Transfer of Funds $125,000.00 from Other Materials "Land"

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Department of Publie Parks Administration Building St. Louis Boulevard at Wayne Street South Bend, Indiana 46617 PHONE: (219) 284 -9401 February.5,1974 Mr. Peter Nemeth, President South Bend Common Council County -City Building 227 West Jefferson Boulevard South Bend, Indiana Dear Mr. Nemeth: The Board of Park Commissioners is hereby requesting the Common Council to approve the enclosed ordinance to trans- fer $125,000.00 from Account number 440.0, Materials to Account number 730.0, Properties, Land. The Park Board has options to purchase approximately twenty - nine acres of land on Edison Road just west of Hickory Road, now owned by the South Bend Community School Corporation for $112.,500.00 (A down payment of $12;.500..00 has been paid for the property). The Board has received a petition from six hundred property owners in the area requesting the Park Department to purchase the land and develop it into much needed park and recreation facilities. The Park Department is aware of the shortage of open space in this area of the city and feels that the open space should be purchased at this time to preserve the area for future park and recreation development. The balance of the funds, $12,500.00, will be used to finalize the purchase of 34.65 acres of land in the Belleville Gardens area. Again, the Board received a petition from the property owners in the area, requesting the Park Department to acquire land for park purposes. The Park Department has made a down payment of $22,500.00 for the land.