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Department of Public Parks <br />Administration Building <br />St. Louis Boulevard at Wayne Street <br />South Bend, Indiana 46617 <br />PHONE: (219) 284 -9401 <br />January 12, 1982 <br />Mr. Lewis Mc Gann <br />County -City Building <br />227 West Jefferson Boulevard <br />South Bend, Indiana <br />Dear Mr. Mc Gann: <br />The Department of Public Parks is requesting the Common Council <br />to approve the enclosed ordinance transferring $4,693.30 from <br />the Park District Construction Fund to the Park District Bond <br />Redemption Fund. Such funds are the remaining funds left in the <br />1977 $2,170,000.00 Park Bond Issue. <br />The Park Department had the balance in the bond construction <br />fund because we made over $155,000.00 by investing idle bond <br />funds in interest bearing notes. We spent most of the interest <br />earned money for change orders on the numerous bond issue projects. <br />The $4,693.30 will be used to pay off principal and interest on <br />park bond issues. <br />The Council's approval of this ordinance will be appreciated. <br />Very truly yours, <br />DEP�2TMENT OF RUBLIC PARKS <br />i �/ <br />James R. Se t , <br />Superintendent <br />JRS:kb <br />enclosure <br />