HomeMy WebLinkAboutEstablishing A Nonreverting East Race Waterway Promotional and Development Fund ,
ORDINANCE No. 788688
Passed by the Common Council of the City of South Bend, Indiana_
July 11, 88
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Attest: `'t ` ^-� F e ---- - --�.>} City Clerk
IRENE K. GAMMON
Attest: President o f Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 12, 88
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City Clerk
IRENE K. GAMMON
Approved and signed by me 19
Mayor
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ORDINANCE NO. .72W
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA, ESTABLISHING A NONREVERTING "EAST RACE
WATERWAY PROMOTIONAL AND DEVELOPMENT FUND", AS NEW SECTION
2-169 OF THE MUNICIPAL CODE OF THE CITY OF SOUTH BEND.
STATEMENT OF PURPOSE AND INTENT:
The Common Council has determined that it would be in the City's best
interest to provide a means for allowing a fund to be created and retained
for the purpose of promoting and developing the East Race Waterway.
The Common Council has determined that it is in the best interest of
the City to create a fund to receive donations to be used for the purpose
of promoting and developing the East Race Waterway.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND:
SECTION I. Chapter 2, Article 14 of the Municipal Code of the City of
South Bend, Indiana, is hereby amended by the inclusion of new Section
2-169 which shall read in its entirely as follows:
Sec. 2-169 East Race Waterway Promotional and Development Fund
(a) The East Race Waterway promotional and Development Fund is
established by a separate dedicated fund to be used to receive monies, by
way of donation. All sums of monies so collected and deposited in said
separate dedicated fund shall be used solely for the purpose of promotion
and developing the East Race Waterway. Monies remaining in the fund at
the end of the fiscal year shall not revert to the general fund.
(b) Any and all interest earned on the monies deposited in said
dedicated fund shall remain in the fund.
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.
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M .f the Common Council
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\ `_ Ar Joseph E. Kernan, Mayor
Department of Law
Richard A. Nussbaum, II, City Attorney
June 21, 1988
Mr. John Voorde, President
South Bend Common Council
4th Floor, County-City Building
South Bend, Indiana 46601
RE: East Race Waterway Promotional and Development Fund
Dear John:
We are filing with the City Council an ordinance establishing a
dedicated fund for the purpose of promoting and developing the East
Race Waterway. Due to insurance liability concerns, the private
not-for-profit corporation which had been promoting and developing
the East Race Waterway has been dormant for some time. In order to
ease these liability concerns, the Park Board has passed a
resolution bringing that not-for-profit corporation within the
framework of City government as a subcommittee to the Park Board.
In order to assure that the money which is raised for the
development of the East Race Waterway is used for that specific
purpose, we are requesting that the South Bend Common Council give
favorable recommendation to the establishment of such a fund.
The East Race Waterway is a vital asset in this community, and
we request your favorable recommendation in order to help promote
and develop this facility.
Sincerely,
07464,6d 1/4244-g.), 2Z-
R chard A. Nussbaum, II 'O
City Attorney
RANII:kls
1400 County-City Building • South Bend, Indiana 46601 • 219/284-9241
Thomas L. Bodnar Sandra A. Boyd David C. Chapleau Marva Leonard-Dent
Jenny Pitts Manier Carolyn V. Pfotenhauer Robert C. Rosenfeld
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Mu tile Common Qlounrii of Or CV of$3nn#li rnh:
Your Committee
to whom was referred of the Whole
BILL NO.
48-88 A 'BILL OF THE COMMON COUNCIL' OF THE CITY OF SOUTH BEND,
INDIANA, ESTABLISHING A NONREVERTING "EAST RACE WATERWAY
PROMOTIONAL AND DEVELOPMENT FUND. "
Respectfully-report that they have examined the matter and that in their opinion
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This bill should be recommended to the Council favorable, as amended:
By changing the title to reflect that this amends the code, and
changing Section I to reflect this change
Thomas Zakrzewski Chairman