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HomeMy WebLinkAboutD-2441-18 Amends the Carmel Historic Preservation FundSponsor: Councilor Carter ORDINANCE D-2441-18 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, AMENDING CHAPTER 2, ARTICLE 4, SECTION 2-140 OF THE CARMEL CITY CODE Synopsis: Amends the Carmel Historic Preservation Fund (#507) to make it a non -reverting fund. 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, in 2012, the Common Council of the City of Carmel, Indiana adopted Ordinance D-2088-12, which established the reverting Carmel Historic Preservation Fund (#507) (the "Fund"); and WHEREAS, retaining the money deposited in the Fund on a year -over -year basis would enable the Commission to undertake larger projects and better fulfill its mission; and WHEREAS, in order to prevent money that is deposited into the Fund from reverting to the General Fund at the end of each year, it is necessary to amend the Fund to make it a non - reverting fund. 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 2-140 is hereby added to the Carmel City Code and shall read as follows: "Sec 2-140 Non -Reverting Carmel Historic Preservation Fund #507. (a) There is established a Non -Reverting Carmel Historic Preservation Fund to be used exclusively for the purpose of accepting and disbursing monies. (b) This fund shall be identified as Fund #507 and shall be administered by the fiscal officer of the City of Carmel. (c) The funds contained in the Non -Reverting Carmel Historic Preservation Fund shall be received and deposited therein from all lawful sources in accordance with applicable law. Ordinance D-2441-18 Page One of Three This Ordinance was prepared by Jon A. Oberlander, Assistant City Attorney, on 10/3/18 at 10:31 am. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. Sponsor: Councilor Carter (d) Monies in the Non -Reverting Carmel Historic Preservation Fund shall not be transferred into the General Fund, except as provided by applicable law. (e) The funds contained in the Non -Reverting Carmel Historic Preservation 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 Carmel Historic Preservation Fund. (f) In the event the Non -Reverting Carmel Historic Preservation Fund is terminated, all unexpended funds maintained therein shall be distributed to the City and deposited in the General Fund." Section 3. 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. 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 5. This Ordinance shall be in full force and effect from and after its passage and signing by the Mayor. Ordinance D-2441-18 Page Two of Three This Ordinance was prepared by Jon A. Oberlander, Assistant City Attorney, on 10/3/18 at 10:31 am. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. Sponsor: Councilor Carter --f V( PA$SED by the Common Council of the City of Carmel, Indiana this l4) day of V' 2018, by a vote of ayes and 0 nays. CO CO IL FOR THE CITY OF CARMEL Kevin D. Rider, President Sue Finkam Jef W , Vice -President Anthony en Laura D. Campbell Q/� ��6 ,-.as . d E. Cwter rC�^ Christine S. Paule3(,'Clerk-Treasurer Presented by me to the Mayor of the �[ 2 k q> V 2018, at H. Bruce Kimball �f Approved by me, Mayor of the Cit of Carmel, Indiana, this X�day of MZAPC ;`- 2018, at City of , Ordinance D-2441-18 Page Three of Three -Treasurer James Brainard, Mayor This Ordinance was prepared by Jon A. Oberlander, Assistant City Attorney, on 10/3/18 at 10:31 am. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.