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HomeMy WebLinkAbout1990-OR-31ORDINANCE NO. 90-OR-~ ORDINANCE REESTABLISHING JEFFERSONVILLE CUMULATIVE CAPITAL DEVELOPMENT FUND WHEREAS, municipalities development fund; and, WHEREAS, such a fund well-being of Indiana Code 36-9-15.5 et seq. allows to establish and continue a cumulative capital the City of Jeffersonville, Indiana, is necessary! and prudent for the the municipality. finds that financial NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Jeffersonville that: SECTION I That there is hereby reestablished a Jeffersonville Cumulative Capital Development Fund. SECTION II That the ad valorem property tax levy will be imposed and the revenues from the levy will be retained in the Jeffersonville Cumulative capital Development Fund. SECTION III That the maximum rat~ of levy under Section II will not exceed $.12 per $100.00 assessed valuation. SECTION IV That the Jeffersonville Cumulative Capital Development Fund is reestablished for the years 1991, 1992, and 1993. SECTION V the funds accumulated in the Jeffersonville Capital Development Fu~d may be used for the That Cumulative following: A. Cumulative firefighting building, equipment, and police radio fund pursuant to Indiana Code 36-8-14. B. Cumulative building funds pursuant to Indiana Code 36-9-16-2. Cumulative Capit~l Improvement Indiana Code 36-9-I6-3. Cumulative Street Fund Code 36-9-16.5. Fund pursuant to pursuant to Indiana E. General Improvement Fund pursuant to Indiana Code 36-9-17. Cumulative Drainage Code 36-9-27-100. Cumulative Building Code 36-10-3-21. F. Fund pursuant to Indiana Notwithstanding Fund--Parks pursuant to Indiana accumulated in the Jeffersonville Cumulative Capital Development Fund may be spent for purposes other than the purposes stated in Section v, if the purpose is to protect the public health, welfare or safety in an emergency situation which demands immediate action. Money may be spent under the authority of this section only after the Mayor issues a declaration that the public health, welfare or safety is in immediate danger that requires the expenditure of money in the fund. Tax This Ordinance shall be in full force and effect timely passage, promulgation and approval by the Mayor. Passed and adopted SECTION VII This fund takes effect upon approval of the State Board of Commissioners. upon its by the Common Council of the City of Jeffersonville, Clark , 1990. ATTEST: County, Indiana, on the / day of SECTION VI Section V, funds EXCERPTS FROM COUNCIL PROCEEDINGS OF THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA July 16, 1990 The Common Council of the City of Jeffersonville, Indi- ana met in regular session in the Council Chambers in the City- County Building in Jeffersonville, Indiana, on the 16th day of July, 1990 at 7:30 o'clock P.M. The meeting was called to order by Mayor Dale Orem and C. Richard Spencer, Jr. at the desk. Mayor Orem asked all those present tO stand and pledge allegiance to the flag. The roll was called and those present were: Council- persons Jimmy Carter, Marie Clapp, Ron Grooms, Tony Harrod, John Perkins, Andrew Williams, and Robert Waiz. Absent: None Other business followed. Mayor Orem informed the Council that this is a public hearing for Ordinance No. 90-0R-31, An Ordinance Reestablishing Jeffersonville Cumulative Capital Development Fund. Councilper- son Perkins made the motion to suspend the rules for Ordinance No. 90-0R-31, seconded by Councilperson Harrod and carried unani- mously. Councilperson Perkins made the motion to pass Ordinance No. 90-OR-31 on all three readings, seconded by Councilperson Carter. Opposition to this Ordinance was asked for from the pub- lic in attendance. There being none, Ordinance No. 90-0R-31 passed with the following roll call vote: Ayes: Councilpersons Clapp, Waiz, Williams, Perkins, Carter, Grooms, and Harrod. Nays: None Other business There being no followed. further business to come before the Council Councilman Perkins made the motion to. adjourn at 10:00 o'clock P.M. seconded by Councilperson Grooms and carried unanimously. ,~DALE L. OREM, MAYOR ~C. 'I~ICHARD SPENCER, ~R., CLER~D/TREAsUREt{ Presented by me City of Jeffersonviile 1990. This Ordinance day of ~l Lv / as Clerk-Treasurer to the. Mayor of s'.aid C. RICHARD SPENCE~ JR. ~j CLERK-TREASURER t~ approved and signed by me this , 1990.