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01-13-14 Council Agenda & Packet
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01-13-14 Council Agenda & Packet
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1/10/2014 2:47:58 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
1/13/2014
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m 00,0L11- <br />11 <br />ORDINANCE NO. <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING THE FIXED SUM OF $150,000.00 PLUS UP TO AN <br />ADDITIONAL $125,000.00 FROM ECONOMIC DEVELOPMENT INCOME TAX <br />(EDIT) FUND #408 FORCAPITAL OBLIGATIONS PURSUANT TO AGREEMENT <br />WITH THE POTAWATOMI ZOOLOGICAL SOCIETY <br />STATEMENT OF PURPOSE AND INTENT <br />The City of South Bend through its Board of Park Commissioners entered into a Lease <br />and Management Agreement (the Agreement) with the Potawatomi Zoological Society (PZS), <br />effective January 1, 2014, by which the City granted to PZS all rights to manage and operate the <br />Potawatomi Zoo for a period of five years. Among the obligations of the City of South Bend <br />pursuant to the Agreement at Section 6.4 is to pay to PZS in calendar year 2014 the fixed, initial <br />sum of One Hundred Fifty Thousand Dollars ($150,000) for capital improvements to the <br />Potawatomi Zoo Premises. Additionally, at Section 6.5 of the Agreement, the City has agreed to <br />share with PZS the cost to resurface and/or strip the existing parking lot and create an additional <br />parking area in 2014 for the benefit of Zoo visitors as well as Potawatomi Park visitors. The net <br />City share of the cost is Seventy Five Thousand Dollars ($75,000. <br />Because the City's financial obligation to the PZS under the Agreement was unknown <br />when the City's 2014 Budget was approved, it is necessary at this time to appropriate the <br />necessary capital funds for payment to PZS, and for parking lot improvement costs in 2014 per <br />the terms of the Agreement. This ordinance accomplishes that purpose. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND, INDIANA as follows: <br />SECTION I. The sum of One Hundred Fifty Thousand Dollars ($150,000) be and <br />hereby is appropriated from and set aside within Economic Development Income Tax (EDIT) <br />Fund #408 for the purpose of payment to the Potawatomi Zoological Society (PZS) in calendar <br />year 2014 for capital improvements to the Potawatomi Zoo premises pursuant to the terms and <br />obligations of the Board of Park Commissioners' Lease and Management Agreement (the <br />Agreement) with PZS. <br />SECTION II. The additional sum of up to One Hundred Twenty Five Thousand <br />Dollars ($125,000) be and hereby is appropriated from and set aside within Economic <br />Development Income Tax (EDIT) Fund #408 for the purpose of improvements to and new <br />surface of the parking lot in Potawatomi Park pursuant to the terms of the Agreement with PZS. <br />The City shall pay all costs and expenses to complete the parking lot improvements and then <br />shall seek reimbursement from PZS for its share of costs not to exceed Fifty Thousand Dollars <br />($50,000). <br />
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