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On the sign:
בריכת המים נבנתה ע"י מייסדי שכונת נוה שאנן בשנת 1923 ושופצה ע"י אגף הנכסים בעיריית חיפה בשנת ה-50 למדינת ישראל - אלול תשנ"ח, ספטמבר 1998 [סמל העיר חיפה]
There is another sign on the building that reads: [סמל העיר חיפה] בריכת המים בנוה שאנן נוסדה - 1923, שופצה - 1998
[translation] [Haifa city symbol] The water pool in Neve Shanan Founded - 1923, renovated - 1998 Click for a larger image
Translation of the text on the sign: The water pool was built by the founders of the Neve Shaanan neighborhood in 1923 and renovated by the Property Department of the Haifa Municipality in the 50th year of the State of Israel - Elul 1998, September 1998 [Haifa city symbol]