HomeMy WebLinkAboutCC-05-17-10-01 Rescinding CC-12-15-08-04 (Moratorium from the 2006 Road Bond) As AmendedRESOLUTION NO. CC- O5- 17 -10 -01
AS AMENDED
SPONSOR: Councillors Sharp and Snyder
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
RESCINDING RESOLUTION CC- 12- 15 -08 -04
WHEREAS, the Common Council of the City of Carmel (the "Council has the authority to
adopt ordinances and resolution for the control of the City of Carmel (the "City finances and other
legislative matters (IC 26- 4- 6 -18); and
WHEREAS, the Council adopted Resolution CC- 12- 15 -08 -04 (the "Resolution to establish
a moratorium on the disbursements from the 2006 Road Bond (the `Bond and
WHEREAS, the terms of the Resolution require the Council to rescind the Resolution in order
spend the remaining funds from the Bond; and
WHEREAS, the City seeks to make further improvements, which could include, but are not
limited to: 126 St, between Shelborne Rd. and Towne Rd.; Shelborne Rd., between 116 St. and
131' St.; Cool Creek North Trail; Grand Blvd., between 131' St. and Old Meridian St.; Towne Rd,
between 131' St. and 146 St.; River Rd., between Medalist Pkwy. and 126 St.; Guilford Rd.,
between 116 St. and Main St.; and
WHEREAS, it is estimated that seven million, three hundred thousand dollars ($7,300,000) of
unencumbered funds remain available; and
WHEREAS, the circumstances supporting the moratorium no longer exist; and
WHEREAS, no part of a project within the bond will be started unless the entire project
related thereto is fully funded.
NOW, THEREFORE, BE IT RESOLVED, that Resolution. CC-12-15-08-04 is hereby
rescinded. The Clerk- Treasurer shall process any disbursements and affix her name to any document
authorizing said expenditures in the regular course of business.
PASSED by the Common Council of the City of Carmel, Indiana this t day of
YNC) 2010 by a vote of 7 ayes and 0 nays.
Resolution CC- 05- 17 -10 -01
Page One of Two Pages
Document prepared by Thomas D. Perkins, Assistant City Attorney
Z:\E Bass \My Documents \Resolutions -CCC \2010 \2006 Road Bond Resolution (2)(amended).doc
Pres
ATTE
Treasurer
EST:
Resolution CC- 05- 17 -10 -01
Page Two of Two Pages
COMMON COUNCIL FOR THE CITY OF CARMEL
di O
ding
t
Richard L. Sharp, Pre d- Tempore
Accetturo
C
oo f os- r Griffiths
Kevin Rider
W. Eric Seid sticke
L u f
'.onald E. Carter
Diana L. Cordray, IAMC, Clerk measurer
Presented by me to the ayor of he City of Carmel, Indiana, this I day of
Approved by me, the Mayor of the City of Carmel, Indiana, this 11 day of
2010, at `7' O'clock, p M.
Diana L. Cordray, IAMC, Cl Treasurer
Document prepared by Thomas D. Perkins, Assistant City Attorney
nyder
Z:\E Bass \My Documents \Resolutions -CCC \2010 \2006 Road Bond Resolution.doc
Diana L. Cordray, IAMC, Clerk-
mes Brainard, Mayor