HomeMy WebLinkAboutCC-06-21-10-01 Disbursing Arts Fund Monies - $365,000/Carmel Performing Arts FndnRESOLUTION 06-21-10-01
SPONSORS: Councilors Sharp, Snyder, Rider,
Griffiths, and Carter
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
DISBURSING ARTS FUND MONIES
WHEREAS, Carmel City Code Section 2 -131 requires the Common Council to review all requests submitted
by the Mayor to disburse monies from the City's "Support For The Arts Fund #504" (Arts Fund); and
WHEREAS, the Common Council has received a request from the Mayor for the disbursement of monies
from the Arts Fund to the Carmel Performing Arts Foundation, Inc. (the "Foundation an Indiana not for profit
foundation formed to operate the concert hall and theaters being built by the Carmel Redevelopment Commission in
the Carmel City Center; in the amount of Three Hundred and Sixty Five Thousand dollars ($365,000.00) (plus
accrued interest); and
WHEREAS, the Common Council has previously transferred funds to the Foundation, pursuant to
Ordinance D- 1987.10 (as amended), for the purposes of funding the initial expenses of the Foundation; and
WHEREAS, after appropriate discussion and deliberation, the Common Council has determined that the
public will benefit from such disbursements, to adopt the Mayor's recommendations and to approve such
disbursements from the Arts Fund.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, as follows:
Section 1. The foregoing Recitals are incorporated herein by this reference.
Section 2. The Clerk- Treasurer shall disburse from the Arts Fund the amount of Three Hundred Sixty Five
Thousand dollars ($365,000.00) (plus accrued interest) to the Carmel Performing Arts Foundation, Inc., effective
upon approval from the State of Indiana Department of Local Government Finance.
S C
PASSED by the Common Council of the City of Carmel, Indiana, this day of 2010, by a
vote of 6 ayes and nays.
Page One of Two Pages
This Resolution was prepared by Thomas D. Perkins, Assistant Carmel City Attorney.
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Pres' fficer
1
Richard L. Sharp, residen ro Tempore
O Pose0
etturo
onafd E. Carter
ATTEST'
Diana L. Cordray, IAMC, erk-Treasurer
Presented by me to the Mayor City of Carmel, Indiana, this 0.2/ d—
day of
2010, at 61 O'clock, P M
Approved by me, the Mayor of the City of Carmel, Indiana, this t day of
S3 O'clock, .m.
ATTEST:
COMMON COUNCIL FOR THE CITY 0 C
Diana L. Cordray, IAMC, Clerk- Treasurer
Page Two of Two Pages
This Resolution was prepared by Thomas D. Perkins, Assistant Carmel City Attorney.
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SPONSORS: Councilors Sharp, Snyder, Rider,
Griffiths, and Carter
Diana L. Cordray, IAMC, Clerk- Treasurer
Jam Brainard, Mayor
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2010, at