HomeMy WebLinkAboutCC-11-19-12-02 $5,000,000 INDOT PaymentSPONSOR: Councilor Sharp
Councilor Snyder
RESOLUTION CC- 11- 19 -12 -02
AN RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
REGARDING DISTRIBUTION OF CERTAIN MONIES TO BE PAID TO THE CITY OF CARMEL
BY INDIANA DEPARTMENT OF TRANSPORTATION
WHEREAS, the City of Cannel, ( "City ") and the Indiana Department of Transportation, ( "INDOT ")
have entered into that certain agreement entitled "Agreement Between The Indiana Department Of
Transportation And The City Of Carmel Concerning Coordination And Revisions To The U.S. 31 Project
EDS No. A249 -13- 320235" (the "Agreement "); and
WHEREAS, pursuant to paragraph 1.8 of the Agreement, the City will receive from INDOT the sum
of Five Million Dollars ($5,000,000.00) ( "INDOT Payment "); and
WHEREAS, the Common Council desires that one -half of the INDOT Payment ($2,500,000.00) be
deposited into the City's General Fund, ( Fund #101) and the other one -half of the INDOT Payment be
deposited into the City's Rainy Day Fund, (Fund #912).
NOW, THEREFORE, BE IT HEREBY RESOLVED AND AGREED 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. The Clerk - Treasurer is hereby instructed, upon her receipt of same, to promptly deposit
$2,500,000.00 of the INDOT Payment into the General Fund (Fund #101) and $2,500,000.00 of the INDOT
Payment into the Rainy Day Fund (Fund #912).
S RESOLVED by the Common Council of the City of Cannel, Indiana, this 1 Q *Lday of
Vver�J� , 2012, by a vote of 7 ayes and p nays.
Page One of Two Pages
This Resolution was prepared by Douglas C. Haney, Carmel City Attorney, on November 1, 2012 at 2:00 p..m. No
subsequent revision to this Resolution has been reviewed by Mr. Haney for legal sufficiency or otherwise.
Illssvrappslluser data - admmILAW/E Basstfdy Documents \Resolu /ions -CCC\2 012 \Dtstrubition of INDOT Moores - US 31 & Keystone 10- 30- 12.docx11/1/2012 211 PM
SPONSOR: Councilor Sharp
Councilor Snyder
COMMON COUNCIL FOR THE CITY OF CARMEL
Preding O
Richard L. Sharp, Pr. ident Pro Tempore
Rona[d E. Carter
Sue/Finkarr�
ATTES
5m
kevin D. Rider
Carol Schleif
/� r
Presented by me to the Mayor of the City of Carmel, Indiana this .1 G day of �'t ,
2012,at -1 • L1j
P .M.
Diana L. Cordray, IAMC, Clerk - )asurer
Approved by me, the Mayor of the City of Carmel, hldiana, this 19 day of � �-� �lv�J�L� ,
2012, at l . 'f, P .M.
ATT
9z3
Diana L. Cordray, IAMC, Clerk. Treasurer
Resolution CC- 11- 19 -12 -02
Page Two of Two Pages
Ames Brainard, Mayor
This Resolution was prepared by Douglas C. Haney, Carmel City Attorney, on November 1, 2012 at 2:00 p..m. No
subsequent revision to this Resolution has been reviewed by Mr. Haney for legal sufficiency or otherwise.
11Issvrappsl\ user data- admin\LAW\E BassWy Documents \Resolutions- CCC1'2 012 \Drstrubition of INDOT Moores - US 31 & Keystone 10- 30- 12.docs11 /1,2012 2:11 PM