HomeMy WebLinkAboutD-1054 BSU Project Fund AN ORDINANCE ESTABLISHING A
SPECIAL PROJECT FUND
FOR
GENERAL FUND MONIES, GRANT MONIES, AND PRIVATE DONATIONS
ENTITLED: THE CARMEL BUSINESS DISTRICT REVITALIZATION
COMMITTEE/BALL STATE UNIVERSITY SPECIAL PROJECT FUND
WHEREAS, the City of Carmel, Indiana, has established a citizen
committee to study the validity and future potential of Carmel's
Business District; and,
WHEREAS, the committee, called the Carmel Business District
Revitalization Committee, has unanimously voted to contract with
the Ball State University Community Based Projects Program to
establish a citizen based study of the Carmel Business District and
its interconnectedness to the rest of the community; and,
WHEREAS, the City will need to contribute from the General Fund,
sufficient amount to cover the cost of the project; and,
WHEREAS, the City may also receive revenue from private sources to
contribute to the project; and,
WHEREAS, the City finds it necessary under IC36-1-3-2 to create a
special project fund for this project; and,
WHEREAS, the City also finds it necessary to appoint the Mayor, as
a local elected official, to sign the claims for said monies; and,
WHEREAS, the City recognized that at the completion of the project,
the Carreel Business District Revitalization/Ball State University
Special Project Fund will cease to exist; and,
WHEREAS, the City recognizes the need to designate the Clerk-
Treasurer as the disbursing offi cer~ of the Carmel Business
District Revitalization/Ball State University Special Project Fund.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carreel, Indiana, that General Fund monies, and potentially grant
monies and private donations shall be deposited into the Carmel
Business District Revitalization/Ball State University Special
Project Fund.
The Common Council of the City of Carmel , Indiana finds i t
necessary to appoint a local elected official to sign all claims
for this project.
The Common Council of the City of Carmel, Indiana designates the
Clerk-Treasurer of the City as the disbursing officer.
The Common Council further ordains that any unspent monies left at
the end of the project, should they be grant monies, or private
donations, or dollars from the General Fund, shall be returned to
the original source of funding.
It is further ordained that an emergency exists and this ordinance
shall become in full force and effect upon its passage.
A TTES T:
Common Council of the
City of Carmel, Indiana
~ ~ .J. ~ -
Ted E. Johgson, Presiding Officer
Presented to me for passage on the / day of
Mayor Ted Johnson
A TTE :
W. Jones,