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CITY OF SOUTH BEND <br /> $0,13 _ PETE BUTTIGIEG, MAYOR <br /> Filed in Clerk's Office <br /> October 17,2017 OCT 1 8 2017 <br /> Mr.Tim Scott,President KAREEMAH FOWLER <br /> South Bend Common Council CITY CLERK,SOUTH BEND,IN <br /> 41 Floor County-City Building <br /> South Bend IN 46601 <br /> RE: My SB Parks&Trails Parks Bond <br /> Dear President Scott, <br /> Attached is A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br /> INDIANA,APPROVING AND AUTHORIZING THE ISSUANCE OF BONDS OF THE CITY OF <br /> SOUTH BEND PARK DISTRICT AND RELATED MATTERS. <br /> The My SB Parks&Trails initiative seeks to leverage over$12 million worth of private funds and grants <br /> to make a transformative impact throughout the city's shared green spaces. The entire portfolio of <br /> projects includes parks improvements to 32 parks and dozens of miles of trails,throughout every <br /> neighborhood in the city,benefiting six focus areas: neighborhood improvement, public safety, social <br /> equity,ecological stewardship,public health,and economic impact. Every defined project has been <br /> established through a substantial amount of resident engagement, including dozens of community forums, <br /> hundreds of hours of stakeholder&neighborhood sessions,and thousands of pieces of written feedback. <br /> These are all documented through City Plan 2025,Parks&Recreation Master Plan 2014,Riverfront <br /> Parks&Trails Conceptual Framework,City Cemetery Master Plan,Coal Line Trail Plan,and various <br /> neighborhood plans. The projects have been additionally informed by a substantial amount of <br /> professional consultation,industry benchmarks, and certified research. When complete,the My SB Parks <br /> &Trails investments will fundamentally change the landscape of South Bend to benefit every resident for <br /> many generations to come. <br /> This Resolution approves of the issuance of Park District Bonds in 11 series in principal amounts not to <br /> exceed those listed for each series at Exhibit A to the resolution to fund the improvements described with <br /> respect to each series at Exhibit A. The bonds would be payable from a tax levy on the Park District <br /> (which has boundaries coterminous with the City boundaries)which levy will replace the expiring Hall of <br /> Fame debt service levy. The Park District bonds are proposed to be issued before the end of the year. <br /> Thank you for your consideration. We will attend the Committee and Council meeting along with <br /> representatives from Barnes&Thornburg&Umbaugh to address any questions. <br /> Cordially, <br /> Aaron Perri James Mueller <br /> Executive Director Executive Director <br /> Venues Parks &Arts Community Investment <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br />