HomeMy WebLinkAboutResolution CC-10-17-16-01 (Failed)Sponsors: Councilor Carter
RESOLUTION CC -10-17-16-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA, AUTHORIZATING TRANSFER OF UNENCUMBERED BALANCE FROM
THE RAINY DAY FUND
Synopsis: Resolution finding the $15,3 74,140 transfer of Rainy Day Fund balance and -
subsequent expenditure will be consistent with intent of Fund. Per a recent DLGF memo,
such a finding is needed for State approval of the appropriations.
WHEREAS, the Common Council intends to appropriate for transfer $15,374,140 of the
unencumbered balance of the Rainy Day Fund; and
WHEREAS, the $15,374,140 is expected to be expended on road and street system
projects; and \
WHEREAS, Rainy Day Fund
Department of Local Government Fina
WHEREAS, the DLGF issued a m orand
fund appropriation should be accompanied by a i
use is consistent with the expressed ' t of the fund.
are subject to the approval of the Indiana
q, (0
on April 24, 2016, stating a rainy day
from the fiscal body that the proposed
NOW, THEREFORE, BE T RESO ED by the Common Council of the City of
Carmel, Hamilton County, na:
Section 1. The propdWd use of t ainy Day Fund to appropriate $15,374,140 so that the
amount may be transferred to ano fund and subsequently expended on road and street system
projects is consistent with the expressed iNcat of the Fund.
Prepared by Benjamin W. Roeger on October 4, 2016, as suggested language only and not as legal advice. No subsequent
revision has been reviewed by Mr. Roeger. (Version A)
Resolved by the Common Council of the City of Carmel, Indiana this day of
, 2016, by a vote of ayes and nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
U111 0001,_�,zd.
Ronald X. tarter, resident Sue Finkam
Q 0 No V n no (gc,_Q.A
Kevin Ricter Carol chleif
(9 -0 �,, ��
Laura ampbell
Jeff Worrell
Bruce Kimball
Presented by me to the Mayor of the City of Carmel, Indiana this day of
2016, at _.M.
Christine S. Pauley, Clerk -Treasurer
Approved by me, Mayor of the City of Carmel, Indiana, this day of
2016, at .M.
James Brainard, Mayor
ATTEST:
Christine S. Pauley, Clerk -Treasurer
Approved by me, Mayor of the City of Carmel, Indiana, this day of
. 2016, at O'clock, M.
James Brainard, Mayor
ATTEST:
Christine S. Pauley, Clerk -Treasurer
Prepared by Benjamin W. Roeger on October 4, 2016, as suggested language only and not as legal advice. No subsequent
revision has been reviewed by Mr. Roeger. (Version A)