Approving the issuance and sale of Park District Bonds

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RESOLUTION NO. Cvc? 7 7 RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING THE ISSUANCE AND SALE OF PARK DISTRICT BONDS OF THE BOARD OF PARK COMMISSIONERS OF THE PARK DISTRICT OF THE CITY OF SOUTH BEND, SOUTH BEND, INDIANA, FOR THE PURPOSE OF PROVIDING FUNDS TO BE APPLIED ON THE CONSTRUCTION OF A LIGHTED BASEBALL FIELD AT BELLE - VILLE PARK, THE DEVELOPMENT OF PAUL F. BOEHM PARK (EDISON ROAD), THE REPLACEMENT OF THE IRRIGATION SYSTEM AT ERSKINE GOLF COURSE, THE CONSTRUCTION OF TENNIS COURTS AT RIVERSIDE MANOR AND VOORDE PARKS, THE LIGHTING OF TENNIS COURTS AT MARSHALL FIELD, AND FOR THE COMPLETE RENOVATION OF POTAWA- TOMI PARK Z00 LOCATED IN POTAWATOMI PARK, A PUBLIC PARK WITHIN THE CITY OF SOUTH BEND, INDIANA. WHEREAS, the Board of Park Commissioners of the Park District of the City of South Bend has determined to take the necessary steps for the construction of a lighted baseball field at Belleville Park, the development of Paul F. Boehm Park (Edison Road), the replacement of the irrigation system at Erskine Golf Course, the construction of tennis courts at Riverside Manor and Voorde Parks, the lighting of tennis courts at Marshall Field, and for the complete renovation of Potawatomi Park Zoo located in Potawatomi Park, a public park within the City of South Bend, Indiana; and WHEREAS, a petition has been filed under the provisions of Chapter 119 of the Indiana Acts of 1937 by more than fifty (50) owners of taxable real estate of the City of South Bend, Indiana, requesting said Board of Park Commissioners of the Park District of the City of South Bend to issue park district bonds for the purpose of providing funds to be applied on the construction of a lighted baseball field at Belleville Park, the development of Paul F. Boehm Park (Edison Road), the replace- ment of the irrigation system at Erskine Golf Course, the construction of tennis courts at Riverside Manor and Voorde Parks, the lighting of tennis courts at Marshall Field, and for the complete renovation of Potawatomi Park Zoo located in Potawatomi Park, and on the payment of the incidental expenses in connection therewith and on account of the issuance of bonds therefor; and WHEREAS, the Common Council finds that the construction of such park and park de- velopment and the complete renovation of Potawatomi Park Zoo by the Board of Park Commissioners of the City of South Bend, Indiana, is in the best interest of and will be for the general benefit of the City and its citizens; and