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

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CITY of SOUTH BEND ROGER O. PARENT, Mayor COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 Joseph E. Kernen - 219/284 -9742 Director, Administration and M E M O R A N D U M Finance _ — — — _ _ _ _ — — TO: MAYOR ROGER PARENT FROM: JOSEPH E. KERNAN RE: GENERAL OBLIGATION BOND DATE: MARCH 18, 1981 When the 1981 budget was passed last year it was understood that a general obligation bond issue would have to be sold in order to maintain an adequate level of essential City services. In order to provide safe and reliable equipment, and protect the substantial capital investments made in the past, the fol- lowing figures were determined to be a minimum for the next two years: (1) Police Department - $827,000.00 to be used primarily for the purchase of patrol cars for a two -year period. The City will continue to purchase more fuel efficient vehicles and keep up its efforts in the area of vehicle maintenance. With a longer anticipated service life from the vehicles we will continue to down size the City's entire fleet. (2) Fire Department - $798,000.00 to be used for the replace- ment of outdated fire equipment. While there have been four (4) fire trucks purchased since 1971, none of those have been purchased with local property tax dollars. (3) Street Department - $3,259,000.00 will be used or street department motor equipment and street maintenance materials. This department, which was underfunded by over one million dollars in 1980, has been hardest.hit in that an additional $480,000.00 cut in revenues is anticipated for 1981. (4) Other- the $1,031,000.00 million dollars in additional funds will be used to replace or repair other captial goods and equipment throughout the City. Most of this will be used to provide support for street department operations.