HomeMy WebLinkAboutD-1185 Transfer $$ to Park BdORDINANCE NO. ~-I ~5
AN ORDINANCE AUTHORIZING TRANSFER OF FUNDS
OUT OF NON-REVERTING CAPITAL FUND CREATED
FOR THE CARMELICLAY BOARD OF PARKS AND RECREATION
WHEREAS, on the 4th day of May, 1993, the Carmel Common Council created
a certain fund pursuant to Indiana Code 36-10-3-20 which was a special non-reverting
fund for the purposes of acquiring land and/or making specific capital improvements upon
properties owned by the Carmel/Clay Board of Parks and Recreation.
WHEREAS, the transfer of monies from the above-mentioned fund require approval
by the Common Council of the City of Carmel.
WHEREAS, the Carmel City Council now authorizes the transfer of $ I O0~OE)O
from said fund to be used for the acquisition of real estate.
WHEREAS, if the money is not applied to the acquisition of real estate that it shall
revert back and be transferred back into the fund created by Ordinance D-888.
NOW,
$ I or), ooo
real estate.
THEREFORE, the Carmel City Council approves the transfer of
from the non-reverting capital fund for the specific purpose of acquiring
That if the funds are not used for the acquisition of real estate, they shall be
redeposited back into the non-reverting capital fund created by Ordinance D-888.
This ordinance shall be in full force and effect from and after its passage.
Passed by the Common Council of the City of Carmel, Indiana, on this ~-- day
of ~04P--~t, 1995.
Presid~c.~,
ATTEST:
Sus3n Joncs, Clerk-Treasurer
b~lPd1' ~J
DATE
~Mayor
City c{Carm,,e
ATTEST:
Susan Jones, Clerk-Treasurer