HomeMy WebLinkAboutD-1608-02 2002 COIT FundSponsor(s) Councilor Kevin Kirby
ORDINANCE NO. D-1608-02
AN ORDINANCE OF THE COMMON COUNCIL OF THE
CITY OF CARMEL, INDIANA,
ESTABLISHING THE 2002 COIT PROJECT CONSTRUCTION FUND AND
THE 2002 COIT BOND pRINCIPLE AND INTEREST FUND
WHERESAS, the Common Council of the City of Carmel, Indiana adopted Ordinance
D-1594-02 entitled the County Option Income Tax Revenue Bonds, Series 2002, on September
18, 2002; and
WHEREAS, THE Clerk Treasurer is the fiscal officer for the City of Carmel and has
determined there is a need to establish one or more Funds for the collection and expenditure of
the 2002 COlT Project Construction Bond proceeds pursuant to Ordinance D-1594-02.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana, that:
Se__~tion_I: Chapter 2, Article 4 of the Carmel City Code is hereby amended to include
the following new Code Sections:
Section 2-121:2002 COIT Project Construction Fund (Fund 404);
Section 2-122:2002 COlT Bond Principle and Interest Fund (Fund 401);
Sectio__._._n II: All prior Ordinances or parts thereof inconsistent with any provision of
this Ordinance are hereby repealed.
Section III: This Ordinance shall be in full force and effect from and after its passage
and signing by the Mayor. Indiana this'z~'Jl~x day of
,~ PAS ED by, the Common Council of the City of Carmel,
~02, by a vote of___~ _ ayes and ___~) .nays.
COMMON COUNCIL FOR T.E CITY OF C mEL
~___~r~'~- ~-F--~-~ ~'~u~' ~yder ~ ~
x(nald E. Carter
ATTEST:
Diana L. Cordray, IAMC, Clcrk-Tr~ure
Presented by4ne to the Mayor of the City of Cannel, Indiana this _ ~/. day ofCf~
2002, at /79:32e)_ (5~M.
'eqasure
r
Diana L. ~ordray~ IAMC, Cle~re
lana thisL/~r~ t day of
Approved byme, Mayor of the City of Carmel, Ind' , / ..
2002, at / t5i ~/_ ~.M.
~s Brainard, Mayo
Prepared by:
Diana L. Cordray, Clerk-Treasurer
CITY OF CARMEL
One Civic Square
Carmel, Indiana 46032
317.571.2414