The URL can be used to link to this page

Home My WebLink AboutD-2407-18 Establishes the Events and Festivals FundSponsor: Councilor Rider ORDINANCE D-2407-18 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, ADDING CHAPTER 2, ARTICLE 4, SECTION 2-149 TO THE CARMEL CITY CODE Synopsis: Establishes the City of Carmel Non -Reverting Events and Festivals Fund (Fund #923), which Fund shall be used to hold monies received and expended for City events and festivals. 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 various City events and festivals; 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 of City events and festivals; 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 2-149 is hereby added to the Carmel City Code and shall read as follows: "Sec 2-149 Non -Reverting Events and Festivals Fund (Fund #923) (a) There is established a City of Carmel Non -Reverting Events and Festivals Fund. (b) The funds contained in the Non -Reverting Events and Festivals Fund shall be received and deposited therein from all lawful sources in accordance with applicable law. (c) The funds in the Non -Reverting Events and Festivals Fund shall only be used for the operation of City events and festivals. Ordinance D-2407-18 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 1 revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. Sponsor: Councilor Rider (d) Monies in the Non -Reverting Events and Festivals Fund shall not be transferred into the General Fund, except as provided by applicable law. (e) The Non -Reverting Events and Festivals Fund shall be administered by the Department of Community Relations and Economic Development. (f) The funds contained in the Non -Reverting Events and Festivals 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 Events and Festivals Fund. (g) In the event the Non -Reverting Events and Festivals 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 (#923). 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-2407-18 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. Sponsor: Councilor Rider PASSED by the Common Council of the City of Carmel, Indiana this 2018, by a vote of -- 7 ayes and �_ nays. ,COMMON CIL R T Kevin D. Rider, Vice -President Laura D. Campbell nald E. Carter A stine S. Pauley Clerk -Treasurer eday of H. Bruce Kimball Presented by me to the Mayor of the Ci of Carmel, Indiana this day of 2018, at I l ' M. Christine S. j0duley, Clerk - by me, Mayor of the City of Carmel, Indiana, this P—day of 2018, at 22 `' %' .M. 4 �2� James Brainard, Mayo A S�' C Chhstine S. Paul , Clerk - Ordinance D-2407-18 Page Three 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 3 revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.