Appropriating $5,915,000.00 Applied on the Cost of Various Purchases Construction

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OFFICE OF THE MAYOR CI'T'Y ®f SOUTH BEND ROGER O. PARENT, Mayor COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 March 18, 1981 Members of the Common Council Council Chambers 4th Floor County -City Building South Bend, Indiana 46601 Dear Members of the City Council: AREA 219 284 -9261 This letter will also serve as the cover letter for the resolu- tion pertaining to the General Obligation Bond. Previous actions have been taken in support of the bond by the City Council and City Administration. The attached resolution and the appropria- tion bill are the next steps in the normal process of selling the bond. The most important and most visible job of city elected officials is to provide the essential services such as police and fire pro- tection, clean water, well maintained streets and parks, and to assure that those services will continue to be provided in the future. The people of South Bend want to have well maintained streets. That is why 3.3 million, over half, of the bond is directed to as- phalt, concrete and equipment for streets. The people of South Bend want their police officers to patrol in reliable automobiles and their firefighters to have modern firefighting equipment. That is why 1.7 million dollars of the bond is for police and fire depart- ments. The people of South Bend want to have their buildings en- ergy- efficient and well maintained. That is why 1 million of the bond is directed to storage buildings, roof repairs and so forth. The bond approach to the funding of basic capital needs of this city is not the one we voluntarily choose. We have no choice. The low gasoline tax revenues, an almost frozen property tax levy and cuts in federal funding force us to sell bonds for needed cap- ital expenses.