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HomeMy WebLinkAbout2025-OR-50 Ordinance Declaring River Ridge Non-Reverting Fund as Dormant and Transferring to General Fund ORDINANCE NO. 2025-OR- BEFORE THE COMMON COUNCIL FOR THE CITY OF JEFFERSOVILLE STATE OF INDIANA AN ORDINANCE DECLARING THE RIVER RIDGE POLICE NON-REVERTING FUND AS DORMANT AND TRANSFERRING SAID FUNDS TO THE GENERAL FUND WHEREAS, the City Council is the fiscal body for the City of Jeffersonville, Indiana pursuant to Indiana Code; WHEREAS, the City of Jeffersonville has previously adopted 2025-OR-6 entitled, "An Ordinance Establishing the River Ridge Police Non-Reverting Fund" to receive funds for additional police protection services within the River Ridge Commerce Center; WHEREAS, the agreement to provide additional police protection services within the River Ridge Commerce Center was terminated upon the adoption of 2025-R-14; WHEREAS, the agreement further stated the City of Jeffersonville shall retain any balance of unexpended funds for the additional police protection services,which were deposited into the River Ridge Police Non-Reverting Fund, to be used for whatever purposes the City deems permissible; WHEREAS, the Common Council now considers the River Ridge Non-Reverting Fund dormant in that its intended purpose has been fulfilled but said fund holds an unused and unencumbered balance. NOW,THEREFORE, BE IT ORDIANED that the River Ridge Police Non-Reverting Fund established pursuant to 2025-OR-6 is hereby declared dormant. IT IS FURTHER ORDAINED that pursuant to IC 36-1-8-5 the City Fiscal Officer is hereby directed to transfer the unused and unencumbered balance to the general fund. SO ORDAINED by the Common Council for the City of Jeffersonville, Indiana on this /7 day of O1/99r be i' , 2025. VOTED FOR: VOTE AGAINST: „ „AL LoA, This Ordinance (2025-OR-50 ) shall in full force and effect from and after its passage and approval. V Evan Stoner Presiding Officer ATTEST: Lisa Gill, lerk This Ordinance (2025-OR--. ) presented by me as Clerk to the Mayor of said City of Jeffersonville this /' day of fioa ern F' , 2025 at m. .7Leir Lisa Gill, This 9rdinnance (2025-OR-50 ) approved and signed by e this day of `�ate-r( 2025 at m Mike Moore Mayor This Ordinance(2025-OR- )vetoed by me this day of 2025 at m. Mike Moore Mayor ORDINANCE NO.2025-OR- (� BEFORE THE COMMON COUNCIL FOR THE CITY OF JEFFERSONVILLE, INDIANA AN ORDINANCE ESTABLISHING THE RIVER RIDGE POLICE NON-REVERTING FUND WHEREAS,the City of Jeffersonville (the"City") and the River Ridge Development Authority (the "Authority") have entered into an agreement for the City to provide additional police protection services within the River Ridge Commerce Center; and WHEREAS, the Common Council for the City of Jeffersonville (the "Council)' adopted Resolution No. 2025-R- 3 approving and ratifying the agreement; and; WHEREAS, the agreement, among other things, requires the Authority to make certain payments to the City for purposes of paying for additional police protection services within the River Ridge Commerce Center; and; WHEREAS, it is economically desirable to create a non-reverting fund for deposit. expenditure and disbursement of those funds received from the Authority pursuant to the agreement. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Jeffersonville, Indiana, as follows: 1. That a special non-reverting operating fund is hereby established for the purpose of receiving and holding funds received from the River Ridge Development Authority pursuant to the Police Services Agreement ratified and approved by Resolution No. 2025-R- '� . This fund shall be entitled The River Ridge Police Non-Reverting Fund" and monies may be expended from this fund only upon the filing of a proper claim in issuance of a warrant for payment by the Controller after appropriation and approval by the Common Council. The funds collected shall be used by the Jeffersonville Police Department for any and all expenses related to additional police protection services within the River Ridge Commerce Center. 2. That the Common Council is hereby required to use the Non-Reverting Fund to the extent and in the manner allowed by law and consistent with this Ordinance. SO ORDAINED by the Common Council for the City of Jeffersonville on this 3 day of liY ,rC . 2025. VOTED F VOTED AGAINST: 4 "a- This Ordinance (2025-OR- (p) shall be in full force and effect from and after its passage and approval. Evan Stoner Presiding Officer ATTEST: Lisa Gill Clerk This Ordinance (2025-OR- ) presented by me as Clerk to the Mayor of said City of Jeffersonville this ` day of 1 �_ .. i . 2025. Lisa Gill Clerk This Ordinance (2025-OR- _ ) approved and signed b • me this day of ,2025. Mike oore Mayor