HomeMy WebLinkAboutCC-10-19-09-02 2010 Tax Levy Fund SPONSOR Councilor Gnffiths
RESOLUTION CC- 10- 19 -09 -02
AS AMENDED
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
TO SET THE 2010 GENERAL FUND TAX LEVY AND
AUTHORIZATION OF BORROWING BETWEEN FUNDS
WHEREAS, the. Department of Local Government Finance of the State of Indiana shall set for
the City of Carmel, Indiana "City' the total City tax rate for taxes payable in 2010, and
WHEREAS, the Common Council desires to adjust the General Fund property tax levy to allow
the Department of Local Government Finance to establish a specific total tax rate for funds under the
City s control, and
WHEREAS the Common Council desires to adjust the 2482 Redevelopment Bond Fund property
tax levy as needed to implement the Common Council s tax policy and
WHEREAS, the Common Council desires to levy for the Motor Vehicle Highway Fund only the
amount needed to fund appropnations, leaving no operating balance in that fund and
WHEREAS, the Common Council desires to reserve as much as possible, its future authonty to
levy taxes for general purposes, and
WHEREAS the Common Council finds that it is necessary to enhance funds in need of money
for cash flow purposes
WHEREAS, the Common Council finds that certain funds have sufficient cash available to
temporanly deposit to the credit of other funds
NOW, THEREFORE, BE iT RESOLVED by the Common Council of the City of Carmel,
Hamilton County, Indiana
Section 1 The Department of Local Government Finance is respectfully requested to set
the total 2010 City tax rate, for all City funds at exactly $0 6664 per $100 of assessed value
Section 2 The Department of Local Govemment Finance is respectfully requested to set
the 2010 property tax levy of the Motor Vehicle Highway fund at a level no greater than the amount
needed to fund appropnations, with no operating balance
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SPONSOR Councilor Gnffiths
Section 3 After applying the maximum allowable property tax levy to the General Fund,
Motor Vehicle Highway Fund, and Cumulative Capital Development Fund as appropnate, the
Department of Local Government Finance is respectfully requested to reduce, as necessary, first the 2482
Redevelopment Bond Fund levy, then the 0283 Lease Rental Payment Fund levy, then the Cumulative
Capital Development Fund le' y, and then the General Fund property tax levy in 2010 to a level which
will result in the total City tax levy stated in Section 1
Section 4 The Common Council permits the borrowing among funds under Indiana Code
36 1 8 4 Borrowing may only take place where it is necessary to enhance a fund in need of money for
cash flow purposes The borrowed amount shall be returned by December 31 2010, and may not exceed
the amount needed to fund appropriations or other lawful disbursements Borrowing may only take
place where a fund has sufficient money on deposit that can be temporanly transferred Only revenues
denved from the levying and collection of property taxes or special taxes or operation of the political
subdivision may be included in the amount transferred
Section 5 The Department of Local Government Finance is requested to consult with the
President of the Common Council and Mayor pnor to cutting any appropnations in the General Fund,
caused as a result of this Resolution
SO RESOLVED by the Common Council of the City of Carmel, Hamilton County, Indiana, this
I ar day of ne ,,2 t_ 2009 by a va }e o 7 a an nays
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QEE BmN, Oc meadRmYOO.0 Qi0091TAS LEWrl 2010 doe 10f2002013 56 AM] MENDED VERSION 101900
COMMON COUNCIL FOR THE CITY OF CARMEL
O V
Presid Officer Jos Gnffiths
/nstickcr P .fi r/
W Enc Se e ident Pro Tempore Kevin Rider
A
n V Accetturo Rich rd S arp
Ronald E Carter nyder
ATTEST
ACLC-4
Diana L Cozdray, IAMC Clerk- asurer
Presented by me to the Mayor of the City of Cannel Indiana this 1 day of
D cr_p1 Wt. 2009 at S 50 Pm
ikes
Diana L Coidray, Clerk- Tr
MC urer
it
pproved by me Mayor of the City of Cannel Indiana this/ /f day of
O ci Ike K 2008, at SO E_M
1 es Brainard Mayor
ATTE T
Diana L Cordray IAMC Clerk -T surer