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HomeMy WebLinkAboutEstablishing Stanley Coveleski Stadium Park Fund ORDINANCE No. 7492-85 Passed by the Common Council of the City of South Bend, Indiana July 22, 19 85 Attest: K City Clerk IRENE K. GAMMON Attest: -QZ_ resident of Common Council Presented by me to the Mayor of the City of South Bend, Indiana July 23, 19 85 City Clerk IRENE K. GAMMON Approved and signed by me JUL/ ?� �9 f1 - ayor BILL NO. ORDINANCE NO. 7 411°V_86' AN ORDINANCE ESTABLISHING A NONREVERTING "STANLEY COVELESKI STADIUM PARK FUND" . STATEMENT OF PURPOSE AND INTENT: The Stanley Coveleski Stadium Park, to be acquired, built and operated by the South Bend Parks Department Board of Park Commissioners, has inspired substantial enthusiasm and support from many areas of the community as well as from many individuals and groups throughout the community. To acquire, develop, maintain, and improve the Stanley Coveleski Stadium Park, funds have been and are expected to be received from both public and private sources, designated for use specifically related to the Stanley Coveleski Stadium Park. It is necessary to establish a nonreverting fund to receive these monies and to disperse them solely for Stanley Coveleski Stadium Park purposes . NOW, THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON COUNCIL, as follows : SECTION I. A. "Stanley Coveleski Stadium Park" is established as a separate dedicated fund to be administered by the Parks Department and to be used solely to receive monies by way of donation, appropriation, and revenue from Stanley Coveleski Stadium Park events and operations . SECTION II. All sums of money collected and deposited in the Stanley Coveleski Stadium Park Fund shall be used solely for purposes of acquisition, development, maintenance, and improvement of the Stanley Coveleski Stadium Park and areas and activities directly associated therewith. SECTION III. Any and all interest earned on monies deposited in the Stanley Coveleski Stadium Park Fund shall remain in the fund . SECTION IV. Monies remaining in the Stanley Coveleski Stadium Park Fund at the end of the fiscal year shall not revert to the general fund. SECTION V. This ordinance shall remain in full force and effect from and after its passage by the Common Council and approval by the Mayor. Member of the Co mon Council of PUB(/c, A.710 p o oUT e� Department of Public Parks Administration Building St. Louis Boulevard at Wayne Street South Bend, Indiana 46617 PHONE: (219) 284-9401 June 28, 1985 Members of The Common Council County-City Building South Bend, IN 46601 Dear Members of The Common Council: The Department of Public Parks is requesting the Common Council to approve an ordinance establishing a non-reverting fund for the Stanley Coveleski Stadium Park. The proposed Stanley Coveleski Stadium Park has received en- thusiastic support from the community and from many individuals and groups with pledges to contribute funds for the construction and development of the Coveleski Stadium Park. To make sure these funds are used solely for the above stated purposes the Park Department is requesting the Common Council to establish a non-reverting Stanley Coveleski Stadium Park Fund as a vehicle to receive and disperse funds for the above stated purposes. The Park Department believes that the establishment of a non- reverting Stanley Coveleski Stadium Park Fund will be beneficial toward the construction and development of the Coveleski Stadium Park. The Park Department requests the Council approval of the enclosed ordinance. Sincerely, DEPARTMENT OF PUBLIC PARKS co-7,4_44.1/ is // ' Atd 4'mes R Seitz ! ,Superintendent JRS:mm finmmt##rr arpnrt cXo the M ntnton Toning of Up Min of'outli rnd: Your Committee of the Whole to whom was referred BILL NO. 78-85 A BILL ESTABLISHING A NONREVERTING "STANLEY COVELESKI STADIUM PARK FUND. " Respectfully report that they have examined the matter and that in their opinion This bill should be recommended to the Council favorable Joseph T. Serge Chairman FREE PRESS AEBNiu PUBLISHING CO.