Laserfiche WebLink
Department of Pablie Parks <br />Administration Building <br />St, Louis Boulevard at Wayne Street <br />South Bend, Indiana 46617 <br />August 21, 1973 <br />Members of the South Bend Common Council <br />County -City Building <br />217 West Jefferson Boulevard <br />South Bend, Indiana <br />Gentlemen: <br />The Department of Public Parks is requesting the Common Council to approve <br />the enclosed ordinance for the appropriation of $15e164•35 from interest <br />earned on the purchase of'- certificates of deposit. <br />In 19729 the Park Department sold bonds in the amount of $600,000.00 to <br />purchase land and construct a park and recreation center complex at the <br />Linden School' -site. <br />The bond issue also included monies for site development and equipment for <br />the building. Because of change orders and the increased cost of equipment, <br />the contingency fund in the bond issue will not be sufficient to pay for <br />site development, additional change orders, furniture and equipment for <br />the building. <br />Before and during the construction period, the Park Department invested the <br />bond funds in certificates of deposit and earned $159.35 which we are re- <br />questing to be appropriated so that the King Park ,& Recreation Center can <br />be completed. <br />Very truly yours, <br />7DEPAR NT DF P /UBL P <br />mes R. Seitz, V <br />JRS:kb <br />