Members of the task force say the specifics of their recommendation will be made public if and when City Council approves.
The roundabout at Sare and Rogers roads cost nearly $2.5 million and was completed four days ahead of schedule.
City leaders are expecting a "suprisingly strong" 2013 budget.
Property owner David Jacobs will now have to conform the designs of his future home to guidelines set forth by the Historic Preservation Commission.
Other concepts for the park include a dog park, a splash pad, basketball courts, bocce ball courts, wooded walking trails, and community gardens.
The redistricting resolution excludes the 3,200 inmates in Terre Haute's federal prison.
The proposal now goes to Mayor Ballard's desk for approval.
The Bloomington City Council voted Wednesday to designate the Burns' home as historic.
Ellettsville officials could be putting the discussion on hold until a decision is made on the statewide smoking ban.
The owners of a historic home in Bloomington want to move it and build student housing on the lot.