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

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WHEREAS , the Common Council finds that the construction of such park and park development , the acquisition of approxi- mately eight (8) acres of land 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 WHEREAS , said Common Council agrees that such project must be funded by the issuance of park district bonds ; and WHEREAS , it is necessary for there to be an appropriation in an amount not to exceed One Million Seven Hundred Thousand Dollars ($1 , 700 , 000 . 00) , in order that the above projects pro- ceed . NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend , Indiana ; That the proposed issuance of park district bonds by the Board of Park Commissioners of the Park District of the City of South Bend, Indiana, in an amount not to exceed One Million Seven Hundred Thousand Dollars ($1 , 700 , 000 . 00) , the purpose of which is to provide funds to be applied on the construction of a White Water Way Park, Island Park Development , Pier Park De- velopment and Centennial Park Development and for the acqui- sition of approximately eight (8) acres of land adjacent to the White Water Way Park; and for the complete renovation of Potawatomi Park Zoo , a public park within the City of South Bend , Indiana , is hereby approved . Passed and adopted by the Common Council of the City of South Bend , Indiana , on the 4 day of � _, 1974 . FILED IN CLERK'S OFFICE rzz JUN 19 1974 Mem er/PRESENTED of the Common Council Irene Gammon CITY CLERK, SOUTH BEND, IND, NOT APPROVED / ADOPTED ` 6 Z A-/ - � 7