HomeMy WebLinkAbout2012-OR-65 APPROPRIATION ORDINANCE
CITY OF JEFFERSONVILLE INDIANA
ORDINANCE NO. 2012 -OR -65
WHEREAS, the Common Council ( "Council ") of the City of Jeffersonville, Indiana ( "City "),
has determined to finance certain park improvements at Vissing Park ( "Project ") as described in an
ordinance in an ordinance adopted by the Council on September 17, 2012; and
WHEREAS, the Council has determined that the estimated cost of the Project, and the
incidental expenses necessary to be incurred in connection with the Project and with the issuance of
bonds and bond anticipation notes ( "BANs ") to finance the Project will be in an amount not to exceed
Five Hundred Thousand Dollars ($500,00.00); and
WHEREAS, the Council has determined to issue the bonds and BANs to fund the costs of the
Project in an aggregate amount not to exceed Five Hundred Thousand Dollars ($500,000.00); and
WHEREAS, there has been published notice of a public hearing on the appropriation of the
proceeds of the bonds and BANs to be held on this date; the hearing has been held and the Council has
considered the evidence presented at the hearing, and
WHEREAS, the Council now finds that the City has no funds available or provided for in the
existing budget and tax levy which may be applied to the cost of the Project, and that an extraordinary
emergency exists for the making of the additional appropriation hereinafter set out;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF
JEFFERSONVILLE, INDIANA THAT:
Section 1. The Council finds that all proceedings required before appropriation of the proceeds
of the bonds and BANs have been accomplished and completed.
Section 2. For the purpose of paying the costs of the Project, and incidental expenses necessary
to be incurred with the Project and with the issuance of the bonds and BANs, an amount not to exceed
Five Hundred Thousand Dollars ($500,000.00) shall be appropriated from the proceeds of the bonds
and BANs.
Section 3. The Controller is directed to submit and certify this ordinance and related
proceedings to the Department of Local Government Finance.
This ordinance shall be in full force and effect from and after its passage by the Common Council and
approval by the Mayor.
Voted For: Voted Against:
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Pa ed and adapted by the Common Council of the City of Jeffersonville, Indiana this day of
, 2012
COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE,
INDIANA
J
Edward Zastawny, ,'' esident
AT ST:
Vicki Conlin, ity Clerk
City of Jeffersonville
Presented by me to the Mayor of the City of Jeffersonville on the _ day of 012.
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Vicki Conlin, City Clerk
City of Jeffersonville
This ordinance approved and signed by me, the Mayor of the City s f J • rsonvi ' e, on the 1- /
day of ( 9Q ,2012.
Mike o oore, Mayor
City of Jeffersonville
2
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NOTICE TO TAXPAYERS OF PUBLIC HEARING ON
ADDITIONAL APPROPRIATION
Notice is hereby given to taxpayers of the City of Jeffersonville, Indiana ( "City "),
that the Common Council ( "Council ") of the City will meet at the Jeffersonville City
Hall, City Council Chamber (1 Floor), Jeffersonville, Indiana, at 7:00 p.m. on November
19th, 2012 to conduct a public hearing and consider the appropriation of the funds of the
City in an amount not to exceed Five Hundred Thousand Dollars ($500,000) to be
applied on the costs of completing certain park improvements at Vissing Park and the
incidental expenses in connection therewith. The funds to meet this appropriation are to
be provided by the issuance and sale of bonds and bond anticipation notes of the City.
The foregoing appropriation is in addition to all appropriations provided for in the
existing budgets and levies.
Taxpayers of the City appearing at the hearing shall have a right to be heard in
respect of this additional appropriation.
Dated this 5 day of November, 2012.
/s/ Monica Harmon
Controller, Jeffersonville, Indiana