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HomeMy WebLinkAboutD-1891-08 Add Approp/Street DeptSPONSOR: Councilor Carter ORDINANCE D-1891-08 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY. OF CARMEL, INDIANA, AUTHORIZING AND APPROVING AN HIGHWAY FUND AND THE LOCAL ROAD AND STREET.FUND WHEREAS, an amount of $1,300,000 is needed to cover the unanticipated expenses for the 2008 Street Department Street Repaving Program; WHEREAS, the Cumulative Capital Development Fund has excess funds in the amount of One Hundred Ninety Eight Thousand Fifty Six dollars ($198,056) to appropriate to the line item #502 Street Repaving for the unanticipated expenses, and WHERES, the Motor Vehicle Highway Fund has excess funds in the amount of Seven Hundred One Thousand Nine Hundred Forty Four dollars ($701,944) to appropriate to the Street Department line item #502 Street Repaving for the unanticipated expenses, and WHEREAS, the Local Road and Street Fund has excess funds in the amount of Four Hundred Thousand dollars ($400,000) to appropriate to line item #502 Street Repaving for the unanticipated expenses. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel of Carmel, Indiana, that the following additional sum of money is hereby appropriated out of the CCD, MVH and LRS Operating Balances and for the purposes specified, subject to applicable laws, as follows: $198,056 From The CCD OPERATING BALANCE TO Line Item #502 Street Repaving AND $701,944 From The MVH FUND OPERATING BALANCE TO Street Department Line item #502 Street Repaving AND $400,000 From The LRS OPERATING BALANCE TO Line Item #502 Street Repaving This Ordinance shall become effective upon its passage and execution by the Common Council and the Mayor as required by law. SPONSOR':. Councilor- Carter ED by the Common Couneil of the Cityof Carrhe_1, jhdiana this, s day of 2008 by a vote of 7 ayes,and p nays. CO ON C UNCIL FOR THE CITY OF'CA Pre ding Officer os h, . Gpffiths. /6'v /-,, 0 4 Richard L. Sharp, Pre dent Prq Teinpore ATTEST: Diana L..Cordray, IAMC, Cle51asurer - Kevin Rider W: Eric Seid sticker uc' , -der ` Presented by me to the Mayor of the City of Carmet, Indiana this 61 day of '2008, at S ';S p.:M._ r Diana L. Cordray; IAMC; Cler easurer Approved,by me, Mayor of the City of.Carmel,,Indiana,,this ru4day.of 2008; at, 9'.3S- P-M. ATTEST: Diana L: Cgrdray,IAMC; Clei -Treasurer I es Brainard, Mayor Preliared:by:. Clerk-Treasurer's, Office City of Carmel