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HomeMy WebLinkAboutD-2404-17 Establishes Center Green Ice Rink FundSponsor: Councilor Finkam ORDINANCE D-2404-17 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, ADDING CHAPTER 2, ARTICLE 4, SECTION 2-148 TO THE CARMEL CITY CODE Synopsis: Establishes the City of Carmel Non -Reverting Center Green Ice Rink Fund (Fund #922), which Fund shall be used to hold monies received and expended for the operation and maintenance of the ice rink located at the Palladium Center Green. WHEREAS, the Common Council of the City of Carmel, Indiana is, pursuant to Indiana Code 36-4-6-18, authorized to pass ordinances and resolutions regarding the control of the City's finances and the appropriation of money; and WHEREAS, the Common Council of the City of Carmel desires to establish a non - reverting fund (the "Fund'.') for the revenue and expenses associated with the operation of the City -owned ice rink located at the Palladium Center Green (the "Center Green Ice Rink"); and WHEREAS, the Fund may receive revenue from private sources, public sources, grants and the City may contribute to the fund itself; and WHEREAS, monies from the Fund will be used to pay for the operation and maintenance of the Center Green Ice Rink; and WHEREAS, the creation of the Fund is in the public interest. NOW, THEREFORE, BE IT ORDAINED, by the Common Council of the City of Carmel, Indiana, as follows: Section 1: The foregoing Recitals are incorporated herein by this reference. Section 2: That Chapter 2, Article 4, Section 2-148 is hereby added to the Carmel City Code and shall read as follows: "Sec 2-148 Non -Reverting Center Green Ice Rink Fund (Fund #922) (a) There is established a City of Carmel Non -Reverting Center Green Ice Rink Fund. (b) The funds contained in the Non -Reverting Center Green Ice Rink Fund shall be received and deposited therein from all lawful sources in accordance with applicable law. (c) The funds in the Non -Reverting Center Green Ice Rink Fund shall only be used for the operation and maintenance of the Center Green Ice Rink. Ordinance D-2404-17 Page One of Three This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 11/21/17 at 11:11 a.m. No subsequent ] revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. Sponsor: Councilor Finkam (d) Monies in the Non -Reverting Center Green Ice Rink Fund shall not be transferred into the General Fund, except as provided by applicable law. (e) The Non -Reverting Center Green Ice Rink Fund shall. be administered by the Department of Community Relations and Economic Development. (f) The funds contained in the Non -Reverting Center Green Ice Rink Fund shall be accounted for and maintained separate and apart from all other City funds, and shall be invested with the interest earned thereon deposited in the Non -Reverting Center Green Ice Rink Fund. (g) In the event the Non -Reverting Center Green Ice Rink Fund is terminated, all unexpended funds maintained therein shall be distributed to the City and deposited in the General Fund." Section 3. That the remaining provisions of Carmel City Code Chapter 2, Article 4, are not affected by this Ordinance and remain in full force and effect. Section 4. This Fund shall be identified as fund (#2L2). Section 5. If any portion of this Ordinance is for any reason declared to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portions of this Ordinance so long as enforcement of same can be given the same effect. Section 6. This Ordinance shall be in full force and effect from and after its passage and signing by the Mayor. Ordinance D-2404-17 Page Two of Three This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 11/21/17 at 11:11 a.m. No subsequent 2 revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. Sue Sponsor: Councilor Finkam PASSED by the Common Council of the City of Carmel, Indiana this day of CCS�j't✓ 2017, by a vote of ayes and C) nays. COMMON COUNCIL FOR THE CITY OF CARMEL D. Rider, Vice - Laura D. Campbell n E. Carter ATTEST: Christin S. Pauley, Clerk -treasurer Presented by me to the Mayor of the City i "1M �7t 1- 2017, at 12 k Ajithony Green 40 Carmel, Indiana tl�� day of istine S. Pa )ley, Clerk - ,l 1( Approvy me, Mayor of the City of Carmel, Indiana, this 7 ay of d U� rea e�p 2017, at } ames Brainard, Mayor Ordinance D-2404-17 Page Three of Three This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 11/21/17 at 11:11 am. No subsequent 3 revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.