HomeMy WebLinkAboutD-2408-18 Additional Appropriation from the operation of Mohawk LandingSPONSOR: Councilor Kimball
ORDINANCE NO. D-2408-18
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 THE 2018
DEPARTMENT OF ADMINISTRATION BUDGET
Synopsis: Appropriates revenue received from the operation of the Mohawk Landing property
into the 2018 Department of Administration Budget to allow for the payment of expenses
incurred in operating the property.
WHEREAS, the sum of Ninety Five Thousand Dollars is needed to pay for the annual
operating costs of the City -owned Mohawk Landing property located at the corner of 126th Street and
Rangeline Road (the "Property");
WHEREAS, the General Fund has a cash balance of $96,311.61 of revenue from the Property
to date, with an additional anticipated income of $231,233 over the course of 2018;
WHEREAS, the operating balance of the General Fund currently has excess funds in the
amount of Ninety Five Thousand Dollars ($95,000.00) to appropriate to Department of Administration
budget line item 4358901— Other Exp. — Mohawk Landing.
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:
$95,000.00 from the GENERAL FUND OPERATING (Fund #101) Balances
To
Department of Administration (#1208): Line item 4358901 Other Exp. — Mohawk Landing
$95,000.00
This Ordinance shall be in full force and effect from and after the date of its passage, execution
by the Mayor.
Ordinance D-2408-18
This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 1/22/18 at 4:07 p.m. No subsequent revision to
this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
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Ordinance Mohawk Landing clean.doc
SPONSOR: Councilor Kimball
Page One of Two n
PASSED by the Common Council of the City of Carmel, Indiana, this � day of
2018, by a vote of �0__ ayes and 0 nays.
CO N CO CIL FOR THE CITY OF CARMEL
Kevin D. Rider, President Sue Finkam
Laura D. Campbell
wz�o
r/,
eor . r
H. Bruce Kimball
Presented by me to the Mayor of the City of Can
1�' b i Vlaf v1 2018, at 00 _.M.
h
�dW this 70 dayPf
S. Pauley, C erk-Treasurer
pprovedb me, Mayor of the City of Carmel, Indiana, thi& tO day of
2018, at/ M.
)&es Brainard, Mayor
ATTES
Christ' auley, Cler -Treasurer
Ordinance D-2408-18
Page Two of Two Pages
This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 1/22/18 at 4:07 p.m. No subsequent revision to
this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
C:\Users\jquinn\AppData\Local\Microsoft\Windows\TemporaryInternet Files\Content.0utlook\ZG7CRSHI\D-2408-18 Additional Appropriation
Ordinance Mohawk Landing clean.doc