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HomeMy WebLinkAboutD-1942-09 Residential Drainage FundSPONSOR(S) ACCetnlr0, Rider, Scidensticker, Sharp and Snyder ORDINANCE. D-1942-09 WHEREAS, there exists no designation of a City fund that will ensure that available dollars are set aside for Carmel neighborhood drainage issues, specifically to correct drainage problems attributed to developmental growth; and WHEREAS, it is desirable to establish a "Non-Reverting Neighborhood Drainage Improvement Fund" to accept and to disburse funds for the payment of improvements consistent with the needs of Carmel neighborhoods; and NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana, as follows: Section t : The foregoing Recitals are fully incorporated herein by this reference. Section 2: That Chapter. 2, Article 4, of the Carmel City Code is hereby amended to add a new Section 2-134 which shall read as follows: "Sect. 2-134. Non-Reverting Neighborhood Drainage Improvement Fund #212 (a) There is established a Non-Reverting Neighborhood Drainage Improvement Fund #212 to be used exclusively for the purpose of accepting and disbursing monies received for City neighborhood drainage improvement projects. (b) The Non-Reverting Neighborhood Drainage Improvement Fund shall be administered and maintained as set forth herein: 1. The Non-Reverting Neighborhood Drainage Improvement shall be managed.by the fiscal officer of the City as required bylaw; 2. The funds contained`in the Non-Reverting Neighborhood Drainage Improvement Fund shall be received and deposited therein from all lawful sources in accordance with applicable law;. 3. The funds contained in the Non-Reverting Neighborhood Drainage Improvement Fund shall be accounted for and maintained separate and apart from all other City funds, and shall be invested with the interest eared thereon deposited into this fund; and 4, When Monies are deposited into the Non-Reverting Neighborhood Drainage Improvement Fund, those fiords may only be spent on drainage improvement projects located within each individual councilmatic districts. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, SPONS_OR(S) Accetturo, Rider; Scidcnsficker; (Sharp°and Snyder 5. The. funds, held and accounted for in the Non-Reverting Neighborhood Drainage,linprovement-Fund -shall-be expended only: a. By a-majority vote of the Common Council; b.'For the puipose:of improving"proper drainage:iiT the neighborhoods of ourrbty; 6. The-life of the=Non-Reverting;Neigli borhood.Dramage Improvement Fund_shallbe perpetual, unless;terminafed by subsequent ordinance."' Sectiom3. That the'remaining,provisions of Canneltiiy Code. Chapter 2, Article 4, are netaffected by this Ordinance and remain iirHull force and effect. Section 4. If any portion of-this Ordinance is forsany,reason declared `to be, unconstitutional oriinvalid, such ¢ecisioh'shall-riot.affect tl- fevalidity of the fernaming°por!ibns o.f_ Eliis;Ordinanceso 1"ang°as enfarcenientofsamecanbe;given the same effect. Section 5: This Ordinance shall be-inYNll'fbrce and effect from and after its passage a_nd signing by i'he Mayor and sueb`publicatiorras i'srequired by law. PASSED by the Common Council of tfie City of-Carmel, Indiana this I day of 2009, by a-vote of b ayes and U nays. lJ 'SPONSOR(S) Accetturo, Rider, Seidensticker, Sharp and Snyder COMMON COUNCIL FOY, r Presidin Officer W..Efic-Seide slicker, President< ra/Pernpore o V..Accetturo N07 'PQr= SG r"T Ronald-E. Carter A Presented by me to ihe'N14or 4rV+ns? 2009, I2ieliar[],L. Sharp uci` der ofahc City of Carmel, Indiana this,:P;rddayof Diana L,Cordray Appioved by me; Mayor of the-City of Carmel, I nditnia, t ii_s_' Jay(es,Brainard,, Mayor ATTEST Diana L'.,Cordray,' C„Cc&-Tr surer PREP,kP,ED BY: Diana L. Cordray Clerk=Treasurer City of Carrnel