HomeMy WebLinkAboutCC-12-06-21-07/Engineering Illinois Street Fund Transfer to MVHFSPONSORS: Councilors Nelson and Worrell
This Resolution was prepared by Jon Oberlander, Interim Corporation Counsel, on November 19, 2021 at 3:08 p.m.
No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
RESOLUTION CC 12-06-21-07
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA, APPROVING A TRANSFER OF FUNDS BETWEEN THE NON-
REVERTING ILLINOIS STREET IMPROVEMENT FUND (#212) AND THE MOTOR
VEHICLE HIGHWAY FUND (#201)
Synopsis: Transfers $204,059.36 from the Non-Reverting Illinois Street Improvement Fund
(#212) to the Motor Vehicle Highway Fund (#201) so that they can be used for future road
improvement projects.
WHEREAS, in 2012 the Carmel Common Council (the “Council”) established the Non-
Reverting Illinois Street Improvement Fund (#212) (the “Illinois Street Fund”), which was to be
used exclusively to fund road improvement projects to Illinois Street; and
WHEREAS, all street improvement projects associated with the Illinois Street Fund have
been completed, and the Fund has a remaining balance of Two Hundred Four Thousand Fifty Nine
Dollars and Thirty Six Cents ($204,059.36) (the “Funds”); and
WHEREAS, in order for the Funds to be used for future road improvement projects that
are not related to Illinois Street, they must be transferred out of the Illinois Street Fund and into
the Motor Vehicle Highway Fund (#201).
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Carmel, Indiana, that the Controller is authorized to transfer funds from the Non-Reverting
Illinois Street Improvement Fund (#212) into the Motor Vehicle Highway Fund (#201) as
follows:
$204,059.36 from NON-REVERTING ILLINOIS STREET IMPROVEMENT FUND
(#212)
To
MOTOR VEHICLE HIGHWAY FUND (#201): $204,059.36
CC 12-06-21-07
Page One of Two Pages
DocuSign Envelope ID: BC18F2C2-05EC-4BBC-94C7-A12921C98501
SPONSORS: Councilors Nelson and Worrell
This Resolution was prepared by Jon Oberlander, Interim Corporation Counsel, on November 19, 2021 at 3:08 p.m.
No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day
of ________, 2021, by a vote of _____ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
___________________________________
Sue Finkam, President Kevin D. Rider, Vice-President
___________________________________ ____________________________________
Laura Campbell H. Bruce Kimball
___________________________________ ____________________________________
Jeff Worrell Anthony Green
___________________________________ ___________________________________
Adam Aasen Tim Hannon
___________________________________
Miles Nelson
ATTEST:
__________________________________
Sue Wolfgang, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________ 2021, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2021, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
___________________________________
Sue Wolfgang, Clerk
Ordinance CC 12-06-21-07
Page Two of Two Pages
DocuSign Envelope ID: BC18F2C2-05EC-4BBC-94C7-A12921C98501
8th
December
December
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