HomeMy WebLinkAboutCC-10-19-98-02 Reimburse Bond $Resolution No. CC-10-19-98-02
A RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA
PROVIDING FOR GENERAL FUND REIMBURSEMENT OF CITY CENTER REDEVELOPMENT PROJECT
COSTS AND EXPENSES FROM BOND PROCEEDS
WHEREAS, the City of Carmel Redevelopment Commission ("Commission") on behalf of the City of
Carmel has issued bonds to finance the development of the City Center Redevelopment Project ("Project").
WHEREAS, certain costs and expenditures from the City's General Fund Operating Balance were
used for the Project just prior the issuance of the Bonds; and
WHEREAS, pursuant to United States Treasury Regulation Section 1.150-2 and Indiana Code 5-1-
14-6(c), the Common Council desires that said costs and expenses be reimbursed from the proceeds of the
bonds.
NOW THEREFORE, BE IT RESOLVED by the Common Council of The City Of Carmel, Indiana, as
follows:
Pursuant to Treas. Reg. Sec. 1.105-2 and I.C. 5-1-14-6(c), The Common Council hereby
declares that,~'e all costs and expenses incurred by or on behalf of the City for the Project be
reimbursed from the proceeds of the bonds.
2. Such reimbursements shall include, but shall in no way be limited to, the following: a) $15,812.57 paid to W,~b~sh S,jier~til'iE, Inc.
3. This Resolutio~ s~all be in full force and effect from and after its adoption and approval by the
Mayor.
PASSED by the Common Council of the City of Carmel, Indiana this 19 day of October, 1998, by a
vote of ',7 ayes and ,/') nays.
~~er . '
Robert Battreall, President
L ~ der,
Billy ~:;ilker
ATTEST:
Diana L. Cordray, IAMC, Clerk-Trea~
Presented by me to the Mayor of the City of Carmel, Indiana, on the / ,'//Aday of r/f),~-'f-e~4,_ 1998.
Diana L. Cordray, IAMC, Clerk-~'asurer
Approved by me, Mayor of the City of Carmel, Indiana, this
ATTEST:
IAMC, rer
Diana L. Cordray, ~su
//~rhay of ~..,~,'~6~,, 1998.
r~qainard, Mayor