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HomeMy WebLinkAboutD-641 Abolishing CEDCORDINANCE D- ~ ~/ AN ORDINANCE RESCINDING ORDINANCE D-375 AND ABOLISHING THE CARMEL ECONOMIC DEVELOPMENT COMMISSION WHEREAS, the Common Council of the City of Carmel, Indiana, enacted Ordinance D-375 establishing a Carmel Economic Development Commission; and WHEREAS, there no longer appears to be a need for the Economic Development Commission for the purposes established pursuant to Ordinance D-375; and WHEREAS, it is in the best interests of the citizens of Carmel that the Economic Development Commission be dissolved; NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana, that: 1. The Carmel Economic Development Commission is hereby dissolved and its duties as established in Ordinance D-375 terminated. 2. The Treasurer of the Economic Development Commission shall, as soon as practical, prepare a final accounting of those funds held by the Economic Development Commission, and surrender same to the Clerk-Treasurer of the City of Carmel for deposit in the C.C.P.F. Further, the Clerk-Treasurer shall provide a copy of the final accounting to the Common Council at its next regularly scheduled meeting after the surrender of funds and receipt of the final accounting. 3. It is FURTHER ORDAINED that Ordinance D-375 is, in all respects, rescinded, upon the passage of this Ordinance. 4. That an emergency exists and this Ordinance shall come in full force and effect upon its passage. ALL OF WHICH IS ORDAINED by the Co~~Cou.n~il for the City of Carmel, Indiana, this /~ day of Ax , 1990. COMMON COUNCIL FOR THE CITY OF CARMEL, INDIANA Mayor, of City of KCarmel