Appropriating $150,000 from the Covelski Improvement Fund (Fund 401)

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-. ORDINANCE NO. !~ D / ~~ AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA APPROPRIATING $ 150,000.00 FROM THE COVELESKI IMPROVEMENT FUND (FUND NO.401) --------------------------------------------------------------------------------------------------------------------- STATEMENT OF PURPOSE AND INTENT The Coveleski Improvement Fund (Fund No. 401) was established for the purpose of funding capital improvements to the Coveleski Regional Stadium. The Park Department Superintendent has developed and presented a plan for development and improvement of the stadium, which plan budgets $ 150,000.00 for capital improvements to be made in 1998. 1998 improvements include installation of flooring in locker rooms, electrical upgrades to the picnic garden and concourse areas, expansion of picnic garden seating area, concourse floor sealing and replacement of the exterior wall. It has been determined it is in the best interest of the City of South Bend to appropriate sufficient funds from the Coveleski Improvement Fund to allow these improvements to be made. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: Section I. The following sum of money is hereby appropriated and ordered set apart from and within the Coveleski Improvement Fund (Fund No. 401) for capital improvements to the Coveleski Regional Stadium. Account No. Description Amount 401.0404.452.39.89 Capital Improvement Fund $ 150,000.00 Section II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. Member, South Bend Common Council Isr,~~~1~ ~-~~~ 9 g 3 rd READING ~_ ~~ . C~ b NOT APPROVED REFERRED PASSED /. ~ ~ ~~ LORE'frA J. DUDS, ctTV c~c»~,, ao. ®erfD, era.