HomeMy WebLinkAbout1993-OR-28ORDINANCE REESTABLISHING JEFFERSONVILLE
CUMULATIVE CAPITAL DEVELOPMENT FUND
WHEREAS~ Indiana Code 36-9-15.5
municipalities to establish and continue a
development fund; and~
WHEREAS, the City of Jeffersonville,
euch a fund is necessary and prudent for the
the municipality.
NOW~ THEREFORE~ BE IT ORDAINED
City of Jeffersonville that:
~ECTION I
That there is hereby reestablished
Cumulative Capital
That the
the revenues from
Cumulative Capital
That
exceed $.12 per
That
et seq. allows
cumulative capital
Indiana, finds that
financial well-being of
by the Common Council of the
a Jeffersonville
Development Fund.
SECTION II
ad valorem property
tax levy will be imposed and
the levy will be retained in the Jeffersonville
Development Fund.
SECTION III
the maximum rate of levy under Section II will not
$100.00 assessed valuation.
SECTION IV
the Jeffersonville Cumulative Capital Development Fund
is reestablished for
SECTION V
That the funds accumulated in
Capital Development Fund may be used for
the years 1994, 1995, and 1996.
the Jeffersonville Cumulative
the following:
Cumulative firefighting building, equipment, and
police radio fund pursuant to Indiana Code 36-8-14.
Cumulative building
Cose 36-9-16-2.
Cumulative Capital
funds pursuant to Indiana
Improvement Fund pursuant to
Indiana Code 36-9-16-9.
Cumulative Street Fund pursuant to
36-9-16.5.
General
Indiana Code
Improvement Fund pursuant to Indiana Code
36-9-19.
Cumulative Drainage Fund pursuant to Indiana Codex
36-9~?-100.
Cumulative Building Fund-Parks pursuant
Notwithstanding
Jeffersonville Cumulative
to Indiana
Code 36-10-3-81.
SECTION VI
Section V, funds
Capital Development
purposes other
is to protect the public
situation which demands
the authority of this
accumulated in the
Fund may be spent for
than the purposes stated in Section V~ if the purpose
health~ welfare or safety in an emergency
immediate action. Money may be spent under
section only after the Mayor issues a
declaration that the public health~ welfare or safety is
danger that requires the expenditure of money in the fund.
SECTION VII
in immediate
timely passage~ promulgation and approval by the Mayor~
Passed and adopted by the Common Council of the City of
Clark County~ Indiana~ on the _c~___'~_ day of
This Ordinance
1993.
/
Jeffersonville~
__~/~L___~ 1993.
This fund takes
Commissioners~
This Ordinance
Tax
,ATTEST:
C. R~eHARD SPENCER~JR.
CLERK AND TREASURIDR
City of
Presented
Jeffersonville
by me as Clerk and Treasurer to the Mayor of said
this of ....
C. RICHARD SPENCER/JR.
CLERK AND TREASUR~R
approved and signed by me this _~___~_ day of
MAYOR
effect upon approvaI of the State Board of
shall be in full force and effect upon its