HomeMy WebLinkAboutD-2086-12 Est. Illinois Street Improvement Fund #212ORDINANCE 2086 -12
SPONSOR(s): Councilor(s) Rider, Schleif
Seidensticker, Sharp and Snyder
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF
CARMEL, INDIANA, ADOPTING AND ADDING CARMEL CITY CODE
CHAPTER 2, ARTICLE 4, SECTION 2-141, ESTABLISHING A
NON REVERTING ILLINOIS STREET IMPROVEMENT FUND #212
WHEREAS, the City desires to make improvements to Illinois Street to alleviate traffic
congestion during the accelerated construction of the US 31 improvements; and
WHEREAS, extension and improvements to Illinois Street will enhance the economic
vitality of the area bordering Illinois Street; and
WHEREAS, it will be necessary and in the public interest for the City to make
significant design and construction improvements to the extension of Illinois Street; and
WHEREAS, the establishment of a Non Reverting Illinois Street Improvement Fund is
necessary for the acceptance of any transfer or appropriated dollars into Fund #212 including
surplus bond funds and other legal sources of revenue prior to the initiation of any bid or
commencement of construction for any capital project.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana, as follows:
Section 1: The foregoing Recitals are fully incorporated herein by this reference.
Section 2: That Chapter 2, Article 4, of the Carmel City Code is hereby amended to add
a new Section 141 which shall read as follows:
"Sect. 2 -141. Non Reverting Illinois Street Improvement Fund #212
(a) There is established a Non- Reverting Illinois Street Improvement Fund #212 to be used
exclusively for the purpose of accepting and disbursing monies consistent with the plans for Illinois
Street construction as approved by the Common Council and the Mayor.
(b) The Non Reverting Illinois Street Improvement Fund shall be managed by the fiscal officer of
the City as required by law.
(c) The monies contained in the Non Reverting Illinois Street Improvement Fund shall be
accounted for and maintained separate and apart from all other City funds, and shall be invested
with the interest earned.
(d) The Funds held and accounted for in the Non Reverting Illinois Street Improvement Fund shall
be expended only:
1. Solely and exclusively for the purpose of completing the improvements to Illinois
Street;
2. The Common Council shall approve all engineering estimates, construction plans and
rights -of -way costs. After approval by the Common Council, the Department of
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Engineering may commence the bid process and construction of improvements to
Illinois Street in accordance with all established procedures.
Section 3. That the remaining provisions of Carmel City Code Chapter 2, Article 4, are
not affected by this Ordinance and remain in full force and effect.
Section 4. If any portion of this Ordinance is for any reason declared to be
unconstitutional or invalid, such decision shall not affect the validity of the remaining portions of
this Ordinance so long as enforcement of same can be given the same effect.
Section 5. This Ordinance shall be in full force and effect from and after its passage and
signing by the Mayor and such publication as is required by law.
k.
ADOPTED by the Common Council of the City of Carmel, Indiana this a-1 day of
'r(a.A.ti. 2012, by a vote of 'T ayes and a nays.
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COMMON COUNCIL FOR THE CITY OF CARMEL, INDIANA
Presiding 0 fi
rp, Presi
Richard L
ATT
Diana L. Cordray, IAMC, Clerl4jfreasurer
Presented by me to the Mayor of the City of Carmel, Indiana, at ¶.31 o'clock 14 M.
on the o''''•` day of r� 2012.
Approved by me, Mayor of the City of Carmel, Indiana, at o'clock A M. on this
a 1'' day of rr 2012.
ATTEST:
Diana L. Cordray, IAMC, Clerk- Treasurer
PREPARED BY: Diana L. Cordray
Clerk- Treasurer
City of Carmel
ent Pro Tempore
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evin D. Rider
omt
W. Eric Seid stir er
Carol. Schleif
J
Luci- nyder
Diana L. Cordray, IAMC, Cleric=
Treasurer
Jame Brainard, Mayor