HomeMy WebLinkAboutApproving the issuance and sale of park district bonds of the Board of Park Commissioners of the Park District of the City of South Bend RESOLUTION
No. 430-74
Passed by the Common Council of the City of South Bend, Indiana,
JUNE 24 , 19 74
Attest: '4r City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
JUNE 25, 19 74
/�__ City Clerk
Approved and signed by me 197
Mayor
RESOLUTION NO .
RESOLUTION OF THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA, APPROVING THE ISSUANCE
AND SALE OF PARK DISTRICT BONDS OF THE BOARD
OF PARK COMMISSIONERS OF THE PARK DISTRICT OF
THE CITY OF SOUTH BEND, SOUTH BEND , INDIANA,
FOR THE PURPOSE OF PROVIDING FUNDS TO BE APPLIED
ON THE CONSTRUCTION OF A WHITE WATER WAY PARK,
ISLAND PARK DEVELOPMENT , PIER PARK DEVELOPMENT
AND CENTENNIAL PARK DEVELOPMENT AND FOR THE
ACQUISITION OF APPROXIMATELY EIGHT (8) ACRES OF
LAND ADJACENT TO THE WHITE WATER WAY PARK : AND
FOR THE COMPLETE RENOVATION OF POTAWATOMI PARK
Z00, A PUBLIC PARK WITHIN THE CITY OF SOUTH BEND ,
INDIANA.
WHEREAS , the Board of Park Commissioners of the Park Dis-
trict of the City of South Bend has determined to take the
necessary steps for the construction of a White Water Way Park,
Island Park Development , Pier Park Development and Centennial
Park Development and for the acquisition of approximately
eight (8) acres of land adjacent to the White Water Way Park;
and for the complete renovation of Potawatomi Park Zoo , a
public park within the City of South Bend , Indiana ; and
WHEREAS , a petition has been filed under the provisions of
Chapter 119 of the Indiana Acts of 1937 by more than fifty (50)
owners of taxable real estate of the City of South Bend ,
Indiana, requesting said Board of Park Commissioners of the
Park District of the City of South Bend to issue park district
bonds for the purpose of providing funds to be applied on the
construction of a White Water Way Park, Island Park Development ,
Pier Park Development and Centennial Park Development and for
the acquisition of approximately eight (8) acres of land ad-
jacent to the White Water Way Park; and for the complete re-
novation of Potawatomi Park Zoo , a public park within the City
of South Bend , Indiana, and on the payment of the incidental
expenses in connection therewith and on account of the issuance
of bonds therefor ; and
WHEREAS , the Common Council finds that the construction
of such park and park development , the acquisition of approxi-
mately eight (8) acres of land and the complete renovation of
Potawatomi Park Zoo by the Board of Park Commissioners of the
City of South Bend , Indiana , is in the best interest of and
will be for the general benefit of the City and its citizens ;
and
WHEREAS , said Common Council agrees that such project must
be funded by the issuance of park district bonds ; and
WHEREAS , it is necessary for there to be an appropriation
in an amount not to exceed One Million Seven Hundred Thousand
Dollars ($1 , 700 , 000 . 00) , in order that the above projects pro-
ceed .
NOW THEREFORE, BE IT RESOLVED by the Common Council of the
City of South Bend , Indiana ;
That the proposed issuance of park district bonds by the
Board of Park Commissioners of the Park District of the City
of South Bend, Indiana, in an amount not to exceed One Million
Seven Hundred Thousand Dollars ($1 , 700 , 000 . 00) , the purpose of
which is to provide funds to be applied on the construction of
a White Water Way Park, Island Park Development , Pier Park De-
velopment and Centennial Park Development and for the acqui-
sition of approximately eight (8) acres of land adjacent to
the White Water Way Park; and for the complete renovation of
Potawatomi Park Zoo , a public park within the City of South
Bend , Indiana , is hereby approved .
Passed and adopted by the Common Council of the City of
South Bend , Indiana , on the 4 day of � _, 1974 .
FILED IN CLERK'S OFFICE
rzz
JUN 19 1974 Mem er/PRESENTED
of the Common Council
Irene Gammon
CITY CLERK, SOUTH BEND, IND, NOT APPROVED /
ADOPTED ` 6 Z A-/ - � 7
J ,
•
' a J
Department of Public Parrs
Administration Building
St. Louis Boulevard at Wayne Street
South Bend 17, Indiana
June 14; 1974
Mr. Peter J. Nemeth, Presideut
South Bend Co-Tion Council
County,-City Bilildirg
227 West Jefferson Boulevard
South Bend, ID-iiana
Dear Hr. Nepiet.h
The Board of Pardo. Conr-ii sioners is requesting the Camon CoLmcil to approve
the enclosed resolution permitting the .Park Board to proceed with legal re•-
nuirsments for the issuance of $1.7 railli.on dollars of Park District fonds.
The proposed bond issue would be for $700,000.00, for the first phase of the
master plans for the renovation of Potawatomi Zoo; $236,000.00 for the
acquisition of three parcel; of land adjacent to the proposed Century Center;
230,000.00 for the development of Island Park, $39,000.30 for the development
Dof Centennial Park.: $140,000.00 for the development of Pier Park; $250,000.00
for the development of the White Water Way, y19,000.00 for architect fees;
$14,0010.00 for attorney fees and bone: cost and $22,000.00 for contingencies.
If revenue sharing or other funds can be found., the White Water Way Deve?op-
m.ent would not be included in the proposed bond issue and the money desig-
nated for the 14hite 11ater °lay could be added to the zoo renovation.
The Boarcl feels tbat the proposed bond issue would be a great benefit for the
citizens of South Bend. and urges the Corunon Council to approve the enclosed
resolution.
Very truly yours,
DfPART11ENT OF PUBLIC
Jaynes B. Seitz,
Superintendent
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