ORDINANCE NO. 2016-20
 
AN ORDINANCE FOR THE TRANSFER OF FUNDS TO THE LOCAL ROAD AND BRIDGE MATCHING GRANT FUND
 
SUMMARY

 

ORDINANCE NO. 2016-20

AN ORDINANCE FOR THE TRANSFER OF FUNDS TO THE LOCAL ROAD AND BRIDGE MATCHING GRANT FUND
 

WHEREAS, the Community Crossing Matching Grant is an opportunity provided by the Indiana Department of Transportation (“INDOT”) whereby communities are awarded monies for infrastructure improvement projects;
 
 WHEREAS, the communities that are awarded grants are required to match the grant amount as a condition of the Community Crossing Matching Grant Program; and
 
 WHEREAS, the City of Auburn, Indiana has applied for a Community Crossing Grant for a paving project with an estimated cost of $1,200,000.00 and, therefore, per the requirements of the Community Crossing Matching Grant Program would participate at a 50/50 cost or $600,000.00; and
 
 WHEREAS, transferring $600,000.00 from the LOIT Special Distribution Fund to the Grant Fund for subsequent use as a grant match serves the purposes for which the Grant Fund was established as well as permitted; and
 
 NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF AUBURN, INDIANA:
 
Section 1.
 
The total amount of $600,000.00 shall be transferred from the LOIT Special Distribution Fund of the City of Auburn, Indiana to the Grant Fund to be used as matching funds for the Community Crossings Matching Grant Program relating to Norland Park as administered by INDOT.

                                       ____________________________________
             NORMAN E. YODER, Mayor