02-27-12 Council Agenda & Packet

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ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING $208,735.00 FROM THE NONREVERTING LOSS RECOVERY FUND (NO. 227) IN 2012 FOR IMPROVEMENTS AT BELLEVILLE AND HOWARD PARKS STATEMENT OF PURPOSE AND INTENT On December 8, 2008, the City of South Bend established the Nonreverting Loss Recovery Fund No. 227 to receive payments from third parties arising from damage to City tangible and intangible property (Ordinance No. 9890-08). On November 8, 2011, the City of South Bend received a check from McLarens Young International, Inc. in the amount of$208,735.00 for insurance reimbursement for fire damage at the "Friendship Station"playground complex at Bellville Park. The check was deposited into Fund 227. The playground was built with donations from the Rotary Club of South Bend several years ago. The South Bend Parks and Recreation Department estimates the cost to replace the playground equipment at approximately$150,000.00. The new equipment will be metal and will be designed for ages 2-12. The complex will include climbers, slides,jumping features and other fun amenities for the children. The balance of the $208,735.00 in insurance proceeds received will be used for improvements at Howard Park in partnership with the Rotary Club of South Bend. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I: The sum of$208,735.00 is hereby appropriated in the fiscal year 2012 and ordered set apart from and within the Nonreverting Loss Recovery Fund No. 227 for improvements at Belleville and Howard Parks, SECTION 11. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. ,0- Attest: Member of the Common Council Vic,?aa ho r ayse ' 'w;� Ctt: s iii. . p.,:siy City Clerk Council af.� a'c 4 0 t Presented by me to the Mayor of the City of South Bend, Indiana, on the day of , 2012, at o'clock . m.