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HomeMy Public PortalAbout009-1981 - creation of a Cumlative Capital Improvement Fund for the Sanitary DistrictORDINANCE NO. 9-1981 AN ORDINANCE TO CREATE A CUMULATIVE CAPITAL IMPROVEMENT FUND OF THE RICHMOND SANITARY DISTRICT. WHEREAS, the Board of Sanitary Commissioners by Resolution No. 33-1980 is requesting the Common Council of the City of Richmond, Indiana to authorize said Board to create a Cummulative Capital Improve- ment Fund; and WHEREAS, I.C. 18-1-1.5-16 and I.C. 18-1-1.5-17 would authorize the creation of such fund by the Common Council of the City of Richmond, Indiana to be operated by the Board of Sanitary Commissioners; and WHEREAS, the Common Council of the City of Richmond, Indiana finds that the creation of such fund would be of benefit to the public health and welfare of the people of the City of Richmond, Indiana. NOW THEREFORE, BE IT ORDAINED by the Common Council of the City of Richmond, Indiana, that: 1. There is hereby created a fund of the Richmond Sanitary District to be known as the Cumulative Capital Improvement Fund. 2. The Board of Sanitary Commissioners of the City of Richmond, Indiana shall have full, complete and exclusive control of said fund as set out in I.C. 19-2-14-1 through I.C. 19-2-14-32, including the amount of money to be placed into said fund in each calendar year and the purpose of said fund. 3. The monies placed in said fund shall be appropriated from such sources as stipulated by the Board of Sanitary Commissioners under the appropriate appropriation statutes and in accordance with I.C.19-2-14-28. PASSED AND ADOPTED by the Common Council of the City of Richmond, Indiana, this C, -�A day of , 1981. President of Common Council ATTEST: JoElle Trim le, City Cler PRESENTED by me, JoEllen Trimble, City Cler to the Mayor of the City of Richmond, Indiana this Z day of 1981. City Clerk APPROVED by me, Clifford J. Dickman, Mayor of the City of Richmond, Indiana, this day of1981. ATTEST: JoE en. Trimble, City Clerk