HomeMy WebLinkAboutTransfer of Funds $125,000.00 from Other Materials "Land"ORDINANCE No. 5644 -74
Passed by the Common Council of the City of South Bend,
FEBRUARY 25
YD rXYV V l A l"IA AT
Presented by me to the Mayor of the City of South Bend,
FEBRUARY 26
Approved and signed by me 4 _ =_• a -/ ,
Clerk
Of Common Council
IRENE K. GAMMON
Clerk
ORDINANCE NO. S&gkj -'714
AN ORDINANCE FOR THE TRANSFER OF FUNDS WITHIN THE
CUMULATIVE CAPITAL IMPROVEMENT FUND, IN THE AMOUNT OF
$125,000.00 FROM ACCOUNT 440.0 "OTHER MATERIALS" TO
ACCOUNT 730.0, "LAND ", BOTH ACCOUNTS BEING WITHIN
THE CUMULATIVE CAPITAL IMPROVEMENT FUND BUDGET OF
THE CITY OF SOUTH BEND, INDIANA.
WHEREAS, certain extraordinary conditions have developed since
the adoption of the existing annual budget, so that it is now necessary
to appropriate more money for an account than was appropriated in the
annual budget for the various functions of City Government to meet such
extraordinary conditions; and
WHEREAS, a surplus exists in another account where it is not
presently needed and more specifically as follows, to -wit:
$125,000.00 in Account 440 -0, "Other Material"
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the
City of South Bend, Indiana, that:
SECTION I. That the sum of $125,000.00 be transferred from
Account 440.0 "Other Materials" to Account 730.0, "Land ", both accounts
being within the Cumulative Capital Improvement Fund.
SECTION II. This Ordinance shall be in full force and effect
from and after its passage by the Common Council, its approval by the
Mayor and the fulfillment of all statutory requirements for emergency
appropriations.
Member of the Co Council
FILED IN CLERK'S OFFICE
1st READING a_ i i _'7 y
PUBLIC HEARING a - a s- 7 y
2nd READING a -a S- y FEB 5 1974
NOT APPROVED
REFERRED
PASSED Irene Gammon
� _ a S- � Y
CITY CLERK, SOUTH BEND, IND.
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Xv the Tommu Tonurd of the (Mg of Enoch Emb:
Your Committee of the Whole
to whom was referred
AN ORDINANCE FOR THE TRANSFER OF FUNDS
WITHIN THE CUMULATIVE CAPITAL IMPROVEMENT
FUND, IN THE AMOUNT OF $125,000.00 FROM
ACCOUNT 440.0 "OTHER MATERIALS" TO
ACCOUNT 730.0 "LAND ", BOTH ACCOUNTS
BEING WITHIN THE CUMULATIVE CAPITAL
IMPROVEMENT FUND BUDGET OF THE CITY
OF SOUTH BEND, INDIANA.
Respectfully report that they have examined the matter and that in their opinion the Ordinance should go
to the Council as favorable.
Odell Newburn
Chairman
PI.E. PPE. PV 9LIf MIN4 CO.
Department of Publie Parks
Administration Building
St. Louis Boulevard at Wayne Street
South Bend, Indiana 46617
PHONE: (219) 284 -9401
February.5,1974
Mr. Peter Nemeth, President
South Bend Common Council
County -City Building
227 West Jefferson Boulevard
South Bend, Indiana
Dear Mr. Nemeth:
The Board of Park Commissioners is hereby requesting the
Common Council to approve the enclosed ordinance to trans-
fer $125,000.00 from Account number 440.0, Materials to
Account number 730.0, Properties, Land.
The Park Board has options to purchase approximately twenty -
nine acres of land on Edison Road just west of Hickory Road,
now owned by the South Bend Community School Corporation for
$112.,500.00 (A down payment of $12;.500..00 has been paid for
the property).
The Board has received a petition from six hundred property
owners in the area requesting the Park Department to purchase
the land and develop it into much needed park and recreation
facilities.
The Park Department is aware of the shortage of open space
in this area of the city and feels that the open space should
be purchased at this time to preserve the area for future
park and recreation development.
The balance of the funds, $12,500.00, will be used to finalize
the purchase of 34.65 acres of land in the Belleville Gardens
area. Again, the Board received a petition from the property
owners in the area, requesting the Park Department to acquire
land for park purposes. The Park Department has made a down
payment of $22,500.00 for the land.
Mr. Peter Nemeth
Page 2
The Park Board feels that the Belleville property should be
acquired at this time and held for future development of park
and recreation facilities.
In both land acquisition projects, the Park Board has a grant
approved from the Bureau of Outdoor Recreation to pay for
fifty per cent of the acquisition cost.
Very truly yours,
DEPARTMENT OF P/VB L C PARKS
1
F,7es R. Seitz,
erintendent
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