HomeMy WebLinkAboutResolution CC-10-01-18-01 Transfer to Illinois Street Road Fund SPONSOR: Councilor Finkam
RESOLUTION CC 10-01-18-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL=
INDIANA,APPROVING A TRANSFER OF FUNDS BETWEEN THE GENERAL FUND
(#101) AND THE ILLINOIS STREET ROAD FUND (#212)
Synopsis: Transfers funds received from the sale of the two Mallard Court properties from
the General Fund(#101)to the Illinois Street Road Fund (#212).
WHEREAS, the City of Carmel 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 from the General Fund (#101) into the Illinois Street Road Fund
(Fund#212);
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 transfer to the Illinois Street Road Fund.
NOW,THEREFORE,BE IT RESOLVED by the Common Council of the City of
Carmel, Indiana,that the Clerk-Treasurer is authorized to transfer funds from General Fund to
the Illinois Street Road Fund as follows:
$153,233.79 from the GENERAL FUND OPERATING Balances
To
Illinois Street Road Fund (#212) -$153,233.79
CC 10-01-18-01
Page One of Two Pages
This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on September 14,2018 at 9:58
a.m.No subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or
otherwise.
SPONSOR: Councilor Finkam
SO RESOLVED,by the C on Council; the City of Carmel, Indiana, this/ day
of {,�Y'2018,by a vote of ') ayes and nays.
COMM FOR THE CITY OF CARMEL
Kevin D. Rider,President • . rt
Jeff W , Vice-Pre 'dent Anthony Green
tct- t--u—hCo.chtittp4
i�
Laura D. Campbell H. Bruce Kimball
onald E. Carter
A
410
'stine S. P ley, Clerk-Tres (
CCre ented by me to the Mayor of the CqCrme diana this Z y of
)2--Q 2018, at � .M
istine S. Paul , Clerk-Treasur
Approved by me, Mayor of the City of C el, Indiana, this day of
�/OC 2018, at ' f.M.
es Brainard, Mayor
A E :
"Stine S. Paul , Clerk-Treasure
Resolution CC 10-01-18-01
Page Two of Two Pages
This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on September 14,2018 at 9:58
a.m.No subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or
otherwise.