Huntington Beach-based Triad Financial Corp. has donated $8,000 to the city to install a bench in Heisler Park in remembrance of the 1998 Laguna Beach ocean accident that killed two Triad employees.

The city’s Arts Commission voted at its Monday meeting to launch a design competition in April.

The bench will be installed at the north end of Heisler Park, overlooking Giggle Crack, where the accident occurred May 14, 1998.

A couple were walking near the cove with the woman’s young daughter when the girl and the woman slipped into the water. The man, Zack Kunzler, jumped in to save them, but only the young girl survived.