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HomeMy WebLinkAboutD-2087-12 $700,000 Thoroughfare Fund to Illinois St. FundORDINANCE D- 2087 -12 SPONSOR(s): Councilor(s) Rider, Schleif, Seidensticker, Sharp and Snyder AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, AUTHORIZING AND APPROVING AN ADDITIONAL APPROPRIATION OF FUNDS FROM THE NON REVERTING THOROUGHFARE DEVELOPMENT FUND #913 WHEREAS, an amount of $700,000 is needed to fund the Non- Reverting Illinois Street Development Fund #212; WHEREAS, the Thoroughfare Fund #913 has excess funds which may be used to begin funding for the Illinois Street project which is considered an essential element of thoroughfare planning for the City; NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel of Carmel, Indiana, that the following additional sum of money is hereby appropriated from the Non- Reverting Thoroughfare Development Fund for the purpose specified, subject to applicable laws, as follows: $700,000 From the Non Reverting Thoroughfare Development Fund #913 TO Non Reverting Illinois Street Development Plan #212 This Ordinance shall become effective upon its passage and execution by the Common Council and the Mayor as required by law. ADOPTED by the Common Council of the City of Carmel, Indiana this Pi d ay of w,.�. 2012 by a vote of 1- 1 ayes and a nays. Presng Officer COMMON COUNCIL FOR THE CITY Richard L. Sharp, reside Pro Tempore onald E. Carter ATTEST: ATTEST: lrr\ah c _U` Diana L. Cordray, IAMC, Cler A[reasurer A Diana L. Cordray, IAMC, Clerk r6asurer PREPARED BY: Diana L. Cordray Clerk- Treasurer City of Carmel evin D. Rider Carol Schleif F CARMEL ■i W. Eric Sei nsticker Presented by me to the Mayor of the City of Carmel, Indiana this cao day of 2012, at 9;31 A.M. Diana L. Cordray, IAMC, Clerk -,'I' leasurer Approved by me, Mayor of the City of Carmel, Indiana, this c day of 2012, at 1p: -2 4.M. s Brainard, Mayor