGULAR MEETING OCTOBER 23, 1972
<br />ORDINANCES, THIRD READING (CONTINUED)
<br />ORDINANCE NO. 5449 -72 AN ORDINANCE AMENDING CHAPTER TWO "ADMINISTRATION"
<br />OF THE MUNICIPAL CODE OF THE CITY OF SOUTH BEND.
<br />This ordinance had third reading. Councilman Parent made a motion to amend the ordinance as
<br />follows: In Paragraph W, fifth line, change the word "the" to "said ". In Paragraph CC, third
<br />line, change the word "passage" to "adoption ". Councilman Horvath seconded the motion and it
<br />carried. Councilman Kopczynski made a motion that the ordinance be passed, as amended, seconded
<br />by Councilman Taylor. The ordinance passed by a roll call vote of seven ayes (Councilmen Serge,
<br />Miller, Parent, Taylor, Kopczynski, Horvath and Nemeth) two nays (Councilmen Szymkowiak and
<br />Newburn).
<br />ORDINANCE NO. 5450 -72
<br />AN ORDINANCE TRANSFERRING FUNDS IN THE TOTAL
<br />AMOUNT OF $11,500 FROM VARIOUS ACCOUNTS WITHIN
<br />THE MUNICIPAL SERVICES FACILITY BUDGET TO
<br />VARIOUS OTHER ACCOUNTS IN SAME MUNICIPAL SERVICES
<br />FACILITY BUDGET, ALL BEING WITHIN THE GENERAL FUND.
<br />This Ordinance had third reading. Councilman Taylor made a motion that the ordinance pass, as
<br />amended, seconded by Councilman Horvath. The ordinance passed by a roll call vote of nine ayes
<br />(Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTIONS
<br />RESOLUTION NO. 339 -72 A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
<br />OF IDLE FUNDS TO THE GENERAL FUND, PARK MAINTENANCE
<br />FUND AND POLICE PENSION FUND OF THE CIVIL CITY OF
<br />SOUTH' .
<br />WHEREAS, a necessity exists to provide funds for the General Fund, the Park Maintenance Fund,
<br />and the Police Pension Fund of the City of South Bend, prior to the receipt of taxes in the
<br />year 1972, in order to meet the current running expenses of the City, provided for in the budget
<br />and appropriations adopted for the year 1972, which expenses must be met prior to the receipt
<br />of taxes in the year 1972, and
<br />WHEREAS, there are monies on deposit to the credit of Various funds of the City, to wit: Track
<br />Elevation Fund, Cumulative Sewer Building and Sinking Fund, Water Works Depreciation Fund, Main
<br />Extension Fund, Sewage Works Depreciation Fund and Sewage Works Improvement Fund, which can be
<br />temporarily advanced or transferred to such General Fund, Park Maintenance Fund and Police
<br />Pension Fund, and
<br />WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana General Assembly authorizes the Common
<br />Council of the Civil City of South Bend by Resolution adopted by such Common Council, to
<br />advance and transfer to a depleted fund from any other such fund, such amount and for such
<br />period of time as may be prescribed in the Resolution,
<br />NOW, THEREFORE, BE IT RESOLVED 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 an
<br />aggregate amount not to exceed $1,400,000 to the General Fund, Park Maintenance Fund and Police
<br />Pension Fund of the City of South Bend from various funds of the City, to wit: The Track
<br />Elevation Fund, Cumulative Sewer Building and Sinking Fund, Water Works Depreciation Fund, Main
<br />Extension Fund, Sewage Works Depreciation Fund and Sewage Works Improvement Fund. The aggregate
<br />amount of $1,400,000 to be distributed so as not to exceed the maximum amounts set forth below:
<br />General Fund . . . .
<br />Park Maintenance Fund.
<br />Police Pension Fund .
<br />$1,000,000
<br />250,000
<br />150,000
<br />$1,400,000
<br />SECTION II. Such transfer shall be made for a period not to extend beyond December 31, 1972,
<br />and such funds so transferred shall be returned and repaid to the original fund from which
<br />it was transferred.
<br />/s/ Roger 0. Parent
<br />Member of the Common Council
<br />Councilman Miller moved that the resolution be amended as follows.before it was read: In the
<br />second Whereas clause and in Section 1, delete the following accounts: Water Works Depreciation
<br />Fund, Main Extension Fund and Sewage Works Depreciation Fund. Add to Section 1:
<br />FROM: MAXIMUM
<br />Track Elevation Fund $75,000
<br />Sewage Works Improvement
<br />Fund 100,000
<br />Cumulative Sewer Building
<br />and Sinking Fund 1,225,000
<br />1$1,400,000
<br />Councilman Parent seconded the motion and it carried.
<br />TO : MAXIMUM
<br />Police Pension Fund
<br />Park Maintenance Fund
<br />Police Pension Fund
<br />Park Maintenance Fund
<br />General Fund
<br />$50,000
<br />25,000
<br />225,000
<br />1,000,000
<br />$1,400,000
<br />A public resolution was held on the resolution at this time. Mr. James Barcome, City Controller,
<br />said that they are requesting authorization to transfer funds temporarily until fall tax money
<br />is received They feel this is a more economical procedure than borrowing, from local lending
<br />institutions. The funds are temporarily idle and not committed to any proect need. This
<br />procedure will save $20,000 in interest payments. Mr. Barcome said he wanted to make two points
<br />
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