HomeMy WebLinkAboutNonreverting East Race Waterway Fund ORDINANCE No. 7440-85
Passed by the Common Council of the City of South Bend,Indiana
April 29, 19 85
Attest: '� / 6 �✓ City Clerk
IRENE K. GAMMON
Attest: e� �- 1 -/ President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
April 30, 19 85
City Clerk
IRENE K. GAMMON
Approved and signed by m L 3 0 Ig
Mayor
BILL NO.
ORDINANCE NO. 7o - .
AN ORDINANCE ESTABLISHING A NONREVERTING
"EAST RACE WATERWAY FUND" .
STATEMENT OF PURPOSE AND INTENT:
The East Race Waterway, 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 promote, operate and improve the East Race, funds
are expected to be received from both public and private sources ,
designated for use specifically related to the East Race. It is
necessary to establish a nonreverting fund to receive these monies
and to disperse them solely for East Race purposes.
NOW, THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON
COUNCIL, as follows :
SECTION I. An "East Race Waterway Fund" 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 East Race events and
operations .
SECTION II. All sums of money collected and deposited in
the East Race Waterway Fund shall be used solely for purposes of
promotion, operation, and improvement of the East Race Waterway and
areas and activities directly associated therewith.
SECTION III . Any and all interest earned on monies
deposited in the East Race Waterway Fund shall remain in the fund.
SECTION IV. Monies remaining in the East Race Waterway
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.
e ���
m er o the , mmon Council
P U Bt/c,
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°w H gE Department of Public Parks
Administration Building
St. Louis Boulevard at Wayne Street
South Bend, Indiana 46617
PHONE: (219) 284-9401
April 2, 1985
Members of the Common Council
County-City Building
South Bend, Indiana 46601
Dear Members of the Common Council,
The Department of Public Parks is requesting the Common Council to
approve an ordinance establishing a nonreverting fund for the East Race
Waterway Park.
The East Race has received enthusiastic support from the community
and from many individuals and groups with the pledge to contribute funds
for the promotion, operation and improvement of the East Race.
To make sure these funds are used solely for the above stated purpose
the Park Department is requesting the Common Council to establish a
nonreverting East Race Waterway Fund as a vehicle to receive and disperse
funds for the above stated purposes.
The Park Department believes that the establishment of a nonreverting
East Race Waterway Fund will be beneficial to the operation of the East
Race Waterway Park and requests the Common Council's consideration in
approving the Nonreverting Fund Ordinance.
Very truly yours,
DEPARTMENT OF PUBLIC PARKS
c'orriba('
1James R. Seitz,
,Superintendent
JRS:dlm
finmmtttrt apart
0/o the Comm Mount% of the Mitg of'outh Eno):
Your Committee of the Whole
to whom was referred
BILL NO.
19-85 A BILL ESTABLISHING A NONREVERTING "EAST RACE WATERWAY
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 PUSLISNING Co.