Appropriating and Temporarily Transfer $185,000 from Covelski Fund #401 to fund #201 and $677,000 from fund #201 for zoo

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ORDINANCE NO. ~ 2 32..--0 I AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND TO APPROPRIATE AND TEMPORARILY TRANSFER $185,000 FROM THE STANLEY COVELESKI CAPITAL FUND (#401) TO THE PARKS AND RECREATION FUND (#201) AND TO APPROPRIATE $677,000 FROM FUND #201 FOR CONSTRUCTION COSTS OF AN ANIMAL HOSPITAL FOR THE POTAWATOMI ZOO STATEMENT OF PURPOSE AND INTENT It is in the best interests of the City of South Bend that an animal hospital be constructed for the Potawatomi Zoo. The Parks Department believes that the costs of construction will be approximately $755,000 and wishes to award bids for this construction. The City's capital expenditure appropriations ordinance for fiscal year 2001 (Ordinance 9196-01) provided for a portion of the construction and related costs, i.e., a total of $150,000, to be paid $120,000 from Parks and Recreation Fund (#201) and $30,000 from Parks Non-Reverting Capital Fund (#405). The balance was expected to be paid by private contributions raised by the Potawatomi Zoological Society (Society). To date the Society has raised cash of $492,000 which has been transferred to Parks and Recreation Fund #201. Additionally, the Parks Department has expended about $72,000 of its appropriation for architect fees and equipment costs related to the veterinary hospital project. The Society expects to receive more contributions sufficient to pay all but $150,000 of the veterinary hospital construction costs. However, to award bids on construction, the City must have funds available to cover the temporary gap between expected construction costs of $755,000 and the $492,000 presently raised by the Society plus the Parks Department's remaining available appropriated funds of $78,000, i.e., a gap of $185,000. The Coveleski Stadium Capital Fund (#401) has idle funds which may be transferred to the Parks and Recreation Fund for purposes of assuring payment of the construction costs of the veterinary hospital project. These borrowed funds will be paid back with interest to the Coveleski Stadium Capital Fund from private contributions made to the Potawatomi Zoological Society. To assure the availability of all necessary construction funds the City Controller should transfer $185,000 from the Coveleski Stadium Capital Fund (#401) to the Parks and Recreation Fund (#201) and appropriate those funds plus the $492,000 transferred to Fund #201 from the Potawatomi Zoological Society for purposes of the Potawatomi Zoo veterinary hospital construction. These funds together with the remaining $78,000 previously appropriated from Parks Department Funds will cover the expected construction costs of the hospital. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND AS FOLLOWS: