HomeMy WebLinkAbout1990-R-09 RESOLUTION NO. 90-R- --[
RESOLUTION APPROVING APPROPRIATION OF 1990 CUMULATIVE CAPITAL
DEVELOPMENT FUND MONIES AMONG CITY DEPARTMENTS
has
Fund
which
and,
WHEREAS, the Common Council of the City of Jeffersonville
previously established a Cumulative Capital Development
for purposes of refurbishing the City's equipment stock,
fund carries a tax rate of twelve cents ($.12) for 1990;
WHEREAS, it is fiscally prudent to determine for purposes
of advance planning how the total levy raised within the
Cumulative Capital Development Fund shall be spent among the
various City departments in 1990[
NOW, THEREFORE, BE IT RESOLVED by the Common Council of
the City of Jeffersonville as follows:
1. That one-third (or a $.04 tax rate) of the total levy
within the Cumulative Capital Development Fund should
be dedicated
Department in
1990.
That one-third
for use by the Jeffersonville Police
upgrading its motor vehicle stock in
(or a $.04 tax rate) of the total levy
raised in the Cumulative Capital Development Fund in
1990 should be dedicated for use by the
Jeffersonville Fire Department for its use in paying
existing obligations for equipment purchases, or to
make other necessary equipment purchases in 1990.
That the remaining one-third (or a $.04 tax rate) of
the total levy raised in the Cumulative Capital
Development Fund in 1990 should be dedicated to use
by all other City departments, and department heads
requesting the dispersal of these funds in 1990 for
their department's
requests J.n writing
earliest convenience
benefit should submit such
to the Common Council at their
for consideration on a
first-come first-serve basis.
That in the event that a balance shall remain after
September 1, 1990, of any funds dedicated for use to
specific departments herein, the Common Council may
approve additional equipment purchases for any City
department as long as the 1990 financial obligation
incurred does not exceed the remaining fund balance,
and so long as the financial obligation incurred does
not exceed anticipated remaining balances in the fund
in subsequent years after taking into account all
contractual obligations
anticipation of having
funds raised through
Development Fund levy.
Passed and adopted this
1990, by the Common Council
Clark County, Indiana.
previously incurred at the
said obligations retired by
the Cumulative Capital
of the City of Jeffersonville,
ATTEST:
Presented by me as
City of Jeffersonville,
Clerk-Treasurer to the Mayor of the
lq day of
Indiana,
this
Approved
and signed
, 1990.
CLERK-TREASURER
by me this / ~ day of
OREM v ~