HomeMy WebLinkAboutD-2079-12 Transfer Keystone Ave. to Utility Relocation for US31ORDINANCE D- 2079 -12
Sponsor: Councilors Rider, Sharp,
Seidensticker Snyder
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA
APPROVING THE TRANSFER OF FUNDS FOR REIMBURSEMENT OF UTILITY
RELOCATION IMPROVEMENTS RELATED TO THE KEYSTONE AVENUE PROJECT
WHEREAS, pursuant to Ordinance No. D- 1871 -07 (as amended), adopted by the Common
Council of the City of Carmel (the "Council on October 1, 2007, the Council adopted a new
Section 2 -129 of Chapter 2, Article 4 of the Carmel City Code (the "City Code which created the
Non Reverting Keystone Avenue Improvement Fund #920 the "Keystone Avenue Improvement
Fund and
WHEREAS, pursuant to Chapter 2, Article 4, Section 2 -129 of the City Code, the Keystone
Avenue Improvement Fund is to be used exclusively for the purpose of accepting and disbursing
moneys received from the Indiana Department of Transportation and disbursed for projects
consistent with the improvement by the City of Carmel, Indiana of Keystone Avenue (the
"Keystone Avenue Project and
WHEREAS, Carmel. Utilities (the "Utility") made certain utility relocation improvements
for the Keystone Avenue Project; and
WHEREAS, the Council now desires to reimburse the Utility for costs of the utility
relocation improvements in the amount of One Million 'Five Hundred. Thousand Dollars
($1,500,000).
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana, as follows:
1. The Council hereby approves the reimbursement of the Utility for costs of the utility
relocation improvements for the Keystone Avenue Project and approves the transfer of funds in the
amount of One Million Five Hundred Thousand Dollars ($1,500,000) from the Keystone Avenue
Improvement Fund #920 to the Water Construction Fund #612 to effect the reimbursement.
2. This Ordinance shall be in full force and effect from and after its passage by the
Council and approval by the Mayor as required by law.
rCi
ADOPTED by the Common Council of the City of Carmel, this 0 day of
J a nuokr 2012, by a vote of '7 ayes and nays.
Presiding fficer
Richard L. Sharp, Pre dent Pro Ternpore
Ronald E. Carter
ATTEST:
ATTEST:
Diana L. Cordray, IAMC, Cler
COMMON COUNCIL FOR THE CITY OF CARME
Treasurer
Presented by me to the Mayor of the City of Carmel, Indiana this 01-1 day of
2012, at 10 Oa A} .M.
Approved by me, Mayor of the City of Carmel, Indiana, this 3 day of
2012, at c'. ict.m.
Diana L. Cordray, IAMC, Clerk- Treasurer
Prepared by: Richard C. Starkey
Barnes Thornburg LLP
11 South Meridian Street
Indianapolis, IN 46204
INDSOI AWILLIAMS 1316044v2
2
Kevin Rider
6d>o(6
Carol Schleif
1_1
W. Eric Sei ensticker
Diana L. Cordray, IAMC, Clerk -T easurer
nes Brainard, Mayor