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HomeMy WebLinkAbout2017-OR--45 BEFORE THE COMMON COUNCIL FOR CITY OF JEFFERSONVILLE STATE OF INDIANA ORDINANCE NO. 2017-OR-_'�� AN ORDINANCE ESTABLISHING A NON-REVERTING FUND FOR THE SPRING STREET MASTER PLAN IMPLEMENTATION WHEREAS, the Common Council for the City of Jeffersonville ("Council") is the legislative body for the City of Jeffersonville ("City"); and WHEREAS, the City of Jeffersonville, in its Comprehensive Plan has a stated interest in community planning and place-making that supports revitalization/redevelopment, promotes Jeffersonville as a destination for local and regional tourism and creates a positive image of the community for its residents and businesses, and WHEREAS, the City has amended the Comprehensive Plan to include the Spring Street Master Plan; and WHEREAS, the Department of Planning and Zoning is taking a more proactive approach in creating local area plans and corridor master plans that further the objectives of the Comprehensive Plan as well as engage in place-making efforts in the community that often take place over longer-periods of time than one budget cycle, and WHEREAS, the City desires to implement improvements along the Spring Street Corridor; and WHEREAS, it is necessary for the City to fund the construction for the improvements from various revenue sources; and WHEREAS, it is economically desirable to create a non-reverting fund for deposit, expenditure, and disbursement of funds designated for the improvement of Spring Street. ORDINANCE NO. 2017-OR- '`� 5 AN ORDINANCE ESTABLISHING A NON-REVERTING FUND FOR THE SPRING STREET MASTER PLAN IMPLEMENTATION NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Jeffersonville, Indiana hereby establish a special non-reverting fund for the deposit, expenditure and disbursement of funds designated for the implementation of the Spring Street Master Plan of the Department of Planning and Zoning. This fund shall be entitled the "Spring Street Master Plan Implementation Non-Reverting Fund" and be overseen by the Director of Planning and Zoning. Such funds, thereby, shall not be required to be received into the general fund of the City. The Department shall oversee use of the said non-reverting fund, subject to the final approval of the Common Council and subject to the regular rules and procedures concerning the Common Council's approval of claims and approval of appropriations as provided by Indiana Code and otherwise provided by Indiana law. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. SO ORDAINED this 2 day of 2017. COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA By: Lis Gill, Council President AT EST: Vicki Conlin, Clerk This Ordinance presented by me as Clerk to the Mayor of said City of Jeffersonville this day of , 2017. Vicki Conlin, Clerk This Ordinance approved and signed by me this day of 2 17. Mike Mo re, Mayor