HomeMy WebLinkAbout2012-OR-39 v
APPROPRIATION ORDINANCE
CITY OF JEFFERSONVILLE, INDIANA
ORDINANCE NO. 301
WHEREAS, the Common Council ( "Council ") of the City of Jeffersonville, Indiana
( "City "), has determined has determined to finance certain park improvements at Vissing Park
("Project") as described in an ordinance adopted by the Council on September , 2012; and
WHEREAS, the Council has determined that the estimated cost of the Project, and the
incidental expenses necessary to be incurred in connection with the Project and with the issuance
of bonds and bond anticipation notes ( "BANs ") to finance the Project will be in an amount not to
exceed Three Million Five Hundred Thousand Dollars ($3,500,000); and
WHEREAS, the Council has determined to issue the bonds and BANs to fund the costs
of the Project in an aggregate amount not to exceed Three Million Five Hundred Thousand
Dollars ($3,500,000); and
WHEREAS, there has been published a notice of a public hearing on the appropriation of
the proceeds of the bonds and BANs to be held on this date; the hearing has been held and the
Council has considered the evidence presented at the hearing; and
WHEREAS, the Council now finds that the City has no funds available or provided for in
the existing budget and tax levy g g which may be applied to the cost of the Project, and that an
extraordinary emergency exists for the making of the additional appropriation hereinafter set out;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF JEFFERSONVILLE, INDIANA THAT
Section 1. The Council finds that all proceedings required before appropriation of the
proceeds of the bonds and BANs have been accomplished and completed.
Section 2. For the purpose of paying the costs of the Project, and incidental expenses
necessary to be incurred with the Project and with the issuance of the bonds and BANs, an
amount not to exceed Three Million Five Hundred Thousand Dollars ($3,500,000) shall be
appropriated from the proceeds of the bonds and BANs.
Section 3. The Controller is directed to submit and certify this ordinance and the related
proceedings to the Department of Local Government Finance.
I/2926884.1
NOTICE TO TAXPAYERS OF PUBLIC HEARING ON
(16, ADDITIONAL APPROPRIATION
Notice is hereby given to taxpayers of the City of Jeffersonville, Indiana ( "City "), that the
Common Council ("Council") of the City will meet at the City Hall, Jeffersonville, Indiana, at
p.m. on September _ , 2012 to conduct a public hearing and consider the appropriation of
the funds of the City in an amount not to exceed Three Million Five Hundred Thousand Dollars
($3,500,000) to be applied on the costs of completing certain park improvements at Vissing Park
and the incidental expenses in connection therewith. The funds to meet this appropriation are to
be provided by the issuance and sale of bonds and bond anticipation notes of the City.
The foregoing appropriation is in addition to all appropriations provided for in the
existing budgets and levies.
Taxpayers of the City appearing at the hearing shall have a right to be heard in respect of
this additional appropriation.
Dated this _ day of September, 2012.
/s/ Monica Harmon
Controller, Jeffersonville, Indiana
[Publish one time in The Evening News at least 10 days prior to the public hearing]
1/2926884.1
Coe Passed and adopted by the Common Council of the City of Jeffersonville, Indiana, this
/ day of September, 2012.
Ocfober
COMMON COUNCIL OF THE
CITY OF JEFFERSONVIL E, INDIANA
,0
'residing Offi e
ATTEST:
7L44 (
Clerk
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Presented by me to the Mayor of the City of Jeffersonville on the day of
1 0C'46b e s— , 2012, at the hour of o3 : &m .
;1,c 624(&)
Clerk
This ordinance approved and signed by me, the Mayor of the City of Jeffersonville, on
the 3 day of OdJ r-- , 2012, at the hour of ,,.m.
Mayor
1
I/2926884.1