HomeMy WebLinkAboutAppropriating $232,300 General Park Fund ORDINANCE No. 7691-86
Passed by the Common Council of the City of South Bend, Indiana
October 13 , 19 86
Attest:
City Clerk
IRENE K. GAMMON
Attest: President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 14, 19 86
City Clerk
IRENE K. GAMMON
Approved and signed by me M (1/ 19
Mayor
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SUBSTITUTE
BILL NO. 102-86
ORDINANCE NO. 16q/-5/4
AN ORDINANCE APPROPRIATING $232,300. 00 FROM
THE GENERAL PARK FUND TO ACCOUNT NUMBER
01. 0399.0 - OTHER CONTRACTUAL SERVICE IN
THE PARK MAINTENANCE FUND 01.
STATEMENT OF PURPOSE AND INTENT:
Funds are needed for park improvements, equipment, and for
the payment of such other fees and expenses attributable to the
operation of a professional baseball team at the Stanley
Coveleski Regional Stadium.
Funds are available within the General Park Fund.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the
City of South Bend, Indiana:
SECTION I. That the sum of $232,300. 00 is hereby
appropriated for the year 1986 from the General Park Fund. This
appropriation is to be administered by the Department of Public
Parks and will be distributed as set forth below:
01. 0399. 0 OTHER CONTRACTUALS $232,300. 00
SECTION II. That 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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Member of th %o on Council
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Department of Public c Parks
Administration Building
St. Louis Boulevard at Wayne Street
South Bend, Indiana 46617
PHONE: (219) 284-9401
September 16, 1986
Members of the Common Council
County-City Building
South Bend, Indiana 46601
Common Council Members:
The South Bend Department of Public Parks is requesting the Common
Council to approve the enclosed ordinance appropriating $232,300.00
from the General Park fund to Account #01.0399.0 - Other Contractual
Services.
As a requirement of the Lease/Purchase Statute, the entity providing
the financing must own the land upon which the facility to be leased
is built.
The Lease/Purchase Agreement entered into between the Park Board and
Security Pacific National Bank on December 9, 1985, and as approved
by the State Tax Board , provides for the purchase of the stadium
site by Security Pacific in the amount of the appraised value ($232,300.00) .
These funds will be utilized for park improvements and equipment relating
to the Stanley Coveleski Regional Stadium facility.
Your approval of this ordinance will be appreciated.
Sincerely,
DEPARTMENT OF PU LIC PARKS
fames R. Seitz
Superintendent
JRS:mm
enclosure
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a!n tip Comm Ulountil of tip Q itg of'outli end:
Your Committee of the Whole
to whom was referred
BILL NO.
102-86 A BILL APPROPRIATING $232,300 FROM THE GENERAL PARK FUND TO
ACCOUNT NUMBERED 01.0399. 0, OTHER CONTRACTUAL SERVICE IN THE
PARK MAINTENANCE FUND 01.
Respectfully report that they have examined the matter and that in their opinion
This bill should be recommended to the Council favorable7o—G C� �
Xks
Ann B. Puzzello
Chairman
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