HomeMy WebLinkAboutCC-03-02-81 Purchase/IWC Fac.CITY OF CARMEL, INDIANA
RESOLUTION NO. ~.-~/~J
WHEREAS, the Common Council of the City of Carmel, Indiana, has
authorized the Board of Public Works and Safety to enter into the
necessary agreements to purchase certain water facilities from the
Indianapolis Water Company and to fund said acquisition it is necessary
to use Nine Hundred Thousand Dollars ($900,000) in cash and investments
now on hand in the Water Utility;
NOW THEREFORE BE iT RESOLVED BY THE COMMON COUNCIL OF THE CITY
OF CARMEL, INDIANA:
That the Clerk-Treasurer of the City of Carmel, Indiana, is
hereby authorized to create an account entitled "City of Carmel,
Waterworks Construction Fund", and is further authorized to transfer
into such fund moneys totaling Nine Hundred Thousand Dollars ($900,000)
with Four Hundred Thousand Dollars ($400,000) to be transferred
immediately and Five Hundred Thousand Dollars to be transferred on
November 2, 1981. The moneys to be transferred into said Construction
Account are to be used only to pay for the acquisition of certain
water facilities from the Indianapolis Water Company and are to be
from excess cash and investment balances in the following
t rahs fcrrcd
accounts:
Bond and Interest Redemption
Depreciation Fund
Main Extension Fund
Facilities Expansion Fund
Fund
1981,
Passed and adopted this
by
C O~MMON COUNCIL
CITY OF CARMEL, INDIANA
ATTEST