HomeMy WebLinkAboutCC-10-19-11-01 Set taxes payable in 2012A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
TO SET TAXES PAYABLE IN 2012 AND AUTHORIZATION OF BORROWING BETWEEN
FUNDS
and
RESOLUTION CC- 10- 19 -11 -01
(FORMERLY RESOLUTION CC- 09- 19 -11 -02)
Sponsor: W. Eric Seidensticker
WHEREAS, it is the City's policy to keep City property tax bills level for taxes payable in 2012;
WHEREAS, the Department of Local Government Finance shall set for the City of Cannel,
Indiana "City the total City tax levy for taxes payable in 2012; and
WHEREAS, the Common Council desires to levy for the 0708 Motor Vehicle Highway Fund
only the amount needed to fund appropriations, leaving no operating balance in that fund; and
WHEREAS, the Common Council desires to appropriate certain debt service lease rental
payments in the 0101 General Fund as well as the 2482 Redevelopment Bond. Fund; and
WHEREAS, the Common Council desires to appropriate certain debt service lease rental
payments in the 2391 Cumulative Capital Development Fund as well as the 0101 General Fund; and
WHEREAS, the City annexed a portion of unincorporated Clay Township and such annexation is
set to take effect for property taxes payable in 2012; and
WHEREAS, the annexed portion of Clay Township represents an increase of more than 15% of
the total net assessed value of the City; and
WHEREAS, the Common Council desires to appeal to the Department of Local Government
Finance for an increase in the maximum levy in addition to the annexation levy increase of 15 and
WHEREAS, the Common Council desires to enhance funds in need of money for cash flow
purposes; and
WHEREAS, the Common Council finds that certain funds have sufficient cash available to
temporarily 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 2012 City tax levy for taxes payable in 2012, for all City funds, at exactly $43,401,108.
Prepared by James Brainard
Section 2. The Department of Local Government Finance is respectfully requested to set
the 2012 property tax levy of the 0708 Motor Vehicle Highway Fund at a level no greater than the amount
needed to fund appropriations, with no operating balance.
Section 3. After applying the maximum allowable property tax levy to the 0101 General.
Fund, 0708 Motor Vehicle Highway Fund, and 2391 Cumulative Capital Development Fund, as
appropriate, the Department of Local Government Finance is respectfully requested to reduce, as
necessary, first the 2482 Redevelopment Bond Fund levy, then the 0101 General Fund levy, and then the
2391 Cumulative Capital Development Fund tax levy in 2012 to a level which will result in the total City
tax levy stated in Section 1.
Section 4. The Department of Local Government Finance is respectfully requested to
increase the maximum allowable property tax levy, in addition to the 15% increase in maximum
allowable property tax levy.
Section 5. 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, 2012, 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 temporarily transferred. Only revenues derived
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 6. The Mayor is hereby directed and authorized to take such action is necessary
for the implementation of this ordinance.
SO RESOLVED by the Common Council of the City of Carmel, Hamilton County, Indiana, this
c day of aatlas-6 2011.
Prepared by James Brainard
Presiding Officer
W. Eric Seiden cker, President ro- Ternpore
0 f Pa51D
John V. Accetturo
Ronald E. Carter
ATTEST:
Diana L. Cordray, IAMC, Cl easurer
ATTEST:
Diana L. Cordray, IAMC, Clerk Treasu
Prepared by James Brainard
COMMON COUNCIL FOR THE CITY OF CARMEL
1evin Rider
O PPOS e D
Richard L. Sharp
P seated by me to the Mayor of the City of Carmel, Indiana this day of
2011, at cV .M.
Diana L. Cordray, IAMC, Clerk- Trea4urer
Approved by me, Mayor of the City of Carmel, Indiana, this 5 day of
C /o,4eR 2011, at .M.
U�'tSL -tom
ayes Brainard, Mayor