The Logansport Parks administrator says Huston Park is on its way toward financial self-sufficiency after a local bank contributed toward establishing a maintenance trust fund.
The Logansport Parks and Recreation Department announced Wednesday that Security Federal Savings Bank in Logansport contributed $10,000 toward the park's maintenance trust fund. Money raised by the Logansport Parks and Recreation Foundation through donors puts the fund at a total of $15,000.
"This is one of our big goals," Logansport Parks Administrator Jan Fawley said. "As we were working toward this big project, we always said we will have a maintenance fund to help with costs down the road."
Fawley said the maintenance fund won't be used for expenses like mowing or routine repairs, but for major repairs, new playground equipment or other extras the regular budget won't be able to sustain. She added it could also be used to spark financing for future improvements like adding lights and bleachers to what will become the park's soccer and football practice fields.
"This could be grant match money," she said.
Judy McNarny, a member of the Logansport Parks and Recreation Foundation, offered further examples, like adding baseball and softball fields and an amphitheater to the park.
"We need this to make sure the park can keep going," McNarny said. "We have great visions and ideas; it just takes money."
The 80-acre Huston Park, located in the 1700 block of Smith Street, offers 1 1/2 miles of walking trails, a playground, parking lot, restrooms and a multi-purpose meadow that will provide space for football and soccer teams to practice, festivals and casual recreation.
Lynne Ness, vice president of business development and marketing at Security Federal Savings Bank, said the donation stemmed from a unanimous decision made by the bank's board of directors.
"They felt it was extremely important to help Huston Park and build on the continuation of the park," she said.
Fawley, McNarny and Ness said they hope contributions to the fund will continue.
"Hopefully there will be other businesses and individuals to step up and donate and help the park," Ness said.
Ness said the bank will not require any fees from the fund until it reaches $100,000.
The establishment of the fund comes amid the city administration's urging of the parks and recreation department and board to reduce expenses required by the city. The parks and recreation board is currently continuing its efforts in that regard by offering more than 10 park properties for sale, lease or sponsorship.
Mitchell Kirk is a staff reporter at the Pharos-Tribune. He can be reached at 574-732-5130 or email@example.com. Follow him: @PharosMAK
NOTE: An earlier version of this article incorrectly reported what the new fund would support. It has been updated to include the correct information. We regret the error.