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HomeMy WebLinkAboutCC-05-17-21-02/Community Crossing Grant Transfer from Grant Fund to MVH FundSPONSORS: Councilors Aasen, Green and Nelson This Resolution was prepared by Jon Oberlander, Carmel Assistant Corporation Counsel, on May 4, 2021 at 10:48 p.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. RESOLUTION CC 05-17-21-02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, APPROVING A TRANSFER OF FUNDS BETWEEN THE GRANT FUND (#900) AND THE MOTOR VEHICLE HIGHWAY FUND (#201) Synopsis: Transfers $1,000,000.00 received by the City for the INDOT Community Crossing Grant from the Grant Fund into the Motor Vehicle Highway Fund in order to use the funds for additional street repaving. WHEREAS, the City recently received One Million Dollars ($1,000,000.00) from the INDOT Community Crossing Grant, which was deposited into Grant Fund (#900) ; and WHEREAS, in order to use the grant proceeds for additional street repaving, the funds must be transferred from the Grant Fund into the Motor Vehicle Highway Fund (#201); and WHEREAS, the Grant Fund (#900) has excess funds in the amount of One Million Dollars ($1,000,000.00) to transfer into the Motor Vehicle Highway Fund (#201). NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, that the Controller is authorized to transfer funds between the Grant Fund (#900) and the Motor Vehicle Highway Fund (#201) as follows: $1,000,000.00 from the Grant Fund (#900) TO Motor Vehicle Highway Fund (#201) - $1,000,000.00 CC 05-17-21-02 Page One of Two Pages DocuSign Envelope ID: 5720F431-AB73-499B-A868-043DF1652D63 SPONSORS: Councilors Aasen, Green and Nelson This Resolution was prepared by Jon Oberlander, Carmel Assistant Corporation Counsel, on May 4, 2021 at 10:48 p.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of ________, 2021, by a vote of _____ ayes and _____ nays. COMMON COUNCIL FOR THE CITY OF CARMEL ___________________________________ Sue Finkam, President Kevin D. Rider, Vice-President ___________________________________ ____________________________________ Laura Campbell H. Bruce Kimball ___________________________________ ____________________________________ Jeff Worrell Anthony Green ___________________________________ ___________________________________ Adam Aasen Tim Hannon ___________________________________ Miles Nelson ATTEST: __________________________________ Sue Wolfgang, Clerk Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of _________________________ 2021, at _______ __.M. ____________________________________ Sue Wolfgang, Clerk Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of ________________________ 2021, at _______ __.M. ____________________________________ James Brainard, Mayor ATTEST: ___________________________________ Sue Wolfgang, Clerk CC 05-17-21-02 Page Two of Two Pages DocuSign Envelope ID: 5720F431-AB73-499B-A868-043DF1652D63 May 19th May 19th 0 A 8 A May 10:30 17th 9:00 Not Present