HomeMy WebLinkAboutD-2460-19 Appropriates Funds into the MVH Fund SPONSORS: Councilors Worrell, Finkam
and Kimball
ORDINANCE NO. D-2460-19
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL,INDIANA,
AUTHORIZING AND APPROVING AN APPROPRIATION OF FUNDS FROM THE
OPERATING BALANCE OF THE MOTOR VEHICLE HIGHWAY FUND (FUND#201)
Synopsis: Appropriates additional funds to enable the City to repave more streets as part of the
2019 paving project.
WHEREAS, the City of Carmel Common Council has authorized the transfer of $1,000,000
from the operating balance of the General Fund into the operating balance of the Motor Vehicle
Highway Fund (Fund #201) (the "MVH Fund") for the purpose of enabling more streets to be repaved
as part of the 2019 paving project; and
WHEREAS, in order for the Street Department to expend the funds transferred from the
General Fund for additional repaving, they must be appropriated into the appropriate budget line item
within the 2019 Motor Vehicle Highway Fund Street Department Budget; and
WHEREAS, the operating balance of the Motor Vehicle Highway Fund (Fund#201) currently
has excess funds in the amount of One Million Dollars($1,000,000.00); and
WHEREAS, it is in the public interest to now appropriate such funds accordingly.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana,
that the following sum of money is hereby appropriated from the Motor Vehicle Highway Fund (Fund
#201)Operating Balance and for the purposes specified, subject to applicable laws, as follows:
$1,000,000.00 from the MOTOR VEHICLE HIGHWAY FUND (FUND#201) Operating Balance
To
MOTOR VEHICLE HIGHWAY FUND (FUND#201) Street Department(#2201): Line Item 43-
502.00 Street Repaving-$1,000,000.00
This Ordinance shall be in full force and effect from and after the date of its passage, execution
by the Mayor.
Ordinance D-2460-19
Page One of Two
This Ordinance was prepared by Jon A.Oberlander,Assistant Corporation Counsel,on 4/3/19 at 9:08 a.m.No subsequent revision to
this Ordinance has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
SPONSORS: Councilors Worrell, Finkam
and Kimball
/117
A PASSED by the Common Council of the City of Cannel, Indiana this /2 day of
l7 i)V ' i 2019,by a vote of 7 ayes and Q nays.
CO COUNCIL FOR THE CITY OF C L
Je 1, President An ony re
7.4"--(-f---(---4 (-4:1L'r1119i4-Q-- ----- TAXLe-i2-- / A.----()Lir
Laura D. Campbell, Vice-Presid nt H. Bruce Kimball
., _.-7.Z
,i
onald E. Carter Kevin D. Rider
i , 4
S - kam 1
ATTEST?
f / /
C ' tine S. Pauley, Clerk-Treasurer
Presented by me to the Mayor of the Cit of armei;� a this / day,9f 9
(i ( 2019, at C4 . a /
/
________.
Chris ine S. Pauley,Clerk-Treasurer
Approved y me, Mayor of the Cityy of C el, Indiana, this , day of
/S 1
2019, at .
James i ' inard, Mayor
t7/TTE
Christine S. Pauley, Clerk-Treasurer
/
Ordinance D-2460-19
Page Two of Two
This Ordinance was prepared by Jon A.Oberlander,Assistant Corporation Counsel,on 4/3/19 at 9:08 am.No subsequent revision to
this Ordinance has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.