Loading...
HomeMy WebLinkAboutD-2371-17 Approp to Illinois Street FundSPONSOR: Councilor Rider ORDINANCE NO. D-2371-17 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, AUTHORIZING AND APPROVING AN ADDITIONAL APPROPRIATION OF FUNDS FROM THE OPERATING BALANCE OF THE GENERAL FUND TO ILLINOIS STREET ROAD FUND (#212) Synopsis: Appropriates funds received from the sale of the two Mallard Court properties to the Illinois Street Road Fund (#212). WHEREAS, the City of Carmel recently sold two properties, 300 Mallard Court and 301 Mallard Court ("Properties"), for a total of One Hundred Fifty Three Thousand Two Hundred Thirty Three Dollars and Seventy Nine Cents ($153,233.79); WHEREAS, the funds received from the sale of the Properties were deposited into the City's General Fund (Fund #101); WHEREAS, the Properties were sold as part of the Illinois Street project, and the proceeds need to be transferred via an appropriation from the General Fund into the Illinois Street Road Fund (Fund #212), line item 4462865; WHEREAS, the General Fund currently has excess funds in the amount of One Hundred Fifty Three Thousand Two Hundred Thirty Three Dollars and Seventy Nine Cents ($153,233.79) in the operating balance to appropriate to the Illinois Street Road Fund, line item 4462865. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana, that the following additional sum of money is hereby appropriated out of the General Fund Operating Balance and for the purposes specified, subject to applicable laws, as follows: $153,233.79 from the GENERAL FUND OPERATING Balances To Illinois Street Road Fund (#212): Line item 4462865, Illinois Street $153,233.79 This Ordinance shall be in full force and effect from and after the date of its passage, execution by the Mayor. Ordinance D-2371-17 Page One of Two This Ordinance was prepared by Jon Oberlander, Senior Assistant City Attorney, on 6/21/17 at 4:10 p.m. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. C:\Users\cfivingston\AppDataU-ocal\Microsoft\Windows\Temporary Internet Files\Content.Outlook\5L84KAS1Mdditional Appropriation Ordinance Engineering Illinois Street Road Fund.doc SPONSOR: Councilor Rider PASSED by the Common Council of the City of Carmel, Indiana, this 'day of 2017, by a vote of 4-'�-- ayes and —AC) nays. COMMON COUNCIL FOR THE CITY OF CARMEL ©t �CI `� Sue Finkam, President -16 100 MdWF 'e•d E. Carter Kevin ll. Rider 0 ©� P ff",-2 �A � Jeff Worrell resented by me to the Mayor of the City of armel, Indiana this ,da of 2017, at � AM. Chr 'ne S. Pauley, Jerk-Treasti SVP AMoved by me, Mayor of the City of Carmel, Indiana, thisaZ24ay of J [�' yam— 2017, at _q - ATTz—ia; ChAshne S. Paule Jerk -Treasurer Ordinance D-2371-17 Page Two of Two M. t J es Brainard, Mayor This Ordinance was prepared by Jon Oberlander, Senior Assistant City Attorney, on 6/2//17 at 4:10 p.m. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. C:\Users\clivingston\AppData\Local\Microsoft\Windows\Temporuy Internet Files\Content.Outlook\5L84KASY\Additional Appropriation Ordinance Engineering Illinois Street Road Fund.doc