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2001-35 AMENDING CITY ORDINANCE NUMBER 2001-08
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2001-35 AMENDING CITY ORDINANCE NUMBER 2001-08
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3/2/2016 11:54:18 AM
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Resolution/Ordinance
Res Ord Num
2001-35
Res Ord Title
AMENDING CITY ORDINANCE NUMBER 2001-08, ADOPTED BY THE COUNCIL ON THE 5TH DAY OF MARCH, 2001
Approved Date
4/27/2001
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Only in very general terms do we have an idea of what expense might be necessary to <br /> improve public facilities at Millikin University in order to meet the team requirements. It is likely <br /> that some facilities owned by the University and/or the Park District can be modified to meet the <br /> needs of the Bears, and thereby avoid all new construction. <br /> It is clear, however, that accessing a capital fund to pay construction costs of new or <br /> improved playing fields, and other necessary improvements will be required, and commitment to <br /> do so may be required on short notice. In order to maximize our ability to attract the camp, it is <br /> desirable to authorize such expenses, so that a commitment can be made to the Bears <br /> organization. <br /> Attachment A is an ordinance which authorizes the City to access our line of credit to <br /> finance improvements as may be necessary to host the summer camp. <br /> Attachment B is another report to City Council, which discusses the financial structure, <br /> and various options available to retire whatever debt might be incuned. <br /> Members of the Welcome Home Bears Committee will be present at the Friday meeting to <br /> provide any answers to the extent that answers can be provided. <br />
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