HomeMy WebLinkAbout2005-OR-04 VETO
ORDINANCE 2005-OR-4
AN ORDINANCE ESTABLISHING THE
COMMON COUNCIL NON-REVERTING CAPITAL IMPROVEMENT FUND
WHEREAS~ IC 36-1-2-9 (3) designates the Common C~mncil of the City of Jeffersonville as the legislative body of the City of
JcffersonviHe, and
WHEREAS, IC 36-1-~.00 2 grants to the Cmmon Council of'the City of Jeffer~nville the powers necessary and desirable
to conduct the f'mancial affairs of l~he City 0f Jeffer~nviHe, and
WHEREAS, lC 36-1-2-9 (~) designates the Common Co~Uncil of the City of Jeffersonville as the fiscal body for the City of
Jefferson,, and ~
WHEREAS, IC 36-4-4-4 Co) wants to the Comlnon Council of the City of Jeffersonville the power to manage the finances of
:
the City of Jeffersonvilte, and
WHEREAS, IC 36-4-6-18 grants authority to tile Comm. on Council of the City of Jeffermn~e to pass ordinances, orders,
resolutions, and motions to contr~4 city finances, and
WHEREAS, the Common Council of the City ef Jeffers0nviile now wishes to become more involved in certain Capital · Improvement Projects,
THEREFOr, NOW LET IT BE ORDAINED BY THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE,
:
SECTION 1: There is now established the Common Co~cil Non-reverting Capital ImProvement Fund.
·
SECTION 2: The Common Council Non-reverting Capital Improvement Fund shall be funded by EDIT TAX fund~.
SECTION 3: The initial annual funding to the Common, Council Non-reVerting Capital Improvement Fund from EDiT TAX
funds shall be in the amount of $I75,000.00.
SECTION 4: Each member of the Jeffersonvilh~ Common Council shall have the authority to designate the expenditure of
$25.000.00 annually from the Cozamon Council Non-reverting Capital Improvement Fund for capitall
improvement projects to be located anywlkere within the corporate boundaries of the City of Jeffersonville.
: .
SECTION 5: All expenditures from the Common Council Non-revertingCapital Improvement Fund shall comply with all state
statutory requirements for expen~imres fv~m EDIT TAX revenue. .
:
Approved by the Common Council of the City ¢~ Jeffersonville this I of ~ ~c~ ~ , 2005.
Passed and adopted by the Common Council of the City iof JefferS°nviile, Clark County, Indiana this ~day of ~.~_~, 2005.
:: Rob~ L. Waiz Jr.'Mayor
ATTEST:
Peggy Wilder, Clerk Treasurer
-- p~' w'fider, ClerkTr~amrer
Approved and signed by me this .......... dayof ......................... . ........ ,2005 ~/ ,Z~df~~. \l ~.. ~~-
Robert L Waiz Jr., Mayor